|
|
|||||||
| Nothingland Something about nothing - game threads, diversions, time-wasters |
 |
|
|
Thread Tools | Display Modes |
12-09-2010, 02:47 PM
|
#1 |
|
Slattern of the Swail
Join Date: Jul 2004
Posts: 15,654
|
What is FREAKING you out today??
for me - it's the notice of my student loan coming due.
OH. MY. GOD. they want how much?? What's freakin' your storm, rider?
__________________
In Barrie's play and novel, the roles of fairies are brief: they are allies to the Lost Boys, the source of fairy dust and ...They are portrayed as dangerous, whimsical and extremely clever but quite hedonistic. "Shall I give you a kiss?" Peter asked and, jerking an acorn button off his coat, solemnly presented it to her. —James Barrie Wimminfolk they be tricksy. - ZenGum |
|
|
|
12-09-2010, 05:05 PM
|
#2 |
|
I'm still a jerk
Join Date: Oct 2007
Location: Little Mexico
Posts: 1,817
|
I know that feeling all too well.
__________________
"Without deviation from the norm progress is not possible." - Frank Zappa It is the ignorance of ignorance that lead to the death of knowledge The Virgin Mary does not weep for her son, for he is in paradise. She weeps for the world , for we are in suffering. |
|
|
|
|
12-10-2010, 06:55 PM
|
#3 |
|
To shreds, you say?
Join Date: Aug 2004
Location: in the house and on the street-how many, many feet we meet!
Posts: 18,449
|
Student loan is at the bottom of the totem pole, What are they gonna do? repossess your brain?
__________________
The internet is a hateful stew of vomit you can never take completely seriously. - Her Fobs |
|
|
|
|
12-11-2010, 10:16 AM
|
#4 |
|
~~Life is either a daring adventure or nothing.~~
Join Date: Apr 2006
Posts: 6,828
|
Yes, I think they can.
 I made sure to keep my student loan burden down to the amount a car payment would be. My car is paid off, It just needs to stay running, otherwise I will be riding the bus to a new job. Hopefully, If that's worse case scenario, I'll take it. |
|
|
|
|
12-11-2010, 10:26 AM
|
#5 |
|
“Hypocrisy: prejudice with a halo”
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
|
To bad but the Republickins bent down to the loan system in the mid 2000's and passed a bill that will not allow student loans to be part of a bankruptcy settlement, you still have to pay them off. I guess they persuaded them to many people were defaulting on them by simply declaring bankruptcy.
__________________
Anyone but the this most fuked up President in History in 2012! |
|
|
|
|
12-11-2010, 10:51 AM
|
#6 |
|
~~Life is either a daring adventure or nothing.~~
Join Date: Apr 2006
Posts: 6,828
|
I don't think they should be discharge- able. The interest rate is good.
You receive what you finance, unlike vehicles, which sometimes turn out to be lemons, a degree is worth it's weight in gold. Even if in this economy, the degree doesn't produce a job right away, you can frame your degree and pat yourself on the back for doing a job well done, while you eat cold beans from a can, and sleeping in your car. |
|
|
|
|
12-11-2010, 11:42 AM
|
#7 |
|
To shreds, you say?
Join Date: Aug 2004
Location: in the house and on the street-how many, many feet we meet!
Posts: 18,449
|
A degree is worth it's weight in gold. (sic)
8.5" x 11" 30# stock (heavy weight paper) = approx .2 oz. gold spot price as of today = $1385/oz 1385 x .2 = $277. If you paid more that $277. for your college degree you were robbed.
__________________
The internet is a hateful stew of vomit you can never take completely seriously. - Her Fobs |
|
|
|
|
12-11-2010, 01:18 PM
|
#8 | |
|
Why, you're a regular Alfred E Einstein, ain't ya?
