Wednesday, November 23, 2005

Studentdebtalert.org



Kind of an interesting idea, actually:

StudentDebtAlert.org

If you flip over to their Student Debt Yearbook, you can read entries left by college students wherein they discuss their own attitudes and idea regarding debt. And, if you're so inclined, you can leave your own "poor me" diatribe. (The ones I've read so far sure seem like that!)

I'm not entirely sure I agree with all of their "Student Debt Call for Solutions" stuff, but that's life, I guess.

— Posted by Michael @ 1:05 PM








3 Comments:
 

I used to work in a financial aid department and I've heard it all -- students living off their loans, investing it in the stock market, etc.

I can't understand how they can think that they are owed a free college education. The companies that sold them all the garbage that they now owe credit card companies for didn't give it to them for free. And the credit card companies aren't loaning them the money for free. And how much of the stuff that they owe for has got them in the door for a job interview?

 

Education loans are readily available,and students have wider choices than before, if the university he is opting to read in, is a reputed one and he has got the seat after proper screening and tests.Debt restructuring,lower interest rate on bargain basis(depending generally on the job allocations available after completetion of studies)are readily available now a days.But majority get seats in colleges or schools of lesser repute and their main constraints are to complete the studies and get a suitable job.In most cases,jobs found may not be suitable as the students are equally to blame on their career and finance planning.Motif also plays a role.In any case ,debt alarm is a good sign for both the student and the financer.Student should only concentrate on studies while in school,and financer must be keen on watching the grade rather than future payment of debts first.

 

Education loans are readily available,and students have wide choices if the university he is opting to read in is a reputed one and he has got the seat after proper screening and tests.Debt restructuring,lower interest rate on bargain basis(depending generally on the job allocations available after completetion of studies)are readily available now a days.But majority get seats in colleges or schools of lesser repute and their main constraints are to complete the studies and get a suitable job.In most cases,jobs found may not be suitable as the students are equally to blame on their career and finance planning.Motif also plays a role.In any case ,debt alarm is a good sign for both the student and the financer.

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100%

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