HOUSEHOLD DECISION MAKING 3 stagnated at about 7 points since then Furthermore

Household decision making 3 stagnated at about 7

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HOUSEHOLD DECISION MAKING 3 stagnated at about 7% points since then. Furthermore, for persons with master's or PhD, the gap expanded from 1% point in 2000 to 4% points in 2016. Enrolment Interest Rates The cost of higher education tuition increases with each passing day. This suggests that interest rates for private and federal loans are also increasing. In my case, as a former military officer, I am entitled to educational benefits, which give me the capacity to choose a college without considering interest or loan rates. In an article written by Ann Carrns for the New York Times, the federal government annually sets interest rates on student loans using a formula approved in 2013 (Carrns, 2017). The rates of the most popular student loans (new undergraduate Stafford loans) are approximated to increase to 4.54%, up from 3.67% this year. Loan rates for graduate students will rise from 5.13% to 6% while rates on Plus loans (accessible to parents and graduate students) are expected to peak at 7% from 6.13% (Department of Education, 2018). The educational incentives I received from the military play an important role
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HOUSEHOLD DECISION MAKING 4 in making the enrolment decision. Nonetheless, I needed to look at possible alternatives as well as the cons and pros to gauge whether pursuing the graduate degree will be favorable in my case. As outlined in the preceding sections, my recent big-ticket acquisition was enrolment in a graduate school. Prior to the purchase, I carried out extensive research; however, had I known that Fed funds rates were lower in the previous year; I would have enrolled by then. The present rate is about 4.74% but it was insignificant since I have military assistance that is inaccessible to other citizens. Notably, the Department of Veterans Affairs gives ex-soldiers loans, which are financed through private lenders such as banks and mortgage firms. The military repays part of the loan, which enabled the bank to offer me a loan at fair terms. Besides, I realized that various
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