UMich MPH Worth it for ~50k per year?

[LeafsFan93]

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Epidemiology Field.
Who else is nervous about money? 🙁

 

[snoofle]

not going to Michigan, but definitely worried about money =/

 

[dreamer40]

Hey <Leafs>, you're totally not alone. I have the same dilemma because I've been admitted to Mich's Health Behavior and Health Education Department, but the out-of-state tuition is exhorbitant! Problem is, they have the optimal curriculum I want, and I could learn alot about women's health, my primary research interest, from what SPH offers. The $30,000+ in loans I've been offered for the year is helpful, but really scary for me🙁. Too bad we're not prospective PhD students...

 

[LeafsFan93]

I don't qualify for loans but am unsure as to how those are helpful...They still must be paid back right? Is there something special about them compared to regular student loans from a bank?

 

[Kang]

I've been thinking on the same lines. I've a quarter scholarship there but still need to pay the rest. And yes,its pretty exorbitant and I'm an international applicant. How do you qualify for loans ? And how are these loans better than taking one from another source,say a bank? I haven't heard much on this and would be grateful for any information. Thanks!

 

[dreamer40]

The ones I'm talking about are the Federal Perkins and Stafford loans, which are separate from the private ones you can get from banks. International students don't qualify for these, but I guess you would qualify for the private ones that aren't federal. You two are right, at the end of the day, wherever the loan comes from it'll need to be paid back someday, which has got me thinking if some of my other schools with great curricula and other opportunities might be more reasonable for my MPH....😎

 

[WantAnMPH]

There are two main benefits to the federally subsidized loans over regular bank loans. First, some federal loans defer interest till 6 months after you graduate. That means that instead of interest accruing from the day you take out the loan, you (should) have a job before the interest starts. This saves a lot in the long run.

The second benefit is that the federally subsidized loans are a much lower interest rate than regular bank loans. Again, it saves a lot in the long run.