Does anyone know anything about this? Specifically and in all seriousness, how does one get on the wait list and what are the criteria?
I found that later in the day. I'm researching specifics, but it may not be possible.
Thank you though.
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It's not a charity, but I paid off my student loan by joining the military. Its an alternate to the GI Bill where theyll freeze then pay off your loan in four installments over four years. Just putting that out there.
I've already used my GI bill. Though I think I didn't get paid enough before it.
I'm not a teacher. I'll have to see about the charity loan reduction thing.
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It's not a charity, but I paid off my student loan by joining the military. Its an alternate to the GI Bill where theyll freeze then pay off your loan in four installments over four years. Just putting that out there.
Im so glad you said this, im so tired of seeing able bodied young people wanting a handout when they have this as an option.
Why are so many students so set on someone else paying their bills? Seriously most of them sound like they NEVER intended to pay for that education that will never get them a job. You rarely hear folks that get technical educations doing this, but that guy with the philosophy degree.....
I have a Masters degree in Industrial Organizational Psychology and a good job. It's early in my career, but even so were it not for my partner I'd not be able to afford basic living expenses due to a mountain if debt. I'm not some beat nick or whiny kid waning the world to take care of me. I would, however, like to be out of debt before I die. I did what I had to to better myself and now I'm in a hole I may never get out of. So yea, if someone will be kind enough to lower a ladder I'm using it. I'd even do something selfless in return. I can't do much if anything selfless now because I'm too busy working my butt off.
So how about either beig helpful and productive or at least taking the judgement elsewhere? Thanks.
It's not a charity, but I paid off my student loan by joining the military. Its an alternate to the GI Bill where theyll freeze then pay off your loan in four installments over four years. Just putting that out there.Im so glad you said this, im so tired of seeing able bodied young people wanting a handout when they have this as an option.
I was in the military for 8 years. It's not the solution people seem to think it is.
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Why are so many students so set on someone else paying their bills? Seriously most of them sound like they NEVER intended to pay for that education that will never get them a job. You rarely hear folks that get technical educations doing this, but that guy with the philosophy degree.....I have a Masters degree in Industrial Organizational Psychology and a good job. It's early in my career, but even so were it not for my partner I'd not be able to afford basic living expenses due to a mountain if debt. I'm not some beat nick or whiny kid waning the world to take care of me. I would, however, like to be out of debt before I die. I did what I had to to better myself and now I'm in a hole I may never get out of. So yea, if someone will be kind enough to lower a ladder I'm using it. I'd even do something selfless in return. I can't do much if anything selfless now because I'm too busy working my butt off.
So how about either beig helpful and productive or at least taking the judgement elsewhere? Thanks.
You might be trying to do the right thing and would simply like help if it is out there but i am so tired of hearing it from so many college kids. I mean half of the occupy movement was whiny kids wanting out of the bills they chose to rack up for themselves. That said, you are working and ex military so you are an example of folks that do deserve some help and that maybe the cost of education is too damn high
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I was in the military for 8 years. It's not the solution people seem to think it is.It's not a charity, but I paid off my student loan by joining the military. Its an alternate to the GI Bill where theyll freeze then pay off your loan in four installments over four years. Just putting that out there.Im so glad you said this, im so tired of seeing able bodied young people wanting a handout when they have this as an option.
Beats all of the young people around me on welfare, it is honest work and helps if not fully covers school.
We're on the same side about kids wanting the world handed to them. This is the result of the "everyone gets a trophy" generation. What are they called now? Millineals?
Also, I couldn't stay in the military and make it a career because in gay. This was before DADT was repealed. I just wasn't willing to live that lie. If things were the way they are now about 15 years ago I'd probably have made a career out of the Air Force. But what's done is done. I digress.
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The problem with the current education finance system is very similar to the problem with the mortgage crisis. It is the lack of verification of the borrowers ability to repay. Students are sold on college as the means to make more money over their lifetime and in return you may need to pay some of those extra earnings back as loans. This is a fair set up, if getting a college degree actually leads you to making more money so that you can repay the loans. The problem is that these days a college degree does not necessarily make you enough extra money that paying back the student loans is feasible. The money loaned out is based on speculation and is equivalent to doing mortgages with stated income (so called liar loans).
The other problem is that the very existence of certain college financing rules (like 90-10) pushes the costs of college upwards without an equivalent increase in the value of having a college loan (you don't make more money over your lifetime because college costs more). The whole system is just another bubble, like the mortgage crisis, waiting to explode.
