Student Loan

[IncredibleToad]

Originally posted by TrevorK


Why should people who are able to budget their money and afford small luxuries be exempt from student loans and free money (grants)?

Student loans and grants should be made available to all students, regardless of their income level, to promote higher education. It's downright discriminations that people (or their parents) at higher income levels are forced to pay more for their school than their lower income counterparts.

I pay the same tuition as you and the kid next to you, and he lives in a cereal box.

No they are not 'exempt' from the grants, and it sure as hell isn't 'free money' because a lot of those grants require you to be active in the community, be involved with clubs and other extracurricular activities or satisfy certain criteria. (Although there are a few that mostly only look at financial need)

[IncredibleToad]

Originally posted by Neil4Speed



Your logic is flawed,
.

This Does Not Compute, I Am A Robot, I Am Stuck In An Infinite Loop Infinite Loop Infinite Loop Infinite Loop

[GTS Jeff]

Originally posted by akumajack
I always had a vehicle when I was a student, and I always said I didn't have one when I applied for student loan. I don't think they check that hard. Apply for as much as you can possible, and you'll get a lot of free money (bursaries).

They either check you very hard or not at all. It's called an audit, and they can do them randomly or whenever they suspect you're a sketchy case.

[the_fornicator]

honestly, if you can, just pay for your tuition up front. work your ass off during the summers and don't take loans out.

after you graduate, you're going to want bigger and better things. the $20K in student loans will be the last thing you want to pay off.

trust, you'll thank yourself. do that and you'll have an extra $350-$500 a month kicking around for the next X years (however long it takes you to pay it off) after graduation.

[TrevorK]

Originally posted by Neil4Speed
Your logic is flawed, if you have enough money for luxuries, why are you applying for loans? Grants for academic merit are different.

The logic is not flawed.

Why should a person's economic standing have an effect on whether or not they are allowed a loan from the government? Shouldn't the government strive to make education accessible to all, and give everyone the same opportunities.

If someone works hard and makes $20K/year while in school why should they be disqualified from getting a student loan?

Why should people who work hard and budget to pay rent etc, not be able to collect welfare cheques?

Welfare is part of a societal safety net. Student loans are not.

Higher income levels do not pay more, last time I checked, tuition is the same across the board.

Higher income levels pay more because they are not eligable for student loans and grants. I know of many people who brag about all the grants/interest relief they are given, yet this option isn't as available for those that the government claims should be able to afford it on their own.

[TrevorK]

Originally posted by IncredibleToad


I pay the same tuition as you and the kid next to you, and he lives in a cereal box.

The tuition costs of someone without a student loan are higher than those with a student loan on the sheer fact that the student loan is interest free until graduation whereas the person the government won't give a loan to is forced to pay up front (And in some cases take out lines of credit from banks to pay for tuition).

No they are not 'exempt' from the grants, and it sure as hell isn't 'free money' because a lot of those grants require you to be active in the community, be involved with clubs and other extracurricular activities or satisfy certain criteria. (Although there are a few that mostly only look at financial need)

A helping hand
Millennium bursaries of $1,000 to $4,500 are awarded each year to post-secondary students who face the greatest financial challenges. These bursaries help students focus on their studies, instead of their debt. Best of all, millennium bursaries do not have to be repaid.
As a sidenote, they distribute $285,000,000 every year so it's not as if it's a small group of people that receive it.

So, are we still going to pretend that all students are eligible for government-sponsored programs that subsidize your tuition?

I understand that privately-funded scholarships are going to favour one group of people (Engineers, woman, minorities, people in the community, etc....). But to have government-sponsored programs that basically state "You should have enough money because you choose to work while you go to school, so we have no need to help you out" seems a bit unfair to me.

[asifka]

if you show them you have a car, they might tell you to sell it and pay your tution.

Also, student loan is only interest free untill you are in school. once you are out, you will have six months grace period( you dont have to pay back but they gona charge you interest). After six month, you need to proof them you can't pay it back and they will stop charging you interest.

If you are going school for 2 years, then re-read the_fornicator post. trust me, student loan is the last thing you wanna think off once you come into professional life.

Originally posted by the_fornicator
honestly, if you can, just pay for your tuition up front. work your ass off during the summers and don't take loans out.

after you graduate, you're going to want bigger and better things. the $20K in student loans will be the last thing you want to pay off.

trust, you'll thank yourself. do that and you'll have an extra $350-$500 a month kicking around for the next X years (however long it takes you to pay it off) after graduation.

