Posted on 06/19/2007 4:29:34 PM PDT by Saint X
Hell, there are good IT jobs down along I-81 between Roanoke and the VA-TN border (especially near VT in Blacksburg) and tons in Charlottesville (the defense and intelligence groups have lots of offices near UVA) and Richmond.
Plus, the taxes here are lower and if you live in Hoo-ville (Charlottesville), if I remember correctly, the local Rep. is Virgil Goode. ;-)
So far we have gotten by for a lot less, even with our kids in private and/or out of state schools. If our kids had or would attend an in state public university it would be even less. So far, three out of four have gone out of state, but they do have academic scholarships and take some loans.
I don’t know how much my DIL is supposed to pay and doesn’t, I wish I knew who to contact because I have her latest address and phone number.
I was under the impression that my ex-dil had a free ride and then got student loans for living expenses while she worked as a waitress got child support and maintenance. She got her degree, still works as a waitress, owes over 70K in credit cards and has a huge student loan. They should sue the university for a faulty education. How can you get a degree and still be that stupid?
Student loans for a college education made necessary by dumbing down the first 14 years of “free” schooling sounds to me like the next best thing a master could come up with after his slaves have been taken from him.
Affirmative Action?
I guess, I notice that most females around here are getting a free ride and doing HS type work and still flunking. I have helped my other DIL with her college work and while she works hard and gets good grades, at least half of the people flunk and they are, by far, hispanic women. So they are wasting our money and their time.
Yep, see post #19.
Nah, made possible by faculty that are paid too well. I wish I only had to work 160 days a year and still make a crap load even compared to a job where you have to work 260 days a year. According to management, 80% of the college’s cost are personnel. Of that, roughly 55% is faculty, 30% classified, and 15% management salary. Don’t even get me started about paid 6 month sabbaticals or release time for college governance. Ask them to teach an extra section a term though and you’d think you asked for the sacrifice of their firstborn.
In the four year plus that the girl has been in school she has been able to purchase two new cars, pay rent in a nice apartment, go to school and not work.
When our eldest son was in years 5,6,and 7 at the university, the student loan money available to him was far more than was necessary. Thankfully he didn’t borrow more than he needed.
The girl in question had her grandmother co-sign for the loans. I’m sure that has a great deal to do with the outcome. Now an elderly woman has her farm at risk.
As far as borrowing more than is needed, well all I can say is, adult choices, adult consequences. When a kid is born, everyone should open and fund a 529 college savings plan. Set up automatic withdrawals to fund it, have people contribute to it for birthdays and holidays instead of wasting money on throwaway junk. You'll get to see the advantages of tax-free investment growth, and tax-free withdrawals for qualified expenses when the time comes. It's a great estate planning option as well.
Actually after you graduate, leave school, or drop below half-time enrollment, you have six months before you begin repayment. This is called a grace period.
During the grace period on a subsidized Stafford loan, you are not required to make any payments and no interest will be charged. During the grace period of an unsubsidized Stafford loan, you do not have to pay any principal, but interest will be charged. You can either pay the interest or allow it to be capitalized - or added to your principal balance - upon entering repayment.
After you leave school or drop below half-time enrollment, you will receive information about repayment and be notified of the date your repayment begins. However, you are responsible for beginning repayment on time even if you do not receive this information. The maximum term to repay your loans is 10 years.
Alternative loans are starting to come around to mimic these characteristics of federal student loans. Wells Fargo, Chase or TERi, Wachovia, Key Bank, Nellie Mae, and Sallie Mae are the most common lenders that I see.
Thanks for the speech. :-)
Just the facts. Didn’t want anyone to think that you had to be full-time or else. I’m not a huge fan of student loans but they are a necessity for a great many students these days. Just to put state funding into perspective, here in Oregon K-12 gets about $6.2 Billion in state funding, community colleges only receive about $500 million and public 4-year’s get about $868 million. K-12 gets the lion’s share of public funding.
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