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 information go to www.usnews.com
01
Mar
Surviving Student Loans and College Debt
Filed under Scholarship | 10 Comments
Tags: advice, aid, college, Education, federal, financial, grants, loans, News, Report, Scholarships, student, tips, US, World
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 tab, 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 newsletter and did it alone.
Your going to get slammed with more debt than you can ever imagine if you go to med or pharm school. They don’t make near uch money as they used to but the educations are well over 200k. The party’s over for Doctors. I’m in the boat too. Be a doctor because you delight in it, not for the money.
its simple really colleges are a huge 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 everyplace 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.
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 huge 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.
Now they tell me
All Right,,,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 pay packet when you do work and take your income tax return money and then after years of paying them owing to 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 tab
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.