Join Date: Jun 2006
Posts: 21,206
|
Quote:
Student loan default is a big deal. So much so that a lot of pressure is being put on schools to take more than an active role in keeping default rates down. A school with a high default rate could be in danger of losing access to Title IV funding. In fact, just this year, my department added a new position (under my supervision...egads) of Default Management technician. We also limited access to unsubsidized loans and make the students come to an extra counseling session to access the full limits of their loans. Most students don't know how much they've borrowed or have any idea what their initial monthly payment would look like. We practically try to scare them into borrowing less. Good for the student, in the long run...but sadly many people are living off this funding. Want to know how much you've borrowed and access repayment calculators? Log into www.nslds.ed.gov. For those who have trouble making payments, I urge you to contact your servicer. There are deferments and forebearances for all kinds of issues. Once you go into default, you've paved the way for some actual and real serious consequences. [/oligatory job-related free advice]
__________________
A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby |
|
|
|
|
|
12-11-2010, 01:24 PM
|
#9 | |
|
Only looks like a disaster tourist
Join Date: Feb 2007
Location: above 7,000 feet
Posts: 7,208
|
Quote:
|
|
|
|
|
|
12-11-2010, 01:26 PM
|
#10 |
|
Why, you're a regular Alfred E Einstein, ain't ya?
Join Date: Jun 2006
Posts: 21,206
|
__________________
A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby |
|
|
|
|
12-11-2010, 01:33 PM
|
#11 |
|
Only looks like a disaster tourist
Join Date: Feb 2007
Location: above 7,000 feet
Posts: 7,208
|
That's too bad.
|
|
|
|
|
12-11-2010, 01:33 PM
|
#12 |
|
To shreds, you say?
Join Date: Aug 2004
Location: in the house and on the street-how many, many feet we meet!
Posts: 18,449
|
That strategy sounds not unlike the war on drugs and terrorism, create a demand for a product (degree) put that product out of people's reach (cost) but make having it an imperative (job requirement) offer money to fund purchase (loan) neglect to tell borrower that even with the degree their earning power will not be likely increased to the point where the degree purchase is justified but offer counseling discouraging them from borrowing too much.
The other problem for the school is if the student doesn't borrow they don't fill the seat... One of the problems with defaulting on a student loan in NYS is that you are ineligible to apply for a state job (which is stupid, you'd think they'd want you employeed where they could garnish your wages as a term of employment, but whatever) and you are also not eligible for some types of state aid, again, kind of stupid, if you can't afford to pay for your loans, then maybe you might be in need of public assistance too, and if you are just defaulting despite ability to pay, then you probably won't be applying or eligible for public assistance. I remember reading, about the time when they changed the rules about discharging student loan debt with bankruptcy, that the majority of money owed by defaulters was from doctors and lawyers who felt that they didn't really need to repay their loans. Maybe you have more info on that alleged factoid, Shawnee.
__________________
The internet is a hateful stew of vomit you can never take completely seriously. - Her Fobs |
|
|
|
|
12-11-2010, 01:34 PM
|
#13 | |
|
To shreds, you say?
Join Date: Aug 2004
Location: in the house and on the street-how many, many feet we meet!
Posts: 18,449
|
Quote:
__________________
The internet is a hateful stew of vomit you can never take completely seriously. - Her Fobs |
|
|
|
|
|
12-11-2010, 01:42 PM
|
#14 |
|
Person who doesn't update the user title
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
|
Ft3, that strategy is exactly what (some of ?) the "for profit" colleges have used,
and the Feds are starting to do something about it... Maybe the Feds are going to make such colleges ineligible for the individual grants and/or guaranteed loans. Such colleges are fighting back with ads on TV are running now. Once you see one, the spiel makes more sense. |
|
|
|
|
12-11-2010, 01:44 PM
|
#15 | ||
|
Why, you're a regular Alfred E Einstein, ain't ya?
Join Date: Jun 2006
Posts: 21,206
|
Quote:
What you just said is part of the reason for our new restrictions and the new position: identify WHO is defaulting, and why. It's a fact that students who succeed (reach their educational goal) are more likely to stay out of default. Student retention is a college-wide initiative. Also, the "not telling" part is exactly why proprietary schools are under such attack. A lot of money for credits that will never transfer, unbeknownst to the student often until it is too late. Let's face it, I work for a CC: I see way too many people who really have no interest in being there. I also see people who have successfully turned their life around. Providing the access to all results in the attrition...but the benefits for those who make it are immeasurable. Quote:
__________________
A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby |
||
|
|
|
|
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
Linear Mode
