Student loans

mindserve

Right, might end up in the USA that way too.

Single Step Debugger

I started the university in Bulgaria in the middle 90s. At this time there was no way to pay for your education (excepts you are a foreign student). All high education were fully funded from the state and the only way to get there was to beat the other candidates on the entrance examination and to have a really high score in your high school grades. My chosen specialty “computer science and basic economy” was very popular so to have any chance I had to have the maximum from the high school score plus almost the maximum score in the entrance math test. There were about 200 candidates for every position and the math test was so difficult that most of the high school math teachers wouldn’t be able to solve all the problems in the test. I tried after the high school and I failed miserably. Then I was listed in the army for a year and a half, and after I retired from the army I learned math six months for the test and scored eight from all candidates with almost perfect result on the exam.

There is only one Vera Farmiga and Salma Hayek is her prophet! Advertise here – minimum three posts per day are guaranteed.

Albert Holguin

gstolarov wrote:

university of CA

Well there's the problem...

Albert Holguin

S Houghtelin wrote:

Reasonable is a relative term, compared to an ivy league school it seems more reasonable.

That's true... MIT charges about $21K per semester...

S Houghtelin

We have a couple of MIT grads where I work, they also get paid a great deal more than I, they can afford to repay their loans. :laugh:

It was broke, so I fixed it.

killabyte

We have interest free student loans here in NZ... i am 30+ and still have one because there is no incentive to pay it off any faster which is becoming problematic at a macro scale. On the other hand our university fees are not as high compared to a lot of other places around i hear. i think i remember paying from $900->$1400 (NZD) per paper i took.

charlieg

Dude - the poverty rate in the US is ~~15%. A significant portion of that is due to divorce. Even then, you will find "poverty stricken" families in the US with their iphones, flatscreen TVS, two cars. Sure, they may not be nice cars, but our definition of poverty has no relation to the real term.

Charlie Gilley You're going to tell me what I want to know, or I'm going to beat you to death in your own house. "Where liberty dwells, there is my country." B. Franklin, 1783 “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” BF, 1759

Lost User

AspDotNetDev wrote:

I expect I'll have all my debts (student loans, car, credit cards, credit lines) paid off by the time I'm 31 (perhaps sooner, depending on how my salary changes).

You do realize that your car will eventually break and you will most likely buy a new one... with a new loan. And prior to buying a new one you will think, well I can't afford a new car right now so just put it on the card... Yep put that on the card too. Yeah that too. :doh: Its maxed again :wtf: :^) It never ends. Equity type loans (e.g. house) do though in a way. But then again you may just trade in for a bigger better one.

Computers have been intelligent for a long time now. It just so happens that the program writers are about as effective as a room full of monkeys trying to crank out a copy of Hamlet.

Nish Nishant

Also, their medical benefits are phenomenal (there's a surprise). No co-pay and 100% coverage for the entire family (spouse/kids).

Regards, Nish

My technology blog: voidnish.wordpress.com You've gotta read this : Using lambdas - C++ vs. C# vs. C++/CX vs. C++/CLI

mindserve

The poverty rate in the USA according to a recent census put's it more at one out of two. http://www.google.com/hostednews/ap/article/ALeqM5gkc3uqGuPnGfO90dElARcCQvgTvA?docId=9576d6a6343c46b1abbd0184a9244305 They might not want you to see the facts but having a TV doesn't mean you are not poor.

Lost User

I have a large debt but it is not taking away from the table. Don't get me wrong, I would love it to not be there but a debt is a debt and I will eventually have it paid off. My only issue with my loans (I have 2) is the holder of it makes it next to impossible to pay extra on the principle. I have yet to pay extra for this reason, but maybe not. I have other debts too that are higher interest so maybe it doesn't matter (right now). The wording they have is anytime I pay extra it will go towards future payments. If I pay enough extra that eliminates a month I will get a statement saying I have $0 for that month. Pretty straightforward but that is shady to me. ALL other loans I have offer an option to either pay that way (I see no reason to ever pay that way... Do you like flushing your money down the toilet) OR you can pay more into the principle, thus reducing your overall debt and reducing any interest charges. This then has the effect of paying off early. So in essence my student loans have no way to pay off early. I am pretty sure I can call directly and get some appplied to the principle as I see no penalties for paying off or refinancing the whole thing. As I said, right now this doesn't matter to me but to some it could be an issue right out of the gate. So watch out for those loans/lenders.

Computers have been intelligent for a long time now. It just so happens that the program writers are about as effective as a room full of monkeys trying to crank out a copy of Hamlet.

charlieg

Not to start a flame war :) It is Christmas after all, but the article says: "Census shows 1 in 2 people are poor or low-income" - note, not living in poverty. I don't see your location on your profile, but I've been in some poorer countries, and I was very, very happy to get back to the US.

Charlie Gilley You're going to tell me what I want to know, or I'm going to beat you to death in your own house. "Where liberty dwells, there is my country." B. Franklin, 1783 “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” BF, 1759

AspDotNetDev

I'm hoping to get a few more years out of my car before it up and explodes on me. And I will be making significantly more than when I graduated. Not to mention I'll not be paying interest on debts.

Somebody in an online forum wrote:

INTJs never really joke. They make a point. The joke is just a gift wrapper.

Lost User

AspDotNetDev wrote:

Not to mention I'll not be paying interest on debts.

I think you mean principle there... Paying the interest gets you no where other then preventing default. Interest has to be paid. And will keep comming back at you unless you pay the principle.

Computers have been intelligent for a long time now. It just so happens that the program writers are about as effective as a room full of monkeys trying to crank out a copy of Hamlet.

AspDotNetDev

I won't have any debt, which means I won't be accruing any interest, which means I won't be paying toward interest (i.e., I won't be paying extra for products beyond the base cost).

Somebody in an online forum wrote:

INTJs never really joke. They make a point. The joke is just a gift wrapper.

_Damian S_

Here in Australia you can defer payment of your university fees through (what used to be called) the Higher Education Contribution Scheme (HECS). You start repaying your HECS debt through your tax once your salary reaches a particular level. I think when I did mine (back in the 90's) the HECS percentage was 6%. You also received a 25% discount if you paid your fees in a lump sum, so if you had the money lying around, you could save yourself a small fortune by dropping a lump sum onto your debt. Mine is all paid off (of course).

Silence is golden... but duct tape is silver!! Booger Mobile - My bright green 1964 Ford Falcon - check out the blog here!! | If you feel generous - make a donation to Camp Quality!!

Albert Holguin

I'm spoiled with good insurance as well (no employee contributions)... :-D

Vivi Chellappa

You paid too much. It costs only $29.95 + $9.95 for shipping and handling!