That said the current system does have a lot of support built in and the companies servicing your student loans are pretty good about working with people through tough times. Education is vitally important to the future of our country (id go so far to say it is a national security issue) and how we finance the education of our youth is extremely important. This is something that needs serious intelligent reform so that our future workforce can have the education needed to succeed.
If I hadn't gone further in debt to get a masters I'd never have come near being able to
Pay off my undergrad loans. I knew what I was doing, but the consequences of not doing so would have been far worse.
Maybe I can throw done charity parties for myself. Lol. How funny would that be?
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In Australia the government subsidises some of your tertiary eduction fees - you are also able to defer payment of your fees through a HELP loan.
Students in full fee courses can obtain a FEE-HELP loan from the Government up to a lifetime limit of $112,134 for medicine, dentistry and veterinary science programs and $89,706 for all other programs.
HELP debts are administered by the Australian Taxation Office and will be repaid compulsorily over time through the taxation system. If the HELP Repayment Income (HRI) of a person with a HELP debt exceeds a certain threshold, which for the 2007/08 financial year is $39,825, a compulsory payments will be deducted from the person's tax for the year.
Unlike marginal tax rates, the repayment rate applies on the full HRI, so that a person with a HRI of $39,500 in the 2007/08 tax year would not have to make any compulsory HELP repayment, but a person with a HRI of $40,000 would make a payment of $1,600. This is 4% of the HRI (not taxable income or the debt balance) of $40,000. The compulsory repayment amount cannot exceed the balance of the HELP debt.
It is also possible to make voluntary payments to further reduce the debt. Until 31 December 2004 voluntary payments over $500 earned a 15% bonus, from 1 January 2005 this was reduced to 10% and from January 1, 2012 this was reduced to 5%
For lower income families you are paid a government Youth Allowance and if you are over 25 and are doing it hard there is Austudy... both pay the minimum to pay for rent and food.
I have paid off my HELP loan without making voluntary payments - It came out of my tax, without it I would not have been able to go to university, I would not have landed the excellent job I have and I would not be paying the shed load of Tax that I pay (I dont mind paying either Patriots pay taxes to improve their country, Traitors dodge taxes because they are selfish s~+*-heads).
So the government made an investment in me and got a higher bracket of tax payer out of me = win win for everybody... For me, for my country, and for the kid my taxes are putting through Uni.
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Also, I couldn't stay in the military and make it a career because in gay. This was before DADT was repealed. I just wasn't willing to live that lie. If things were the way they are now about 15 years ago I'd probably have made a career out of the Air Force. But what's done is done. I digress.
Understandable, but you did put in enough years that im surprised you did not get more for school. you earned more than many that get plenty of "help"
Also, I couldn't stay in the military and make it a career because in gay. This was before DADT was repealed. I just wasn't willing to live that lie. If things were the way they are now about 15 years ago I'd probably have made a career out of the Air Force. But what's done is done. I digress.Understandable, but you did put in enough years that im surprised you did not get more for school. you earned more than many that get plenty of "help"
I wasn't as focused in my early 20's as I now. :-)
I'm in the USA, dwarf.
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Why are so many students so set on someone else paying their bills? Seriously most of them sound like they NEVER intended to pay for that education that will never get them a job. You rarely hear folks that get technical educations doing this, but that guy with the philosophy degree.....
Wow, nice stereotypes there.
I'm in the USA, dwarf.
Yeh sorry it doesn't help you... In my rambling way I was trying to say investing in students increases your tax base and is good for your country in the long run.
Some of the posters here are very short term thinkers.
I wish you luck TCG I hope you find a way to alleviate your financial concerns.
Best of luck TCG. I had not realized you were a vet already. Thank you for your service. It's too bad your GI Bill didn't strech to cover all of your expenses. My wife is dealing with a horrible student loan herself, a one-year school will cost us $60K if you factor the interest in over a 10-year period. And she ended up with a $9/hr job in the field she studied. =(
I think a lot of these colleges have to start thinking about running a bit more 'lean and mean'. More young people are going to start heading to trade schools, where for a fraction of the cost you can actually get skills that are translatable into a fairly-lucrative job. All without an expensive sports program and an overlarded Administration department.
