|
Tab Menu 1
| Fellowship Hall The place to go for Fellowship & Fun! |
 |
|
01-29-2013, 06:20 PM
|
|
Registered Member
|
|
Join Date: Oct 2011
Posts: 5,600
|
|
|
Re: Robbery
There are no more guarantee student loans.
Used to be a student did not have to pay interest or on the loan until 6 months after they get out of college. The government paid the interest for them.
Now any student loan taken out has interest on it starting the first day the money is borrowed. There is no 6 month deferment. By the time the student graduates, there is interest on the interest, which if you do not pay the interest accrued while in school, that interest gets added into the loan, along with the tuition and books.
It is pure financial rape on the young who do not even have a chance to get a good start in life.
Again...what is Congress thinking? Who gave them their start in life? Who elects them into office?
__________________
It is better to trust in the LORD than to put confidence in man. (Psalms 118:8)
|
01-29-2013, 06:23 PM
|
 |
Registered Member
|
|
Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
|
|
|
Re: Robbery
Quote:
Originally Posted by AreYouReady?
There are no more guarantee student loans.
Used to be a student did not have to pay interest or on the loan until 6 months after they get out of college. The government paid the interest for them.
Now any student loan taken out has interest on it starting the first day the money is borrowed. There is no 6 month deferment. By the time the student graduates, there is interest on the interest, which if you do not pay the interest accrued while in school, that interest gets added into the loan, along with the tuition and books.
It is pure financial rape on the young who do not even have a chance to get a good start in life.
Again...what is Congress thinking? Who gave them their start in life? Who elects them into office?
|
It is financial rape. I could not believe the amount of interest I had to pay to pay this loan off a couple months out from school.
__________________
Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
|
01-29-2013, 06:58 PM
|
 |
Administrator
|
|
Join Date: Feb 2007
Posts: 16,848
|
|
|
Re: Robbery
Quote:
Originally Posted by ILG
I really disagree with your thought process. Here is why. They give out quite a bit of (what at first seems to be) free and easy money to these kids who have no idea what a dollar earned means. These kids borrow more than they should and have boatloads back to pay.
Back in the day, tuition was cheap. Now, since guaranteed student loans have become available, college costs have skyrocketed! Do you see the correlation? The kids are paying some pretty hefty salaries and the like. Now, tuition is way, way up there and, while the Fed holds interest rates at zero, the government is charging 6.8%!!!
If you play your cards right (no pun intended) your credit cards will be zero percent interest, as ours are. I tried to pay off my loan today on my credit card so I could get 1% cash back. Then, I was going to turn around and pay the credit card off. Do you know they would not let me?? I think I know why. The government knows that you CANNOT DECLARE BANKRUPCY ON STUDENT LOAN DEBT. The benevolent government does not allow you out of your student loans for ANY reason, but they know that credit cards are unsecured debt. Looks like they are in bed with the credit card companies on that one.
If I am smart enough to make money on money they loan me rather than pay through the nose 6.8% interest forever more, more power to me, I'd say.  It is not misuse, it's smart use. The money was offered to me because I was in school. I took it and I payed it off. |
One of the reasons they probably did not let you pay off the student loan with a credit card is it cost them about 2-2.75% when you do that.
Regarding kids getting in over their heads with student loans I would ask where are the parents? What happened to personal responsibility? No one makes a person take a student loan out.
When my youngest son first went off to college after his two minor scholarships were taken into account he still owed a chunk. His University was part of a cool program that let parents take the balance due and pay it in 12 monthly payments with no interest. My son took out a student loan for a portion and I paid about $6,000 of it over those 12 payments myself. The next year I had to get a parent loan for around $4,000 that I am still paying on!
You are correct that the huge amounts in student loans people are leaving college with is a huge problem.
I also think, as I believe you do, that there is a correlation between Colleges and Universities getting away with huge tuition and fee increases and them pushing student loans. If students did not have this easy way of overcoming the huge costs there would be an outcry in the public. Ultimately I still blame the parents though.
Oh, and in the case of my SIL who has somewhere around $130,000 in student loans to payoff it is kind of funny that now that he may want to teach school he will need another $4,000 in schooling to get a teaching certificate. Arghhh!!!!
__________________
"I think some people love spiritual bondage just the way some people love physical bondage. It makes them feel secure. In the end though it is not healthy for the one who is lost over it or the one who is lives under the oppression even if by their own choice"
Titus2woman on AFF
"We did not wear uniforms. The lady workers dressed in the current fashions of the day, ...silks...satins...jewels or whatever they happened to possess. They were very smartly turned out, so that they made an impressive appearance on the streets where a large part of our work was conducted in the early years.
"It was not until long after, when former Holiness preachers had become part of us, that strict plainness of dress began to be taught.
"Although Entire Sanctification was preached at the beginning of the Movement, it was from a Wesleyan viewpoint, and had in it very little of the later Holiness Movement characteristics. Nothing was ever said about apparel, for everyone was so taken up with the Lord that mode of dress seemingly never occurred to any of us."
Quote from Ethel Goss (widow of 1st UPC Gen Supt. Howard Goss) book "The Winds of God"
|
01-29-2013, 07:08 PM
|
 |
Supercalifragilisticexpiali...
|
|
Join Date: Feb 2007
Posts: 19,197
|
|
|
Re: Robbery
Finanicial Peace University anyone?
