This is topic Those in College/University: School Loans in forum General Talk at Northern California Ford Owners  .


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Posted by Black 02 SS (Member # 5939) on :
 
For those of you who are currently in school, or just recently graduated, and took out school loans...can you point me in the direction of who you went through and other pertinent details?

I'm about 80% complete with my current degree and I'll be looking to add a second major...if I keep my current job I will never be able to go back and finish my schooling. Instead of waiting for the "perfect" or ideal time where my finances agree I'll scale everything down and sell my toy if I have to and take out school loans. I am pretty certain I won't qualify for financial aid the first year because of my current income, but I will apply for it anyway to see what happens (along with grants, scholarships, etc).

I know only a select few on here may fit the above, but thought I'd ask anyways
 

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Posted by blackfifty (Member # 9023) on :
 
There's loans out there that cover the cost of living. You can find government loans to do this or go through a private loan which They'll pay for your classes and whatever is left over goes in your pocket for housing, food, bills ect... It would be wise to start looking for another job that would work around your schedule so you can supplement some of your own income into your bills instead of solely relying on your loans. It will be hard and you're going to be broke but it will be worth it in the end.
 

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Posted by slidewayz94 (Member # 3101) on :
 
Contact your schools financial aide office. They have the best options available. A portion of my student loan was a Stafford loan at I think 3.25%.

I make too much to get any kind of financial aide.

Even though most loans defer payment till 6 months after graduating, I would recommend paying on your loan while in school.
 

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Posted by Z06-FTMFW (Member # 3164) on :
 
There are loans out there you can get, but I wouldn't recommend it!!! The best way is go to your schools financial aid department and apply for a grant/loan. Its simple and easy.

Don't get scared about the loans either, when you graduate you will make good money (hopefully) and you can afford the payment

I'm have about $100K in loans left.
 

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Posted by venomous99 (Member # 1917) on :
 
no matter what check w/ the financial aid office on what sort of loans are available.
even if you or your parents make too much you might be able to get a subsidized loan meaning interest is deferred(and paid by the governement) until you graduate. i did exactly this and even filed for a hardship due to not working right after college which then extended the deferred interest for another 6-12months.

i worked while in college and used the money from work and financial aid to help fund my spending appetite on modding my stang at the time. LOL you live and you learn.

[ 2014-05-20, 01:44 PM: Message edited by: venomous99 ]
 

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Posted by Outlaw_Stangz (Member # 3926) on :
 
Look for stipend programs. Some potential employers are willing to give you money up front if you commit to work for them for a certain amount of time once you graduate.
 

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Posted by Black 02 SS (Member # 5939) on :
 
Cool, thanks for pointing me in the right direction.

I was enrolled in a CSU but it has been a few years since I was enrolled. My next hurdle is seeing about re-enrolling and if I have to wait for the same time period as new applicants or if I can submit some sort of transfer. I was at CSUEB but I'd like to finish in Fullerton, possibly San Diego.

When I was 18-20 I thought the money I'm making now would be "a lot" but once you get there you realize it won't cut it! LOL. I'm tired of seeing all these kids I come across at work that are about 1-2 years younger than I am, fresh out of college without sense of how to handle their duties (paying bills, signing up for this or that, handling responsibilities) but yet they are making 80k-100k fresh out of college, living in SF, buying new BMW's and such.
 

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Posted by venomous99 (Member # 1917) on :
 

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Originally posted by Black 02 SS:

When I was 18-20 I thought the money I'm making now would be "a lot" but once you get there you realize it won't cut it! LOL. I'm tired of seeing all these kids I come across at work that are about 1-2 years younger than I am, fresh out of college without sense of how to handle their duties (paying bills, signing up for this or that, handling responsibilities) but yet they are making 80k-100k fresh out of college, living in SF, buying new BMW's and such.

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Originally posted by venomous99:

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Originally posted by Black 02 SS:

When I was 18-20 I thought the money I'm making now would be "a lot" but once you get there you realize it won't cut it! LOL. I'm tired of seeing all these kids I come across at work that are about 1-2 years younger than I am, fresh out of college without sense of how to handle their duties (paying bills, signing up for this or that, handling responsibilities) but yet they are making 80k-100k fresh out of college, living in SF, buying new BMW's and such.

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easy to be tempted fresh out of hs to start getting paid what seems to be pretty damn good money. youre doing the right thing....
that money is decent when you're young but we all soon find out its barely enough to support a family. too many kids make this mistake but cant fault them given their limited financial situation and the fact that college aint for everyone.

