Got Student Loans?

Total Head

Total Head

Well-Known Member
10 years ago i worked for a consolidation company for student loans. more than half of these people had over 60k in debt, many of them in 6 figures.

i myself only had around 5k to pay after financial aid and going to community college (i attended 10 years ago. credits have doubled in cost since then). i eventually paid them because they were going to garnish my wages, which would have been fine, but the company i worked for was going to charge me "office fees" to process the wage garnish, so it was cheaper to just come up with a payment plan through the bill collector.

i ended up paying 8 years after school when i had actual wages to speak of (barely). fucked up part is i had already paid about $1,500 but ended up racking up almost 3k in interest. i was too much of a lazy fucking moron to apply for deferments. all the more pathetic since i worked for a loan place and knew how this shit worked. ah, the early twenties. such a great time to learn financial life lessons.
 
tip top toker

tip top toker

Well-Known Member
In the UK the government tried to make it illegal for people to pay their loans back too soon because kids with good jobs or richer parent were paying them off before they'd built up enough interest to make the government happy.
 
konagirl420

konagirl420

Well-Known Member
Wow what jerks they are just like car loans that penalize for early payments, greedy and just wanna make money.
 
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xKuroiTaimax

Well-Known Member
MysticMorris said:
Ah maybe bursery is a term in the UK only. It was a a wad of money that the government used to give to all students in Higher eduction. They used to pay us to go to Uni - fees and everything. In Scotland they pay your fees for you still. Thats right you can get a free degree in Scotland. Anyone can.

Now burserys are gone but there are a few Scholarships around, you have to fight tooth and nail to get most of them though.
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As far a s I know a bursary can be awarded for criteria other than academic merit (like you are from a low-income family). Scholarships are often awarded for merit and skill in a particular field to facilitate talented students. Like if you were really good at music but couldn't afford the fees, you could get in on a music scholarship. Something like that...


Padawan... wow, that's some crazy money... But you can study more than just ONE subject in the whole 3/4 years you're there right? Combined honors degrees aren't that common here and you spend the entire time in ONE set of classes, meaning if you screw up for one segment you're pretty much screwed for that year... I mean I'm doing combined honors but I will still literally have three years of writing class and art class every single day.
 
Padawanbater2

Padawanbater2

Well-Known Member
xKuroiTaimax said:
Padawan... wow, that's some crazy money... But you can study more than just ONE subject in the whole 3/4 years you're there right? Combined honors degrees aren't that common here and you spend the entire time in ONE set of classes, meaning if you screw up for one segment you're pretty much screwed for that year... I mean I'm doing combined honors but I will still literally have three years of writing class and art class every single day.
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If I understand you correctly, I think you might be talking about double majors, triple majors? That type of thing? I believe if you do that it's more expensive as it's paid on a class by class basis, so, two majors, twice as expensive, maybe not though as the first two years in college tend to be GE courses, so ~30% more expensive than just a single major. It's much cheaper if you go to a jr college to get the GE courses out of the way and then transfer to a University. I think it's about $1,500-$2,000/semester, so you'd save quite a bit.
 
X

xKuroiTaimax

Well-Known Member
Padawanbater2 said:
If I understand you correctly, I think you might be talking about double majors, triple majors? That type of thing? I believe if you do that it's more expensive as it's paid on a class by class basis, so, two majors, twice as expensive, maybe not though as the first two years in college tend to be GE courses, so ~30% more expensive than just a single major. It's much cheaper if you go to a jr college to get the GE courses out of the way and then transfer to a University. I think it's about $1,500-$2,000/semester, so you'd save quite a bit.
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There you see

It depends on the college you attend, but general education courses usually include English comp., science, history, government, arts, and assorted. General education online courses in over 80 subject including: math, science, language arts, music, art, psychology and special education.



Read more: http://wiki.answers.com/Q/What_are_general_education_courses#ixzz25UZwrAYp
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in England it's just 3 solid years of that class/specialist subject so you can't spread out your successes and failures. Just have to be on the ball and good at everything consistently. All it takes is one failed module and they tell you to consider retaking a year.

There are combined honors as in one major and one minor and 'double degrees' that are you studying to the same level as a full degree in each subject in the same timeframe. They have support groups for the crazy people that do that. I think it's nuts enough doing one subject. Maybe i just picked a coursework-intensive subject with an unyielding timetable because i never had time to catch a break. All I did was work/smoke during my lunch break, come back, work at home till 11pm, eat dinner go back upstairs and work/try to stay sane on RIU until 4-5 am, faff around in a half-asleep stupor until 7 and go back to uni again. Depressing as shit.
 
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