- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
A guy goes to school just for the student loan cash
Posted on 3/3/14 at 1:27 pm
Posted on 3/3/14 at 1:27 pm
LINK
quote:
Take Ray Selent, a 30-year-old former retail clerk in Fort Lauderdale, Fla. He was unemployed in 2012 when he enrolled as a part-time student at Broward County's community college. That allowed him to borrow thousands of dollars to pay rent to his mother, cover his cellphone bill and catch the occasional movie.
quote:
But borrowing thousands in low-rate student loans—which cover tuition, textbooks and a vague category known as living expenses, a figure determined by each individual school—also can be easier than getting a bank loan. The government performs no credit checks for most student loans.
14
Posted on 3/3/14 at 1:29 pm to JS87
And the start of the student loan default bubble has officially started.
Posted on 3/3/14 at 1:30 pm to JS87
quote:
The government performs no credit checks for most student loans.
nobody would be able to get loans coming into college at 17 or 18
well at least none of my friends had a credit score coming into college
Posted on 3/3/14 at 1:33 pm to JS87
Isn't this what was pretty rampant and behind the abysmal numbers at SUNO?
Posted on 3/3/14 at 1:39 pm to JS87
I was lucky/fortunate enough to graduate college debt free. Of course I attended college on pell grants
Posted on 3/3/14 at 1:40 pm to JS87
Glad I'm graduating with no debt, and a great credit score. 
Posted on 3/3/14 at 1:46 pm to JS87
When I was in college, I was basically given huge amounts of money every semester, 80% of which was not needed for school. When this bubble pops, it's gonna be a bad thing for tax payers. I pay mine back, but you know there is a huge percentage of kids that never finished, or got a dumb arse degree and will never pay it back.
Posted on 3/3/14 at 1:49 pm to JS87
I knew a guy in school who figured out if you quit classes by the certain date you get either a full or mostly full refund on your tuition made out to the student, regardless of the payer(parents). I think he did it 3 or 4 different semesters. needless to say, but he didnt graduate
Posted on 3/3/14 at 1:50 pm to JS87
student loan debt isn't discharged by bankruptcy filings though...the debt will follow you around forever, even if you go through bankruptcy.
Posted on 3/3/14 at 2:01 pm to JS87
student loans are the biggest crock of shite ever
Posted on 3/3/14 at 2:11 pm to JS87
So because this cat wont just go get a job, hell be in debt until he dies?
Posted on 3/3/14 at 3:00 pm to JS87
This is going to bite these people in the arse for speaking in this article. Basically, they admitted to using funds for non-education expenses. That is in direct violation of the MPN and the govt can now demand immediate full repayment for the amounts borrowed (i.e. take their tax refunds, garnish wages, no deferment, etc).
Posted on 3/3/14 at 3:08 pm to JS87
I knew a guy on a full academic scholarship who would take out student loans and invest them in federal land bank bonds. He made a few points on the spread.
Posted on 3/3/14 at 4:33 pm to JS87
quote:
30-year-old
quote:
unemployed
quote:
borrow thousands of dollars to pay rent to his mother
What a life.
This post was edited on 3/3/14 at 4:34 pm
Posted on 3/3/14 at 7:43 pm to JS87
has anybody made a joke about brcc yet?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News