Surviving Student Loans and College Debt

Filed Under (Education) by admin on 03-10-2009

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usnewsandworldreport asked:

By carefully choosing enrollee loans, grants, and scholarships as conception of your whole college business assistance package, you crapper refrain feat into onerous college debt. Kimberly Palmer, grownup application for US News, discusses business assistance tips to support in stipendiary for college and minimizing enrollee debt and the differences between clannish loans and federal college loans. For more college business assistance advice go to www.usnews.com

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Comments (19)

Now they tell me

All True,,,IT guarantees you will pay them a chunk more of your pay in addition to the taxes. 51% of my income whent to the US government last year… THINK SERIOUSLY BEFORE YOU BORROW! Calculate the amount of tuition and realize that you will pay 300% by the time its all over….30 long years from now.

I took out loans and today paying back loans to the government is like paying back the mafia. If you don`t have a job or the money to pay, they will take it our of your paycheck when you do work and take your income tax return money and then after years of paying them through garnishments, they can and will sell your loans to a finance company for 24 percent interest wheither you like it or not. They won`t even tell you before they sell them. All the U.S. is about is MONEY

Espcially having a history degree with a job working as a barista, and set back with 40,000 dollars! I laugh because I worked as a security guard and graduated debt free, and even had a savings. After 1 year out, I now have 50,000 sitting in my bank account

This is exactly the reason why Im doing pre-med/pre-pharm.

So I won’t have to worry about bullcrap.

Are you serious DrBones666? I’m a sophomore taking out my second amount of loans and already I’m bugging out about it.

Financial award? grant package? marketing words!! call it what is – a financial setback, a debt burden.

JUST SAY NO!! ESPECIALLY MOHELA!! JUST SAY NO!! Go to school for free… A degree means nothing now a days!! I have 2!! and almost went for 3 and NOW I HAVE NO JOB AND HAVE STARTED MY OWN BUSINESS!! MOST MILLIONAIRES DO NOT HAVE DEGREES!!

kewl..im gonna try tat

Those adds can be misleading… Please don’t borrow $40,000 a year for college! If you borrow that much you will be in well over 100K of debt when they hand you your diploma.

The last 3 tips are the great. The most important one though is number 2… don’t over borrow! Borrow what you need to live your life and that’s it – it will only hurt you later.

National Academy of American Scholars sponsors the NAAS National Awards; $250 to $25,000.00

The best thing is to learn a trade. That is the direction I’m heading in.

Words of wisdom. I’m an honor student with a a large scholarship. I work and make little to nothing. I came from community college paid practically nothing and obtained a better education than the one I am receiving now. LOL. After college I will have $20,000 in grant and bank loans. Private colleges should fail like the banks. Or, at least go back to what they used to mainly be, country clubs for the wealthy. They are obsolete and a racket.

Going to college is not worth creating debt with an unmerciful government. Sometimes, health issues and certain mental and physical disabilities prevent a person from making enough money to barely survive on, but the government will still take their money. You can not take bankruptcy. You are trapped permenantly. There is no mercy! No forgiveness of debt. Don’t be fooled. A job is not promised at the end of your education. Education doesn’t always mean prosperity.

Have you noticed that there aren’t any debtor prisons any more? Get the loans, go to school, get the degree and don’t pay it off. Not much they can do really.

Sallie Mae is actually a Klingon word that means sarlacc pit.

I’m suprised you never mentioned to START EARLY. That’s nearly as important as filling out FAFSA. The earlier you start working with your Financial Aid Office, the better.

Oh yea, while you are in the process of gettin money dont ever feel like you are left out cuz all the “cool ppl are going to college” and you are working 2 jobs. These cool ppl are mostly middle class idiots setting themselves up for debt. If you have rich parents who will pay for your college then just disregard this message. Have a good day.

fuck this bullshit, if you cant afford it dont buy it. Take a year off and live with your parents and dont fucking go to parties dont do anything other than working 2 jobs straight. And youll be straight for college. unless your going to medical school, but for most ppl youll be straight. If your parents force to you pay bills monthly youll save around maybe 15-20k. When you get that, go to a community college then a 4 year one and you good to go.

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