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Originally posted by JohnCM:
I just started at grand canyon university this week
Going to knock this crap out before I turn 30
Wish I went before but just didn't have the discipline to wake up and go to class
Hoping a business degree will get me somewhere one day

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Originally posted by Robb:
I'd say though, Its pretty depressing leaving a job you worked your way up to $16/hr at for a part time $10/hr retail job, Get rid of all car loans and useless expenses and live like a broke college student lol. The bigger picture will make it all worth it though.

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Originally posted by Black 02 SS:
Cool, thanks for pointing me in the right direction.

I was enrolled in a CSU but it has been a few years since I was enrolled. My next hurdle is seeing about re-enrolling and if I have to wait for the same time period as new applicants or if I can submit some sort of transfer. I was at CSUEB but I'd like to finish in Fullerton, possibly San Diego.

When I was 18-20 I thought the money I'm making now would be "a lot" but once you get there you realize it won't cut it! LOL. I'm tired of seeing all these kids I come across at work that are about 1-2 years younger than I am, fresh out of college without sense of how to handle their duties (paying bills, signing up for this or that, handling responsibilities) but yet they are making 80k-100k fresh out of college, living in SF, buying new BMW's and such.

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Originally posted by adower:
Are you sure you can get a second bachelors? My wife wanted to get a second bachelor but was told no by all csus schools. I would highly encourage you to ask about it now. Instead she had to get her masters at a uc and will be finished December.

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Originally posted by adower:
Please dont believe all people make 100k fresh out of college. Certain majors will for sure like engineering. However, English and business majors wont.

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Originally posted by venomous99:
think bigger picture...4-5 years aint shiet when you're going to be working for the next 30 years.
the sacrifices you make now will surely pay off once you graduate.

my recommendation if youre looking for max pay after a bachelors and assuming you can handle the curriculum is get into software, engineering or nursing field.
depending on where you'll land you should be getting paid decently and in a few years easily rack 100k plus and then some and even still have a reasonable work schedule.

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Originally posted by 9cobra7:
Profits are better than wages.

Work for somebody else = wages.
Work for yourself = profits.

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Originally posted by SLOWBACK 67:
I think way too many young people are tricked into believing you HAVE to have a college degree to make more money and be successful in life.
I think everyone should first think hard about what they want to be in the work force. Then what is required to apply for their dream job.

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Originally posted by SLOWBACK 67:
I think way too many young people are tricked into believing you HAVE to have a college degree to make more money and be successful in life.
I think everyone should first think hard about what they want to be in the work force. Then what is required to apply for their dream job.

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Originally posted by SLOWBACK 67:
I think way too many young people are tricked into believing you HAVE to have a college degree to make more money and be successful in life.
I think everyone should first think hard about what they want to be in the work force. Then what is required to apply for their dream job.

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Originally posted by SLOWBACK 67:
I think way too many young people are tricked into believing you HAVE to have a college degree to make more money and be successful in life.
I think everyone should first think hard about what they want to be in the work force. Then what is required to apply for their dream job.

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Originally posted by Z06-FTMFW:

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Originally posted by SLOWBACK 67:
I think way too many young people are tricked into believing you HAVE to have a college degree to make more money and be successful in life.
I think everyone should first think hard about what they want to be in the work force. Then what is required to apply for their dream job.

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In todays society, You have to have a good degree to be successful. Ya there are some people that make it without a degree, but the percentage is very low...

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Originally posted by Z06-FTMFW:

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Originally posted by SLOWBACK 67:
I think way too many young people are tricked into believing you HAVE to have a college degree to make more money and be successful in life.
I think everyone should first think hard about what they want to be in the work force. Then what is required to apply for their dream job.

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In todays society, You have to have a good degree to be successful. Ya there are some people that make it without a degree, but the percentage is very low...

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Originally posted by 135.0:
Yeah you'll never do good without a college degree.

List of the Richest School Drop Out Billionaires and Successful Entrepreneurs
1. Bill Gates: He is the billionaire co-founder of Microsoft Corporation, the world largest software company. Dropped out of Harvard to focus on building Microsoft. According to Forbes magazine, Bill Gates has held the position of the world richest man for thirteen consecutive years and he not showing a sign of letting go that position.

“To win big, you sometimes have to take big risks.” – Bill Gates

“We were young, but we had good advice good ideas and lots of enthusiasm.” – Bill Gates
2. Thomas Edison: Thomas Edison was labeled dumb and scatterbrain by his school teachers but he went on to become one of the world’s greatest inventors and founded General Electric; one of the most powerful companies in the world.

“Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas Edison
3. Orji Uzor Kalu: He is one of the richest men on the soil of Africa. This young billionaire was rusticated from college for his participation in a student’s protest. Instead of lamenting over his predicament; he started trading on palm oil and from that humble beginning, he grew his business into a conglomerate “Slok Group.” Though he was later pardoned by the school authorities, he rejected the amnesty offer thereby refusing to return to school.

“A good businessman must have nose for business the same way a journalist has nose for news. Once your eyes, ears, nose, heart and brain are trained on business, you sniff business opportunities everywhere.” – Orji Uzor Kalu
4. Li Ka Shing: Billionaire owner of Hutchinson Whampoa; one of the largest conglomerates in Hong Kong, with operations that span over fifty countries and more than 220,000 staff worldwide. Dropped out of school at the age of 15 and started out by selling watch bands.

“The first year, I didn’t have much capital so I did everything myself. I had to keep my overhead low by learning everything about running a business, from accounting to fixing the gears of my equipment. I really started from scratch.” – Li Ka Shing
5. Richard Branson: Best known for his adventurous spirit and outrageous business tactics. He dropped out of school at the age of 16 to start his first successful business venture; Student Magazine, bought his own 79-acre Caribbean island when he was just 24 and he was knighted in 1999. He is the billionaire founder of the Virgin brand and its 360 companies. His companies include the famous Virgin Atlantic Airways.

“I wanted to be an editor or journalist. I wasn’t really interested in becoming an entrepreneur, but I soon found I had to become an entrepreneur in order to keep my magazine going.” – Richard Branson
6. Lawrence J. Ellison: Larry Ellison dropped out of college twice and was told by his adoptive father that he would never amount to anything but he went on to become a billionaire by building Oracle, the world’s second largest software company.

“I have had all the disadvantages required for success.” – Larry Ellison
7. Michael Dell: He dropped out of college at the age of 19 to start PC’s Limited; later renamed Dell Computers Inc. Dell became the most profitable PC manufacturer in the world making Michael Dell a billionaire.

“I had to give it a full go and see what happened.” – Michael Dell
8. Steve Jobs: Billionaire co-founder of Apple Inc and Pixar; dropped out of Reed College to start Apple.

9. Henry Ford: This automobile billionaire was born in abject poverty. He never saw the four walls of school but he went on to build Ford Motor Company and become one of the richest men that ever lived.

“Thinking is the hardest work to do, that’s why so few people are engaged in it.” – Henry Ford
10. Walt Disney: Walt, regarded as the most influential animator because of his creativity with cartoons. He dropped out of high school at 16 and founded Walt Disney; a company which now has an annual revenue of about $30billion.

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Originally posted by SLOWBACK 67:
^ My dad had so much money in the credit union they asked him to transfer money to another bank...... No college degree.

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Originally posted by adower:

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Originally posted by SLOWBACK 67:
^ My dad had so much money in the credit union they asked him to transfer money to another bank...... No college degree.

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Leaving that money in the bank is such a waste. If the had that much money in the bank why didnt he invest it?

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He just sold his company and had to pay his capitol gains taxes and other stuff. He's been moving money around all over the place and investing it.
 

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Posted by hurting your feelings (Member # 13641) on :
 

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Originally posted by SLOWBACK 67:

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Originally posted by adower:

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Originally posted by SLOWBACK 67:
^ My dad had so much money in the credit union they asked him to transfer money to another bank...... No college degree.

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Leaving that money in the bank is such a waste. If the had that much money in the bank why didnt he invest it?

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He just sold his company and had to pay his capitol gains taxes and other stuff. He's been moving money around all over the place and investing it.

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Originally posted by Z06-FTMFW:
In todays society, You have to have a good degree to be successful. Ya there are some people that make it without a degree, but the percentage is very low...

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Originally posted by stanger00:

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Originally posted by Z06-FTMFW:
In todays society, You have to have a good degree to be successful. Ya there are some people that make it without a degree, but the percentage is very low...

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You don't necessarily need to have a degree to be successful. It does help in the beginning if you want to start with a higher paying job. I believe in the total package concept where a person has to possess certain qualities that allows one to be very successful in their career, career progression and earning top wages for their labor.

I am friends with a guy who has a MBA and earned less than my fiancé who doesn't have a degree. Doesn't make sense, right. The downside to her not having a degree is he just recently got promoted over her because of guess what, that MBA he has. Edit: for reference they both have 10 years experience in the banking industry. He is an underwriter and she is a loan andminstrator with 2 years underwriting.

Entrepreneurs are a different animal. They are very unique. I don't have those skills so I will continue to be a drone slave to the system and I have to get a degree to move up the ladder.

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