Tiny Coffee Golem,
Thank you for serving in our military! Have you looked into the Air National Guard? Some career fields have a Student Loan Repayment plan. Mine did. It wouldn't hurt to ask a recruiter about it. 6 more years of part time service in return for $10,000 or $15,000 loan forgiveness is a pretty good deal.
I used it to help pay off my student loans. But I enlisted about 12 years ago. I've got another 8-10 years before I get out of the Guard.
Also, you could take a look at Dave Ramsey's strategies for getting out of debt and living debt free. Ignore the faith side of things if you choose, the financial advice is still valid. His plan certainly helped my family to get out of debt.
-Aaron
I, alas, have no helpful advice for TCG.
The trouble with that is that many of the trade schools are for-profit scams. The for-profit colleges are worse.
I read this pretty horrifying article awhile ago about (I think UofP, but I'm not sure) recruiters going around and getting homeless kids to sign up and giving them all kinds of life assistance until the federal aid money came rolling in and then they'd drop 'em and then the kids would invariably drop out with no hopes of ever paying back the loans.
The thin veneer is being rubbed off of most college education, both for- and not-for-profit(is there such a thing?). There really is little reason for college to be as expensive as it is today(NOTE- I am NOT, repeat , saying college should be FREE) other than scantily clad greed. It's easy to say kids want things handed to them, but when you're offering a relatively raw deal of doing things the right way and ending up with years upon years of crippling debt with the possibility of a job if someone retires and doing things the wrong way and really only being in trouble if you get caught, you have to look at the choices being offered along with those who are making choices you don't care for.
(NOTE- I am NOT, repeat , saying college should be FREE)
Yeah, that's what they have me around for:
Education is a right! College should be free!
Also,
School sucks!
For the record I'm not destitute, but I do depend on my partner financially more than I want to. Assuming my career picks up over the next few years as it should it'll become increasingly easier. However, I'm not the kind to rely on a single route to victory.
This thread has actually given me an idea. I need to do some research, but this is the age of the internet. I intend to use it. ;-)
Once I get a few plans in place I'll have more to say. Paizonians and this impressive community will be an integral part.
Being permanently disabled and living on a tiny fixed income, such a service would be invaluable to me.
I look forward to seeing what you come up with, TCG.
To me, the real question is how many people stuck with their first major? I'm not the same man I was when I first got into college, and I changed majors twice before I found something that was really for me that would pay. Not that I'm wealthy now, but whatever.
Freehold, can I ask if you've paid back your student loans? No insult, but for those who don't graduate, school loans are near insurmountable. (Not that that they're cheap for those who get a degree.)
In New York State, a state agency which used to be called New York State Department of Vocational Rehabilitation ( it changed its name and i'm unsure of its current one )can pay for educational training/tuition costs and many other ancillary costs such as special equipment necessary for the student. One has to apply to that agency and meet their lenghty requirements in order to prove that the applicant has a permanently handicapping condition. This agency must approve expenditures for these purposes before they are incurred by the student. I have no idea as to whether this agency retroactively can provide assistance. Students in other states should call their state governments to see if they have similar programs for the handicapped.
Pell Grants (named after Claiborn Pell, Senator from Rhode Island) are exactly that sort of thing. It's a federal program, and that's why big government is a sin. :P
(No, it's never retroactive.)
Edit: No handicapped requirement for the Pell Grant, you can just apply.
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My advice to any student considering college would first be to consider a community college for the first two years as tuition at these institutions is generally much lower. Live at home if possible to save costs. Choose your major very carefully, as few real jobs may be available for students majoring in certain subjects. Make a financial plan so you'll know beforehand how much college is going to cost, and whether you can afford it without going into a life of perennial debt.
You know some people go to college for more than just their job prospects, right? And a community college may not provide the quality of education that they want.
I have a ton of student loans that I am still paying off. I didn't live with my parents. I chose my major based on what I enjoyed studying (I was planning to go to law school, so as long as I had good grades and could write, the particular major didn't matter). I chose my school because I wanted a solid, well-rounded classical liberal arts education, not because it would help me get a job (except in the sense that having a degree at all makes it easier to get a job), but because I think that having a well-rounded education helps you become a more complete human being.
I will be paying off my student loans for a long time, and I wouldn't change what I did to be more cost-effective. I wanted an education, not a certificate that said I was qualified to do Job X, and I absolutely believe that I made the right choice. I am glad I lived away from home -- it made me more independent, it gave me a chance to grow up a bit and separate myself psychologically from my parents, and I had fun. I am glad I chose a major that let me study what interested me with professors that loved their fields of study, rather than just taking classes to make myself more marketable. I took some classes purely out of curiosity. I didn't work for the first two years, and lived on my loans, so I could focus on my studies.
