Student Loan Debt

Business Insider reported that student loan debt in America is $1,400,000,000,000 – that’s a lot of zeros – $1.4 trillion. Let’s talk about your time and interest payments. If a borrower is a graduate or professional, the subsidized federal Stafford loan rate is 6.8%. Let’s look at two repayment scenarios. (Common) Scenario 1:  You borrow $50,000 at 6.8%

Business Insider reported that student loan debt in America is $1,400,000,000,000—that’s a lot of zeros–$1.4 trillion. Let’s talk about your time and interest payments. If a borrower is a graduate or professional, the subsidized federal Stafford loan rate is 6.8%. Let’s look at two repayment scenarios. (Common) Scenario 1: You borrow $50,000 at 6.8% for

Our Expertise, Your PhD Degree

  (Image belongs to Jorge Cham @ www.phdcomics.com) In this newsletter, I want to remind those of you still working on your dissertation what Statistics Solutions can do to assist you to complete your dissertation. As the cartoon describes, time ticks by, and sometimes the faculty don’t quite help as much as we’d like. Our

Picture Success

I speak with lots of doctorate students every day from around the Country. They are often stuck, frustrated, and their optimism waning. What happened to their enthusiasm towards their degree that they had when they started this process? Where is the bright light that was in their eyes? Their shoulders that were straight and relaxed are now hunched and

Tips and Tricks for Time Management: Part 2

The Prospectus Blues and Burnout

Many students I speak with say something like, “I made straight A’s in my courses, so why can’t I get my prospectus approved?”  It’s a common, and frustrating, circumstance. One reason is that classes are time-limited, you have colleagues to help, and you have one instructor. The dissertation process is just the opposite. There is

Pride, Ethics, Trust, Too Early, and Money: What Stops You from Getting Support?

Recently, a prospective client told me he was not prepped for his comps, and sure enough, just 2 of 15 in his cohort (13%) passed their comps. I then asked if he was prepped for his dissertation. Nope. Well one doesn’t have to be a student of history to know how this story turns out.

What is the Real Cost of Staying in School?

I was thinking about the financial and human cost of staying in school another two quarters. What are the real costs I wondered. Let’s deal with the financial first. Most graduate students pay roughly $4,000/quarter. So, a couple of semesters is $8,000. With a 15-year repayment schedule at 2017-2018 rates of 6%, the interest is $4,151.54.

Remember Who You Are

As the story goes, Beethoven was to have given sheet music to the 1st violinist in the orchestra. The violinist said, “Maestro, you can’t expect us to play that.” Beethoven replied, “the music is for another generation, just play the notes on the page.” The same Beethoven was to have asked a friend at his deathbed,

ABD Status = Liability

I speak with ABD students every day, 5 days a week, for the past 22 years.  ABD is the acronym for All But Dissertation. What I’ve learned is that an ABD status is a liability. It’s a liability to you ever completing your degree. There are three big reasons for this: life happens, committees change,