I’m not sure if this is a Texas Universities thing or just my friend’s, but my friend, who is in grad school now, told me before that as work study she was the hall monitor or the dorm leader or something like that, so the she didn’t have to pay anything for housing/dorms because the university covered it. Is this true? She went to UIW, and I’m planning on going to Baylor next year. If this is true would Baylor have a similar program?
Your friend was probably a resident assistant. These are competitive jobs for undergrads…as upperclassmen…because of the housing benefit the provide.
In other words…don’t count on getting that.
These jobs are not usually available to freshmen anyway.
At Baylor you must be a current student
As @thumper1 stated, because you get free room and board (which will be taxable to you), it is a very competitive job tat is not open to freshmen
And not all schools. Offer the same benefits. And they ar extremely competitive.
I do not think that room and board is taxable to students. It is not a scholarship, it is a job where living at your job is required (like being a night watchman or being in the army). Check with your accountant.
You really have to look at the new changes that were made under the current administration. For years a grad student could TA in exchange for free tuition. Now they have to pay taxes on that free money. Some grad students have discovered that they don’t earn enough in outside jobs to cover the taxes on their TA jobs.
The provision to tax tuition waivers for grad students did not make it into the new tax legislation.
Students receiving stipends have always paid taxes on that income.
Can you please provide a citation for this claim? I don’t think the taxability of graduate student tuition benefits was included in the new tax law.
In order to better position herself for a RA job, your daughter can look into jobs as a desk assistant in the dorm or positions in the Housing office. Those jobs are usually open to freshman.
@thumper1 and @BelknapPoint you are both correct. That did get thrown out. Had they gotten their way, fewer students could afford grad school. As it is now, it is harder for those with fed loans since they now have to make payments while in grad school. My oldest was able to defer her payments until after grad school. Once she got a job she was frugal and got the loans paid off in three years.
Where is the citation for this?
@thumper1 I know around 2012 they put an end to the student loan deferment if you were going to attend grad school. I know even my oldest commented that she finished grad school at just the right time since they stopped letting you defer. It looks like now they are letting them defer again. Since my other two either were not interested in grad school or couldn’t do grad school yet, I haven’t kept tract of the on again, off again policy.
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As it is now, it is harder for those with fed loans since they now have to make payments while in grad school
I know around 2012 they put an end to the student loan deferment
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You could not possible “know” that because that isn’t true, either.
please be careful with what you post.
I vaguely remember something about subsidized loans ending for grad students. Not sure…hopefully someone will chime in.
Grad school loans are not subsidized, but the undergrad subbed loans are still subbed through grad school.
^^^
Yep. That is what I remembered. Loans taken out for med, dental, law, grad school are not subsidized. Yes, an undergrad loan that was subsidized will still be subsidized while in grad/law/med/dental/law school.
The loans for grad school will not be subsidized the grad students are not required to make payments while in grad school.
I have a kid in grad school right now. Started in 2015. Her undergrad loans are NOT in repayment…and neither are her loans for her grad program. At all. And they won’t be until she graduates. These are all Direct Loans…federally funded.
Agreed with abouve poster…perhaps you are confusing this with the fact that grad Direct Loans are NOT subsidized at anymore. That IS true…but payment is not required until after the student leaves college…and there is still a grace period as well.
MODERATOR’S NOTE:
While the topic of loan repayment is valid, it is not related to what the OP asked. Please keep to topic.