Episode 170
The TRUE Cost of Your Graduate Degree
Student Loan Planner · Travis Hornsby
March 1, 202238m 21s
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Show Notes
Do you ever wonder why the prices of graduate programs have gone up so drastically over the last few decades? Do you want to know what the TRUE cost of your graduate degree is? Join me as I talk about why the cost of graduate school hasn't gone up as much as you think it has.
In today's episode, you'll find out:
- How competition impacts the cost of tuition
- Reasons why the cost of graduate school has increased since the 1970s, especially for physical therapy, dentistry, law, vet med and pharmacology
- How today's employment prospects drives up the cost of college
- The role of producer surplus and consumer surplus in the context of higher education
- Why there's no cap on borrower for federal grad loans
- The difference in borrowing for undergrad and grad school
- The importance of looking at the present value of your loan payments and how to determine that present value
- Can medical school graduates and medical specialists get PSLF benefits
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