<p>I am accepted into Frostburg State University and Kutztown University. Frostburg is in the state In which I live in,Maryland. Kutztown is in Pennsylvania. What’s the better choice.
Frostburg is $18,000 in state and with aid ill probably take out $3,000-$5,000 loans.
Kutztown is $28,000 out of state and ill probably take out $17,000+ for loans.
I am pursuing a teaching career. Elementary to ne exact.
Which ia better?</p>
<p>You want to attend college in the state you want to teach in.
Because you will probably need a masters degree at some point, it is best to limit loans for undergrad.</p>
<p>Ditto to E.K.'s reply. I am a career public school teacher and as long as you receive your state’s certification for the state where you wish to be employed, you are fine. In teaching, your performance in college, references and student teaching performance will be of the most importance in gaining employment, NOT the name of the school you attend. Go for the least amount of loans…the more college degrees/post undergraduate hours you have, the higher you are on the pay scale in teaching. Save your income for graduate school tuition. The sooner you have the masters and masters+30 certificates, the earlier you will begin to accrue more savings $$ from your salary ;-). Good luck!</p>
<p>$17000 x 4 years = $68,000. Do you know how painful that will be to pay back on a beginning teacher’s salary? (And if you even can borrow that much, ie, got a cosigner?) PLEASE don’t do that too yourself when you have an acceptable and affordable alternative available. </p>
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<p>*Kutztown is $28,000 out of state and ill probably take out $17,000+ for loans.
*</p>
<p>That’s too much for any profession much less as a teacher. </p>
<p>Would your parents co-sign those loans knowing that teachers don’t earn much during their early years and they’d be responsible if you couldn’t afford to pay back the loans? </p>
<p>What is your EFC?</p>
<p>how much are your parents contributing each year?</p>
<p>Do you have any idea how much your payments would be on loans of that size? </p>
<p>there is absolutely NO GOOD REASON to borrow that much…especially for a future teacher.</p>
<p>
I hope you’re not a math teacher.</p>
<p>I just wanted to see everyone else’s ideas on this and my EFC is $0. </p>
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<p>Here are some rough numbers:</p>
<p>Assuming that you qualify for the maximum in subsidized Stafford loans (meaning no interest charges until 6 months after graduation) and that the rest of your obligation is unsubsidized at 8% interest, you will graduate with roughly $75,200 in debt.</p>
<p>To pay that off over 10 years at 8% comes to about $912 a month.</p>
<p>A beginning teacher in Maryland makes, on average, about $37,000 a year before taxes ([Teacher</a> Salary | Teaching Salaries in MD : 54333](<a href=“http://www.teacherportal.com/salary/Maryland-teacher-salary]Teacher”>http://www.teacherportal.com/salary/Maryland-teacher-salary)). After taxes and payroll deductions, figure perhaps $30,000. That’s $2,500 a month. That means that you would be paying 36% of your salary in student loan repayments for 10 years, leaving you perhaps $1,600 a month for food, housing, transportation, clothing, and lifestyle enhancement.</p>
<p>my EFC is $0.</p>
<p>Well, to start with, your family is low income, so not likely going to be co-signing big loans for you (which are a bad idea anyway).</p>
<p>So, without qualified co-signers, the question will be moot.</p>
<p>*Frostburg is $18,000 in state and with aid ill probably take out $3,000-$5,000 loans.
Kutztown is $28,000 out of state and ill probably take out $17,000+ for loans. … Which ia better? </p>
<p>==========</p>
<p>I hope you’re not a math teacher. *</p>
<p>Lol…so true! </p>
<p>*To pay that off over 10 years at 8% comes to about $912 a month.</p>
<p>A beginning teacher in Maryland makes, on average, about $37,000 a year before taxes (Teacher Salary | Teaching Salaries in MD : 54333). After taxes and payroll deductions, figure perhaps $30,000. That’s $2,500 a month. That means that you would be paying 36% of your salary in student loan repayments for 10 years, leaving you perhaps **$1,600 a month **for food, housing, transportation, clothing, and lifestyle enhancement. *</p>
<p>Very good breakdown! </p>
<p>To a kid who hasn’t ever supported himself, having 1600 a month may sound like a lot, but housing alone will likely grab about 1000 of that right off the bat. Having only $600 per month leftover to pay for food, clothing, cell phone, internet, health insurance, car (gas/payment/repairs/insurance), etc would be a nightmare!</p>
<p>A Student loan payment shouldn’t exceed 10% of a month’s salary. And, for those who are going into professions that don’t pay well in the beginning, even 10% can be too much.</p>
<p>What do you mean.I hope you are a math teacher?</p>
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<p>As an unemployed teacher with a Masters+30, I would advise you to be very wary of taking out big loans for teaching. </p>
<p>With so many States and school districts losing funding, and increasing class sizes, the job market for teachers is not as good as it was 10 years ago. Unfortunately, the colleges in our area keep churning out more teachers every year, even though those of us with 10+ years teaching experience are having trouble finding work. </p>
<p>New teachers who are fresh-out-of-college usually end up as Substitute Teachers for the first 2 or 3 years, which can mean earning less than $10,000/year + no benefits. It is not even easy being a Sub these days as it seems anyone unemployed with a 4-year degree can get fingerprint clearance and sign up to be a Substitute Teacher. Our district has hundreds and hundreds of them, which it makes it even more difficult to get Sub jobs in a bad economy.</p>
<p>In California you need a 4-year degree plus a 5th year to work on the California teaching credential AND do the 2 semesters of unpaid, full-time student teaching. So, if you did the worse case scenario it would be $17,000/year x 5 years = $85,000. That would be a really outrageously high price for a teaching credential. Plus accrued interest on top of that. Yikes. Plus, you can NEVER get rid of school loans through bankruptcy. You have to pay them off even if it takes your whole life to do it. </p>
<p>I am so glad I got my teaching credential at my local state college where I could just pay-as-you-go. I was able to graduate with no debt, and I’m really grateful, since things have not worked out as well as I would have hoped employment-wise.</p>