Financial Information
Surviving Student Loans and College Debt
debt loans
By carefully choosing student loans, grants, and scholarships as part of your entire college financial aid package, you can avoid going into heavy college debt. Kimberly Palmer, senior editor for US News, discusses financial aid tips to help in paying for college and minimizing student debt and the differences between private loans and federal college loans. For more college financial aid advice go to www.usnews.com
This entry was posted by admin on September 4, 2010 at 5:30 am, and is filed under Scholarships. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#5 written by doubleestark 1 year ago
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#6 written by Jessecraft1954 1 year ago
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
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#7 written by Moveontonumber2 1 year ago
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.
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#9 written by waverly2468 1 year ago
Yeah–I have a degree in accounting that I haven’t used for anything. I mostly lost interest in the subject after I graduated and had some office jobs that I HATED. I’m just glad that I went to a school that was cheap at the time. Today’s 20-somethings are a “lost generation” with big student loan debt and few jobs out there waiting for them. I thought they were more “street smart” than that. Instead they were scammed into going to college and wasting all that money.
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#10 written by swinggcat1 1 year ago
its simple really colleges are a big rip off unless financial aid covers for it don’t go and never take out “loans”. they just scam people and make a living off of you while you pay off those “loans” on hidden interest rates. I’m not even going to start with this college shit why do you have to spend 50k to 200k to go somewhere where you learn how to memorize useless shit then get “tested” for it and won’t ever use that “education” and forget most of it anyway give me a fucking break.
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#11 written by seanmc30 1 year ago
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#12 written by doubleestark 1 year ago
You are an accountant, and I got my degree in Business Administration. I worked as a night security guard banking all my money in BMO Monthly Income Fund getting 6 cents per 8.15 unit. and did my homework getting paid for what I had to do anyways. I graduated with 10,000 in my bank account, and 2 years later, I have 63,000 in my BMO Monthly Income Fund. As of rent, I became a Resident Advisor, which included free housing as part of benefits. I did not get parental handout and did it alone.
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#15 written by KingofDarkness16 1 year ago
@swinggcat1 Your comment = Fucking genius, i always thought the same way period about most useless things students learn in high school. You have to take this many science classes, this many math classes, language, etc but nobody ever really focuses on what the kid really wants to do with his/her life. Anyway i my point is i pretty much agree with your comment
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#16 written by ImyManz99 1 year ago
Forget this video – I’m going to give you the best possible advice right now – do not EVER get a student loan. Need to go College? Work and save up. Still not enough for law school? – find another career. You’ll thank yourself a million times in the long run. Just don’t get scammed, all interest based loans are evil.
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#17 written by 22anavdb 1 year ago
@swinggcat1 I disagree. There are some schools that are VERY affordable. If you’re not a baller, try looking at an affordable school instead of trying to go to Northwestern. Harris Stowe State University, for instance, costs 1,500 dollars a semester. Go to a small state school where you can get a part time jobs. College of the Ozarks in Missouri is FREE, because they have a heavy federal work study program. instead of downing college, find an economical way to get the degree.
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#18 written by conservative608 1 year ago
If you want to go to college, #1. Know why you want to go: what do you want to do after college? #2. Is college going to give you marketable skills to get a good job? If you major in women’s studies, you are a fool because no one hires for that. If you need that to get into law school or poly sci, make that a minor subject. #3. Don’t take out any loans for any reason! There are alternatives! 2.17 Million Unemployed College Graduates in 2009!!! US Bureau of Labor Statistics.
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#20 written by prettylyricsmarie 1 year ago
It is interesting how, in order to make money a person must borrow money. This doesn’t make much sense. By the time a person finishes college, he or she comes out in debt, where jobs don’t pay enough to pay off the debt, because most jobs are struggling financially themselves to afford to pay people anything to make some kind of a profit.
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#25 written by Quixotepr 1 year ago
You forgot advise #4: STAY AWAY FROM SALLIE MAE!! They will rip you off! The are inept keeping their accounts, they add interest, fees, and penalties and rack up your loan four, five times.They get their money from the government plus interest if you default and then collect on you with their agencies, GRC, Pioneer, Arrow. So, its to their interest that you default, they get their money and also collect from you. Their collectors dont even need a GED and are rude. STAY AWAY FROM SALLIE MAE!
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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!!