FOQ’s: Freaking Out Questions
There are a lot of questions around student loans that some are afraid to ask. Let’s start addressing those here. We’re going to organize them into several categories:
FINANCIAL:
– How much will my loans costs me once I graduate?
– Can I count on the Public Service Loan Forgiveness plan?
– Can I afford to make the payments once I graduate?
– Will Income Based Repayment make my loans affordable?
– If I don’t borrow money to go to school, how can I eat and live?
– Besides borrowing money, what are some other ways I can pay for school?
HOME and FAMILY:
– I’m scared if I have debt, it will change my plans to have children or get married.
– Will student loans affect my ability to buy a home?
– Why is debt a big deal for a young couple?
CAREER and MISSION:
– How will debt affect the my future income?
– I want to serve in a low paying, justice based career. How much debt is ok?
– I want to start a private counseling practice or open a new non-profit. Can I afford to do that?
– Will my debt loan affect the type of job I take once I graduate?