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Affording Teaching in China with student loans...possible?
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roddy -
Very solid advice there from Laska, for anyone thinking of teaching here.
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jasmitwalkar -
Okay friends, my husband and I took out a private student loan before we quit our corporate jobs
to go back to school for nursing. Now that I've been accepted to a school, I'm curious if
mentioning this $30K student loan. I have a 4.0 GPA and am well qualified for scholarships in
general, but I don't know how this financial factor plays in. Thanks for your help.
akajoey -
In case you are not aware...
My English Teacher colleague at a teacher training college in China is with the US Peace Corps.
Whilst here his student loan repayments are deferred and he will receive a sizable lump sum on
return to the US after two-years service. Peace Corps also offer other benefits that you may be
interested in.
Hope this is of interest to you or anyone else.
lilongyue -
I'd say go teach in Taiwan. It's true that the cost of living is much higher, but so is the pay.
I'm not 100% sure, but I have the feeling that if one were to balance the various factors, a
frugal life in Taiwan might leave you with much more money for paying off loans than a frugal life
in China. It's definitely worth looking into.
nomad -
PCV usually receive about $6000USD after their 2 year service, they also get a monthly stipend
(could be up to $200 a month). So, I'm not sure if you would consider this as a "sizable lump sum."
akajoey -
Quote:
PCV usually receive about $6000USD ... I'm not sure if you would consider this as a "sizable lump
sum."
I am sure that I would describe that as a sizable lump sum, but then sizable is a quite subjective
adjective. In my opinion a graduate student would be grateful for that cheque after two-years
service that is valuable in its own right - especially as Peace Corps provide for all possible
costs during a volunteer's service and then assist in career planning and job finding upon return
to the US.
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