2023 Real Estate Observations (Boston: districts, worker, foreign)

[charolastra00]

Originally Posted by gf2020

It's only Federal student loans that have been in deferment for 3.5 years.

For most dependent students, the maximum an undergrad can borrow under those programs is $27,000 for 4 years. The interest rates have varied from 3.4% to 5.05% over the past several years. If we assume an average of 4.5% then the monthly payment would be about $280.

I don't think $280 per month is preventing millennials from buying houses.

It's not the $280 in Federal loans but the $1000+ in other loans that have much higher interest rates that's the problem.

[matrix5k]

Originally Posted by gf2020

It's only Federal student loans that have been in deferment for 3.5 years.

For most dependent students, the maximum an undergrad can borrow under those programs is $27,000 for 4 years. The interest rates have varied from 3.4% to 5.05% over the past several years. If we assume an average of 4.5% then the monthly payment would be about $280.

I don't think $280 per month is preventing millennials from buying houses.

Now add in grad school student loans and see how much it is.

[msRB311]

Originally Posted by matrix5k

Now add in grad school student loans and see how much it is.

It's clearly not worth going to grad school then if someone has so many loans that they can't afford a house.

[Threestep2]

Originally Posted by msRB311

It's clearly not worth going to grad school then if someone has so many loans that they can't afford a house.

By the time they are ready for grad school they should have achieved the basics of math and finance to understand the need for alternate sources of funding instead of signing on the dotted line. Well, it is the way of least effort.

[AtkinsonDan]

Originally Posted by msRB311

It's clearly not worth going to grad school then if someone has so many loans that they can't afford a house.

^^^ Shush now. You don't want to pop the higher education bubble.

[MtPleasantDream]

Originally Posted by msRB311

It's clearly not worth going to grad school then if someone has so many loans that they can't afford a house.

Those high salary jobs often require a graduate degree though.

Almost all PhD students receive a stipend and tuition waiver. Many master's student in STEM receive a stipend and tuition waiver.
I didn't pay a dime for my graduate school education, although I was very poor then (the wage from my department was less than 30k per year).

Master's students in social sciences and business usually have to depend on themselves.

[newenglandgal123]

Originally Posted by msRB311

It's clearly not worth going to grad school then if someone has so many loans that they can't afford a house.

Maybe they can't afford a house now but once they get their JD or become a surgeon they'll easily pay all those student loans off plus be able to buy a $2.5+ M house in Wellesley. Maybe even a Range Rover and an ACK house by the time they're 45 too!

[newenglandgal123]

Originally Posted by MtPleasantDream

Those high salary jobs often require a graduate degree though.

Almost all PhD students receive a stipend and tuition waiver. Many master's student in STEM receive a stipend and tuition waiver.
I didn't pay a dime for my graduate school education, although I was very poor then (the wage from my department was less than 30k per year).

Master's students in social sciences and business usually have to depend on themselves.

I didn't pay a dime for my graduate degree either. One of my first companies I worked for had a program where they'd reimburse you up to $10K /year for graduate studies if you agreed to stay with them for a year after completion. Worked for me!

[matrix5k]

Originally Posted by msRB311

It's clearly not worth going to grad school then if someone has so many loans that they can't afford a house.

Well then I guess no one should become a teacher then because that requires a masters. That would solve a lot of things you complain about. If there are no teachers then there would be no free school lunch and no free community college.

[Alex29]

Originally Posted by matrix5k

If there are no teachers then there would be no free school lunch and no free community college.

Well, then something else will come up, as always did. But you can keep beating this dead lion...