[slick2404]

if you tell them you live at home, do you say you pay rent to your parents?

I applied a few years ago, and it asked for their income from the year before....and then ended up rejecting me saying parents make enough and they should be able to support your studies....even though it didnt check how much debt they had

[TVG]

How do you guys afford nice cars in school? My car is paid for, but I have to sell it, because I won't even be able to afford the insurance + gas.

[CanadianBoy69]

Originally posted by TVG
How do you guys afford nice cars in school? My car is paid for, but I have to sell it, because I won't even be able to afford the insurance + gas.

financing over a longer period at a lower interest rate

then work during the semester on friday sat and sunday save 200 per month for payin the car early and use the rest on gas

[Toms-SC]

For the government loans how long does it take to get confirmed/the money? I filled out the online form and it says I'm good to get $5000. When should I expect word back?

[locust]

you should get a response within a few weeks or so.
usually takes about 2 weeks for me.

[GTS Jeff]

Originally posted by TrevorK
Why should a person's economic standing have an effect on whether or not they are allowed a loan from the government? Shouldn't the government strive to make education accessible to all, and give everyone the same opportunities.[/B]

Um the whole point of student loans is to make education accessible to the financially disadvantaged.

If you can already afford to pay for tuition, why would you need student loans? So you can keep living like a baller (as if that's your god given right)

[pinoyhero]

Originally posted by Xtrema
Please leave the student loan to the people who still riding transits. If you can afford a new car, you don't need a loan.

I almost agree then realize that if the governemnt is stupid enough to give away tax payer money to anyone then why not apply?

[pinoyhero]

Originally posted by GTS Jeff
Um the whole point of student loans is to make education accessible to the financially disadvantaged.

If you can already afford to pay for tuition, why would you need student loans? So you can keep living like a baller (as if that's your god given right)

And free post secondary education is? Why should the government give away money? The whole student loan concept is lame, if people ned money to go to school then they should hit a bank and get a lona like everyone else. Why should mediocre students get discounted loans at my (the taxpayers) expense?

[Gainsbarre]

Originally posted by pinoyhero

Why should mediocre students get discounted loans at my (the taxpayers) expense?

But how is that any different from students who are not in financial need applying for student loans? You seemed to endorse student loans in your previous post, now you seem to be discouraging them...

[pinoyhero]

In my firt post I was simply exemplifying how dumb it was that this concept exists but defending the guy who's being resourceful and is going to try to use the system and keep his fancy car while claiming he can't afford an already heavily subsidized post secondary educatin.

Financial need or not a student should go the bank and get a loan simple as that.

[Skyline_Addict]

Originally posted by TrevorK


Why should people who are able to budget their money and afford small luxuries be exempt from student loans and free money (grants)?

Because then that would be a regressively based reward. Here in Canada, regressive programs (particularly taxes) are generally frowned upon in the public eye.

[pinoyhero]

^Unfortunatley its true, since the majority vote rules (which I dont agree with) and the majority feel entitled to things they have not earned, we are stuck in a socialist rut. It could be far worse ofcourse. As far as taxes, unfortunately those who make more money and are more productive members of society are taxed heaviest, funny how our tax system virtually disincents working harder.

[TrevorK]

Originally posted by GTS Jeff
Um the whole point of student loans is to make education accessible to the financially disadvantaged.

If you can already afford to pay for tuition, why would you need student loans? So you can keep living like a baller (as if that's your god given right)

Whether you believe in it or not, by not offering the same incentives to go to school based on income level (of yourself or your parents) is discriminatory.

How would you feel if you were denied a student loan because the government said your parents made enough money, yet your parents said they didn't? Then you walk into school, and see the free money (As shown in my posts above) being given away to those who qualify for student loans.

I'm not advocating taking the program away - everyone should have an equal opportunity to education, regardless of their financial status, based on their academic criteria. However, no group should be given free handouts (Again, see above for a simple example) because it is determined that their income level deserves it. They are already at an advantage because of their loans (interest free until 6 months after graduation), and then they get much, much more opportunity for free money?

Upon graduation the "poor" student and the "rich" student both have the same income and job potential. Yet, the "rich" student may potentially be saddled with more debt repayment while the "poor" student may have been given the ability to focus more on school while enjoying the loans.