__________________
"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
|
01-29-2013, 08:19 PM
|
|
Registered Member
|
|
Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
|
|
|
Re: Robbery
Quote:
|
One of the reasons they probably did not let you pay off the student loan with a credit card is it cost them about 2-2.75% when you do that.
|
Yes, but I would venture to guess that the credit card companies are in cahoots with the government on that because they do not want large amounts of unsecured debt.
Quote:
|
Regarding kids getting in over their heads with student loans I would ask where are the parents? What happened to personal responsibility? No one makes a person take a student loan out.
|
A couple of things here. Students are encouraged by the universities to break away from their parents and make their own decisions. Did you know that parents are not allowed to know the kids grades even if they are paying for the classes? Kids can take out loans without parental consent. I agree that the kids need responsibility but they really have very little frame of reference at that age.
Quote:
|
When my youngest son first went off to college after his two minor scholarships were taken into account he still owed a chunk. His University was part of a cool program that let parents take the balance due and pay it in 12 monthly payments with no interest. My son took out a student loan for a portion and I paid about $6,000 of it over those 12 payments myself. The next year I had to get a parent loan for around $4,000 that I am still paying on!
|
Sounds like a nice program. My daughter has student loans but she lived at home most of the time she was in college and we always counselled her not to take out too much. She still owes more than I would like (any would be more than I would like) but she says she is better off than most of her peers.
Quote:
|
Youge problem.u are correct that the huge amounts in student loans people are leaving college with is a h
|
Yes, it is a definite problem.
Quote:
|
I also think, as I believe you do, that there is a correlation between Colleges and Universities getting away with huge tuition and fee increases and them pushing student loans. If students did not have this easy way of overcoming the huge costs there would be an outcry in the public. Ultimately I still blame the parents though.
|
When they start talking at the universities how things are "for the kids" I raise an eyebrow. Does anybody know how much salary has raised percentage-wise for professors and other college employees verses regular employees since student loans became available?
This chart is interesting.
http://chronicle.com/article/Average...ies-by/126586/
Quote:
|
Oh, and in the case of my SIL who has somewhere around $130,000 in student loans to payoff it is kind of funny that now that he may want to teach school he will need another $4,000 in schooling to get a teaching certificate. Arghhh!!!!
|
That is ridiculous.
__________________
Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
|
01-29-2013, 08:28 PM
|
|
Registered Member
|
|
Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
|
|
|
Re: Robbery
__________________
Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
|
01-29-2013, 09:54 PM
|
|
Registered Member
|
|
Join Date: Jul 2007
Location: AZ
Posts: 16,746
|
|
|
Re: Robbery
I am not paying one DIME of my kids college tuition when he start attending. I will help him out with a new laptop or some other misc expenses, but he will be 100% on the hook for everything else.
|
01-29-2013, 09:55 PM
|
|
Administrator
|
|
Join Date: Feb 2007
Posts: 16,848
|
|
|
Re: Robbery
Quote:
Originally Posted by Hoovie
Finanicial Peace University anyone?
|
I just passed by Dave's building last week!
__________________
"I think some people love spiritual bondage just the way some people love physical bondage. It makes them feel secure. In the end though it is not healthy for the one who is lost over it or the one who is lives under the oppression even if by their own choice"
Titus2woman on AFF
"We did not wear uniforms. The lady workers dressed in the current fashions of the day, ...silks...satins...jewels or whatever they happened to possess. They were very smartly turned out, so that they made an impressive appearance on the streets where a large part of our work was conducted in the early years.
"It was not until long after, when former Holiness preachers had become part of us, that strict plainness of dress began to be taught.
"Although Entire Sanctification was preached at the beginning of the Movement, it was from a Wesleyan viewpoint, and had in it very little of the later Holiness Movement characteristics. Nothing was ever said about apparel, for everyone was so taken up with the Lord that mode of dress seemingly never occurred to any of us."
Quote from Ethel Goss (widow of 1st UPC Gen Supt. Howard Goss) book "The Winds of God"
|
01-30-2013, 08:39 AM
|
|
Registered Member
|
|
Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
|
|
|
Re: Robbery
Quote:
Originally Posted by RandyWayne
I am not paying one DIME of my kids college tuition when he start attending. I will help him out with a new laptop or some other misc expenses, but he will be 100% on the hook for everything else.
|
That's pretty tough on the kid. My daughter is on the hook for her loans but as I said, she lived with us so it cut her expenses in half.
__________________
Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
|
01-30-2013, 08:48 AM
|
 |
Renewed
|
|
Join Date: Oct 2007
Location: Arkansas
Posts: 5,432
|
|
|
Re: Robbery
Quote:
Originally Posted by Hoovie
Finanicial Peace University anyone?
|
Took it.
Got the Tshirt.
Has been a tremendous blessing for my family.
Wish I had taken it years ago.
Made my 18 yr old daughter take it.
She is now looking to start college this year on nothing but scholarships.
__________________
You can't reach the world with your talents. People are sick and tired of religious talents. People need a Holy Ghost annointed church with real fruits to reach out and touch their lives. ~ Pastor Burrell Crabtree
In fact I think that the insinuation of "hateful" Pentecostals is coming mostly from the fertile imaginations of bitter, backslidden ex Apostolics who are constantly trying to find a way to justify their actions. ~ strait shooter
www.scottysweb.com
www.chrisscottonline.com
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|
|
All times are GMT -6. The time now is 11:28 PM.
| |
Linear Mode
