By carefully choosing student loans, grants, and scholarscollege financial aidentire 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 advice go to www.usnews.com
February 28th, 2010 at 3:07 pm
So true. And the “business angle” after residency. And where you want to work, in what specialty, where you want to live, etc.
February 28th, 2010 at 3:45 pm
I feel sorry for your situation. Sincerely.
February 28th, 2010 at 4:17 pm
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 account, 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 handout and did it alone.
February 28th, 2010 at 4:20 pm
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 enjoy it, not for the money.
February 28th, 2010 at 4:25 pm
its simple really colleges are a big 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 somewhere 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.
February 28th, 2010 at 5:22 pm
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 big 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.
February 28th, 2010 at 5:31 pm
Now they tell me
February 28th, 2010 at 6:00 pm
All True,,,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.
February 28th, 2010 at 6:36 pm
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 paycheck when you do work and take your income tax return money and then after years of paying them through 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
February 28th, 2010 at 6:53 pm
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 account
February 28th, 2010 at 7:10 pm
This is exactly the reason why Im doing pre-med/pre-pharm.
So I won’t have to worry about bullcrap.
February 28th, 2010 at 7:36 pm
Are you serious DrBones666? I’m a sophomore taking out my second amount of loans and already I’m bugging out about it.
February 28th, 2010 at 7:46 pm
Financial award? grant package? marketing words!! call it what is – a financial setback, a debt burden.
February 28th, 2010 at 7:48 pm
JUST SAY NO!! ESPECIALLY MOHELA!! JUST SAY NO!! Go to school for free… A degree means nothing now a days!! I have 2!! and almost went for 3 and NOW I HAVE NO JOB AND HAVE STARTED MY OWN BUSINESS!! MOST MILLIONAIRES DO NOT HAVE DEGREES!!
February 28th, 2010 at 8:21 pm
kewl
February 28th, 2010 at 9:08 pm
kewl..im gonna try tat
February 28th, 2010 at 9:24 pm
Those adds can be misleading… Please don’t borrow $40,000 a year for college! If you borrow that much you will be in well over 100K of debt when they hand you your diploma.
The last 3 tips are the great. The most important one though is number 2… don’t over borrow! Borrow what you need to live your life and that’s it – it will only hurt you later.
February 28th, 2010 at 9:48 pm
National Academy of American Scholars sponsors the NAAS National Awards; $250 to $25,000.00
February 28th, 2010 at 9:50 pm
The best thing is to learn a trade. That is the direction I’m heading in.
February 28th, 2010 at 10:33 pm
Words of wisdom. I’m an honor student with a a large scholarship. I work and make little to nothing. I came from community college paid practically nothing and obtained a better education than the one I am receiving now. LOL. After college I will have $20,000 in grant and bank loans. Private colleges should fail like the banks. Or, at least go back to what they used to mainly be, country clubs for the wealthy. They are obsolete and a racket.
February 28th, 2010 at 10:33 pm
Going to college is not worth creating debt with an unmerciful government. Sometimes, health issues and certain mental and physical disabilities prevent a person from making enough money to barely survive on, but the government will still take their money. You can not take bankruptcy. You are trapped permenantly. There is no mercy! No forgiveness of debt. Don’t be fooled. A job is not promised at the end of your education. Education doesn’t always mean prosperity.
February 28th, 2010 at 11:28 pm
Have you noticed that there aren’t any debtor prisons any more? Get the loans, go to school, get the degree and don’t pay it off. Not much they can do really.
February 28th, 2010 at 11:39 pm
Sallie Mae is actually a Klingon word that means sarlacc pit.
February 28th, 2010 at 11:57 pm
I’m suprised you never mentioned to START EARLY. That’s nearly as important as filling out FAFSA. The earlier you start working with your Financial Aid Office, the better.
March 1st, 2010 at 12:09 am
Oh yea, while you are in the process of gettin money dont ever feel like you are left out cuz all the “cool ppl are going to college” and you are working 2 jobs. These cool ppl are mostly middle class idiots setting themselves up for debt. If you have rich parents who will pay for your college then just disregard this message. Have a good day.