There have been times in my life when it was extremely difficult to make my loan payments, but even then I wouldn't have done things differently. My college experience is one of the primary things that made me who I am.
Your advice might be good for some people, but it is absolutely wrong for others. You only get to do college once (for most people), and the experience is about a lot more than just finding a job.
(Honestly, if you go to college purely for job prospects, given how hard it is for many people to find jobs even with good grades and degrees, you're liable to feel you didn't get your money's worth even if you can well afford it.)
Give it time. Soon enough you will need a uni exam to be allowed to clean.
@Jessica Price- Perhaps it's different where you are, but I have the fortune to live near in an area with a terrific community college system. I've been going there for two years and they have a pretty astonishing variety of courses, including many that the local university send students here to take! Basically, I think you're selling the CC option short.
I think what MK was talking about is precisely what I've done: go to community college on the cheap, take a bunch of boring gen eds, and transfer to a proper university. Take upper levels there once your 101s are out of the way. I just started at University of Wisconsin this month. I get looked down on because I'm a transfer student but honestly? It's pure arrogance; I'm extremely happy with the quality of education at MATC.
It's sort of a function of economics. University tuition costs are skyrocketing--UW's price has gone up like 9% a year! So CCs have stepped in to provide general education and as such have moved to attain course equivalency with universities for transfer opportunities.
To anyone giving students grief for needing relief on their loans (I'm looking--no, glaring--at you, Andrew R) allow me to share a couple anecdotes.
When my mom first went to college in 1974, tuition for a semester was $200. She took out loans for tuition and paid for room and board by working as an undergraduate assistant, which paid $12/hr. Not the equivalent of, mook jobs on campus paid 12/hr in the 1970s. She graduated with a masters and went directly into a professional job and paid all her student loans back within one year. Oh, and her student loans were at 1%, which was considered high back then.
My girlfriend got a free ride for her undergraduate through a scholarship program that her father's work provided. All kids of employees get a free ride as long as they keep a 3.0 GPA. As a cost-saving measure, her dad's employer nixed the scholarship program--the only reason he'd continued to work there for 20 years, so that he could provide his children with a quality education, yanked from under him.
She decided to continue on with her Master's degree. The two years (that's 4 semesters, 48 credits) of graduate study cost her $60,000!! The base interest rate today is 6.8%, which is higher than home or car loans. The best job available on campus paid $8.50 an hour, and that one used skills she learned as an undergraduate! Her loan payments are more than our rent, and will take a decade to repay. She got extremely fortunate and landed a job making $40k, but because of her loan payments, she still lives like a student.
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To anyone giving students grief for needing relief on their loans (I'm looking--no, glaring--at you, Andrew R) allow me to share a couple anecdotes.
When my mom first went to college in 1974, tuition for a semester was $200. She took out loans for tuition and paid for room and board by working as an undergraduate assistant, which paid $12/hr. Not the equivalent of, mook jobs on campus paid 12/hr in the 1970s. She graduated with a masters and went directly into a professional job and paid all her student loans back within one year. Oh, and her student loans were at 1%, which was considered high back then.
My girlfriend got a free ride for her undergraduate through a scholarship program that her father's work provided. All kids of employees get a free ride as long as they keep a 3.0 GPA. As a cost-saving measure, her dad's employer nixed the scholarship program--the only reason he'd continued to work there for 20 years, so that he could provide his children with a quality education, yanked from under him.
She decided to continue on with her Master's degree. The two years (that's 4 semesters, 48 credits) of graduate study cost her $60,000!! The base interest rate today is 6.8%, which is higher than home or car loans. The best job available on campus paid $8.50 an hour, and that one used skills she learned as an undergraduate! Her loan payments are more than our rent, and will take a decade to repay. She got extremely fortunate and landed a job making $40k, but because of her loan payments, she still lives like a student.
