Yo Heads...I'm sure there's a lot of fokes out here that are attending universities (united stated) and are using loans, I'm curious, i'm funding my own way, and all the private loan companies have turned me down as i'm only 22, not the standard of 24, regardless of my near flawless credit level. I've found one that's peaked my interest, has anyone heard of or used MyRichUncle.com? it's fairly new and unexplored by any of my buddies. Let me know guys, i'd like anyone's feed back! -Nick
kackarot 18 years ago
have you done a fafsa?
http://www.fafsa.ed.gov/
its with the department of education; they help you get grants and loans
http://www.fafsa.ed.gov/
its with the department of education; they help you get grants and loans
commiescum 18 years ago
Nick,
I'm just going to put in my opinion about student loans in general (I have no knowledge or opinion about this or any other loan provider).
I'm 37. I received my BA in 1996. Eleven years later and I'm still paying off student loans. I've had to fight with banks and collection agencies the whole way. (NB: I fucked up towards the end of university and developed a nice little chemical dependency and some really unrealistic expectations of what I could expect out of life upon graduation, and thus spent the next four years couch surfing and being poor and avoiding my responsibilities; your mileage may vary)
I too was 22 when I started. Thanks to a helpful cousin, cheap rent, and scaling back my lifestyle significantly, I was able to pay for my first two years out of my own pocket, lived a nice life and had ZERO debt. Had I continued the rest of my education that way, I would have been able to do all the things that I dreamed of doing in my late 20s and instead of spending the last 11 years sweating and stressing over my debt load.
My advice - for what its worth - do not go into debt for college/university UNLESS you plan on taking medicine, law, or hard sciences - fields for which they were will always be a need and an industry OR you you have career path planned for yourself that requires a specific degree program. Regardless of what a lot of people say (i.e. "I'm going to get an education, not a job"
there is no point in spending four years and $40,000+ of borrowed capital on sweet dreams and maybes.
If you are not going into one of those "professions", find a better way: go to a local or state school with lower tuition; or start at a community college; take classes part-time and work your ass off the rest of the time; eliminate all unnecessary spending from your budget and start saving now.
Whatever you have to do. But take it from me: don't take out consumer loans (which are unsecured debt like credit cards, and mean that the credit issuers tend to be very heavy handed with collection practices for delinquent borrowers). Learn about debt and the law: Congress (I assume you are in the USA) has changed the rules so that no longer can you run up thousands of dollars in state-guaranteed student loans and walk away from them by declaring bankruptcy.
Keep your credit flawless and pay cash.
Thanks!
I'm just going to put in my opinion about student loans in general (I have no knowledge or opinion about this or any other loan provider).
I'm 37. I received my BA in 1996. Eleven years later and I'm still paying off student loans. I've had to fight with banks and collection agencies the whole way. (NB: I fucked up towards the end of university and developed a nice little chemical dependency and some really unrealistic expectations of what I could expect out of life upon graduation, and thus spent the next four years couch surfing and being poor and avoiding my responsibilities; your mileage may vary)
I too was 22 when I started. Thanks to a helpful cousin, cheap rent, and scaling back my lifestyle significantly, I was able to pay for my first two years out of my own pocket, lived a nice life and had ZERO debt. Had I continued the rest of my education that way, I would have been able to do all the things that I dreamed of doing in my late 20s and instead of spending the last 11 years sweating and stressing over my debt load.
My advice - for what its worth - do not go into debt for college/university UNLESS you plan on taking medicine, law, or hard sciences - fields for which they were will always be a need and an industry OR you you have career path planned for yourself that requires a specific degree program. Regardless of what a lot of people say (i.e. "I'm going to get an education, not a job"
If you are not going into one of those "professions", find a better way: go to a local or state school with lower tuition; or start at a community college; take classes part-time and work your ass off the rest of the time; eliminate all unnecessary spending from your budget and start saving now.
Whatever you have to do. But take it from me: don't take out consumer loans (which are unsecured debt like credit cards, and mean that the credit issuers tend to be very heavy handed with collection practices for delinquent borrowers). Learn about debt and the law: Congress (I assume you are in the USA) has changed the rules so that no longer can you run up thousands of dollars in state-guaranteed student loans and walk away from them by declaring bankruptcy.
Keep your credit flawless and pay cash.
Thanks!
Punly 18 years ago
Quote:
Originally posted by kackarot
have you done a fafsa?
[ Link ]
its with the department of education; they help you get grants and loans
I've done that. Those cunts said that I made too much money to qualify. If you do that, don't include household income. Just put yours for household income.
Punly 18 years ago
Oh, and I've heard of this one before.
http://www.astrive.com/
Never used it but it sounds reputable.
http://www.astrive.com/
Never used it but it sounds reputable.
AbruzziNick 18 years ago
rot...yeah dude...
commiescum, thanks for your input on it. Honestly I do have a career path, and have been advised. I have significant resources as being a vet, and other, meaning my tuition waver and other such things, plus under fafsa i am covered for attendance. It's the other crap that i need the loans for, and it's a one time expense. Never again will i need to take money out, as grad school will also be paid for. After my first semester i've been accepted as an RA, therefore room and board covered, so grants and scholarships will cover the rest. The loan is indeed a one time thing, for a not so substantial amount, to pay off my car, get a tux and computer (as this one is burning out.) Thanks again guys for all your help. I'll continue to
as i get more ideas.
commiescum, thanks for your input on it. Honestly I do have a career path, and have been advised. I have significant resources as being a vet, and other, meaning my tuition waver and other such things, plus under fafsa i am covered for attendance. It's the other crap that i need the loans for, and it's a one time expense. Never again will i need to take money out, as grad school will also be paid for. After my first semester i've been accepted as an RA, therefore room and board covered, so grants and scholarships will cover the rest. The loan is indeed a one time thing, for a not so substantial amount, to pay off my car, get a tux and computer (as this one is burning out.) Thanks again guys for all your help. I'll continue to
commiescum 18 years ago
Nick....
That's great. "Mature students" generally, I think, have an easier time managing the bureaucratic side of college life. That being said, it sounds like you have a good plan, and I wish you much luck and success.
That's great. "Mature students" generally, I think, have an easier time managing the bureaucratic side of college life. That being said, it sounds like you have a good plan, and I wish you much luck and success.
