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Damn, you poor suckers make me appreciate my parents sending me to a college of my choice and paying all of the tuition+a generous allowance
Damn, you poor suckers make me appreciate my parents sending me to a college of my choice and paying all of the tuition+a generous allowance
Damn, you poor suckers make me appreciate my parents sending me to a college of my choice and paying all of the tuition+a generous allowance
Sounds like it's time to draw straws on some of your pets.Yeah but she works at Petsmart...and she has plenty of her own stuff to pay for.But yeah, it helps, especially with food and stuff, but then again we have a bunch of pets too.
We'll be helping in any way we can to get our girls through college.
I'd go Navy if were advising my kids and the Military is not a bad option. There is college money in all the Branches.
There are many in the military right now that are doing both.
I found this to be quite topical.... really think about your expected returns on this investment. I still think it is a good (but much harder) idea to leave the womb and go it alone, but really think about your financing options and do some real research on jobs available, pay, etc. Oh and as far as the military, if you join, and go for journalism, you could become Private Joker!!!
Anyway here you go.
http://finance.yahoo.com/college-edu...ady-to-explode
Go to link for more...Over the last decade, private lenders, abetted by college financial aid offices, eagerly handed young people hundreds of thousands of dollars to earn bachelor's degrees. The student loan bubble may be about to burst.
In some respects, the student loan crisis looks remarkably like the subprime mortgage crisis. First, outstanding student loan debt has ballooned: It grew roughly four-fold in the last decade to $833 billion as of June — surpassing outstanding credit card debt for the first time.
Secondly, defaults have soared amid the difficult job market. In 2008, the most recent year for which data are available, nearly 3.4 million borrowers began repayment, and more than 238,000 defaulted on their loans. The number of loans that went into forbearance or deferment (when borrowers receive temporary relief from payments) rose to 22 percent in 2007, from 10 percent a decade earlier, according to The Chronicle of Higher Education. Over a 15-year period, default rates range from 20 percent for federal loans to 40 percent on loans to students who attend for-profit schools, The Chronicle found.
Just as lenders offered easy no-money-down mortgages to unqualified borrowers, private student loan firms offered instant online approval for up to 100 percent of college costs to students, in some cases for four consecutive years. In early 2007, half of the loans made by Sallie Mae, one of the industry's biggest players, were to students with no co-signers, according to Mark Kantrowitz, founder of the informational Web site finaid.org.
As tuition costs have outpaced the caps on federal loans, more families have turned to private loans, which carry higher interest rates and stricter repayment rules. Last year private lenders supplied about $10 billion in loans (compared with $100 billion in federal loans). A study by the College Board found about a third of graduates in 2007-2008 had private loans. About two dozen private lenders offer student loans, and their business is growing at 25 percent annually, after a temporary decline amid the recent credit crisis, according to finaid.org.
As a result of easy credit, declining grants and soaring tuitions, more than two-thirds of students graduated with debt in 2008 — up from 45 percent in 1993. The average amount is $24,000, according to the Project on Student Debt.
Tales of beleaguered borrowers abound. Kelli Space, 23, borrowed nearly $200,000 to get a bachelor's degree in sociology from Northeastern University — $12,000 in federal loans and $189,000 from Sallie Mae. Space, who lives with her parents and works full-time, started a Web site called TwoHundredThou.com, soliciting donations to help meet her debt obligation, which comes to $891 monthly. That number rises to $1,600 next November.
Well, I've spoken with the Financial Aid office of the school. The estimated cost for this semester is about $9,700. My Financial aid will cover about $2,000 of it, and im hoping I can comibine loans/grants for the remaining $7,700. Hopefully I can get a job on campus so I can work to have some change in my pocket, and pay back some of the loans.
Good luck with that.
Thanks.
wont you need some change to pay for your new and improved social life anyway?
Don't worry I have it covered bro, thanks.
18 year old thinks he has it all covered
19 year old tbh
No offense brah but you're a dumbass and seriously setting yourself up for some future problems.
I'm a dumbass for taking out a $4,500 loan? How bout getting your facts straight before you decide to talk . I don't see how getting such a loan affects YOU in any way.
underrated
Yes you are you ing ignorant re . But hey it doesn't, you just posted a thread asking for advice numbnuts, which you obviously didn't listen to. Enjoy your debt.
$4500 per semester is really stupid, especially if your parents are paying for things now. Sack up and finish your worthless degree while it's free.
So what did you decide to do and how are you holding up?
Sell your soul, win the lottery, or find a pot of gold.
This
Then register for a government grant
heard his suckn to get by these days
Not trying to be an ass, but go ahead and read the rest of this thread before continuing with that response. The reason why this doesn't work has already been discussed.
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