Yep but that is not the same as the 12 years of extended childhood i have seen from some, or the selecting majors they damn well knew ahead of time had piss poor job prospects but sounded fun and then the inevitable b@$%&ing and crying about how hard it is to pay for. If you want the pricey schools or the fun classes you do not need for a job fine, suck it up and pay for it. Jessica is a fine example, she did what she wanted and owns the debt like a responsible adult. nothing wrong with that if this is what you really want. But you do not get to have a decade of play then demand someone else pay the piper like some spoiled child. maybe the cost IS too high for serious students, but refusing to pay your bills is not the answer. So glare away, i have no sympathy for the ones that want to act like children into their mid twenties instead of making smart choices like military, community colleges and intelligent choice of major
Freehold, can I ask if you've paid back your student loans? No insult, but for those who don't graduate, school loans are near insurmountable. (Not that that they're cheap for those who get a degree.)
I used a combination of financial aid and the money my grandmother left for me, plus money that I had from working during college. It was a dangerous and difficult dance, and I almost ended up getting a loan my..ah..extra senior year, but I ended up not getting any. I graduated with my batchelors in psychology and I have been working in mental health ever since- a decade this year. I am going for my master's this year, and I'm hoping to get my PHD sometime during.
Yep but that is not the same as the 12 years of extended childhood i have seen from some, or the selecting majors they damn well knew ahead of time had piss poor job prospects but sounded fun and then the inevitable b!++$ing and crying about how hard it is to pay for. If you want the pricey schools or the fun classes you do not need for a job fine, suck it up and pay for it. Jessica is a fine example, she did what she wanted and owns the debt like a responsible...To anyone giving students grief for needing relief on their loans (I'm looking--no, glaring--at you, Andrew R) allow me to share a couple anecdotes.
When my mom first went to college in 1974, tuition for a semester was $200. She took out loans for tuition and paid for room and board by working as an undergraduate assistant, which paid $12/hr. Not the equivalent of, mook jobs on campus paid 12/hr in the 1970s. She graduated with a masters and went directly into a professional job and paid all her student loans back within one year. Oh, and her student loans were at 1%, which was considered high back then.
My girlfriend got a free ride for her undergraduate through a scholarship program that her father's work provided. All kids of employees get a free ride as long as they keep a 3.0 GPA. As a cost-saving measure, her dad's employer nixed the scholarship program--the only reason he'd continued to work there for 20 years, so that he could provide his children with a quality education, yanked from under him.
She decided to continue on with her Master's degree. The two years (that's 4 semesters, 48 credits) of graduate study cost her $60,000!! The base interest rate today is 6.8%, which is higher than home or car loans. The best job available on campus paid $8.50 an hour, and that one used skills she learned as an undergraduate! Her loan payments are more than our rent, and will take a decade to repay. She got extremely fortunate and landed a job making $40k, but because of her loan payments, she still lives like a student.
So..everyone who doesn't do what you want is damned? As usual, it sounds like you're blowing things out of proportion.
Give it time. Soon enough you will need a uni exam to be allowed to clean.
We're heading in that direction, it looks like. And that's terrifying.
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Your advice might be good for some people, but it is absolutely wrong for others. You only get to do college once (for most people), and the experience is about a lot more than just finding a job.
(Honestly, if you go to college purely for job prospects, given how hard it is for many people to find jobs even with good grades and degrees, you're liable to feel you didn't get your money's worth even if you can well afford it.)
Pretty much this. There's no 100% right answer.
I never finished college, despite starting twice. I have no interest in going back, and given that I'm permanently single and have an extremely low standard of living, that's okay by me. I have a job I enjoy, which while it doesn't pay much it's steady work and has great benefits and no coworkers who make me want to tear my hair out, and the worst part of the whole thing is one month of mandatory overtime. It gets me by and pays the necessary bills while I do the thing I want to do - write, which doesn't require a college degree.
I'm near to finishing paying off my loans, which were pretty overwhelming despite only completing about a year and a half of classes (if that). It's also taught me a valuable lesson about dealing with money, namely that - at least speaking only for myself - I'd rather do without something than ask someone else to pay for it then pay them back. This is gonna delay me moving back out by a year or so, as I refuse to get a car loan and I won't be able to move out until I have my own vehicle rather than borrowing my parents' spare, but that's the price I've decided to pay. It also means I'll probably never own a home, which I'm also okay with (I'm never going to marry, never going to have kids, why would I need one?).
It's not for everyone, admittedly. I wouldn't have it any other way, myself. I also wouldn't take back the two years of wasted schooling I am currently paying off - it got me out to Arizona, which let me meet one of my two best friends and my now-sister-in-law, and got me eight years of work and life experience.