Today a check came in the mail... $5,338.00.
The check came in my daughters name. She'll be a senior at St John's University this year in September.
But, she needs to go to summer school. She will be taking 2 classes... Spanish Level II - 3.0 credits and Public Speaking Col - 3.0 credits ......... for a total of 6.0 credits.
Language Lab Fee............ $25.00 Tuition: St Johns College......$5,238.00
University General Fee.........$50.00. ... Total - $5,338.00 ...
That's how much the check was for... $5,338.00 It was from her favorite lender Sallie Mae.
The envelope with the check was addressed to my daughter, not me. I didn't even know she had applied for the loan.
She didn't ask my opinion or advice or permission. She's 20 years old, no longer my little girl. Old enough to borrow $5,338.00 on her own. Damn!
There will come a time when that $5,338 will have to be paid back. There is a price to be paid for this "easy-money".
At about $50/mo, it will take about 10 years to pay that off. ... Not so easy to pay back! My daughter owes $28,973.13 in student loans so far. She still has at least 1 more year to go for a bachelors degree.
Plus she has to go to grad school for at least another 2 years if she wants to find a job in Psychology...
And she's talking about going for a doctorate degree. Another 2 years. If she keeps borrowing at the same rate over the next 5 years, to get her PhD, she'll owe $72,432 in student loans.
$72,432 in student loans - Easy Money!
And that doesn't take into account inflation and the increasing cost of higher education each and every year.
Most students (and their parents) will end up taking out student loans. However, if you can get some scholarship money, that is money you don't have to pay back.
Since ALL schools are inundated with too many applications for scholarship money, emphasis is placed on the scholarship essay to determine who will get the available scholarship monies.
Unfortunately, many students and parents don't know how to apply for scholarships. Here is a quick but important tip for winning scholarship money.
Set yourself apart from the thousands of other applicants by being specific about what you have done in your life. If you've achieved, tell the judges. Put your best foot forward.
If you have family responsibilities, tell them what you do. Otherwise the judges don't know. Write about what you have actually done and you will be remembered by the committee members and increase your chances of winning scholarships.
Saturday, October 20, 2007
Sunday, October 7, 2007
Self Credit Repair Posted By : Guuru
Self credit repair is basically the only way you can repair your bad credit. Self credit repair is a do-it-yourself kind of program. Self Credit Repair is the beginning of a stress free and debt free life. Self credit repair is the best credit repair, as long as you know what you are doing.
I know self credit repair is the best however I don't have the time or know much about the whole Credit/Credit Bureau process or Laws. One of the biggest misconceptions we all face is that credit repair is illegal. Credit Repair is generally the process of bringing "back to life" an individual's credit history.
Bad credit repair is a temporary situation and it can be fixed. Bad credit repair is one solution to such a predicament. Credit repair is the process of restoring your financial reputation. Credit repair is a legal way to clean up and improve your credit report. Obviously, the goal of credit repair is to improve your credit score and get you back on track financially after past credit problems. Self credit repair is essentially the only way you can repair your bad credit.
The first step to credit repair is organizing your bills. Credit repair is a technique that can remove errors or inaccurate information from your credit report. All of us are aware that bad credit repair is essential for living a normal life. Credit repair is completely legal as long as you follow the rules provided by The "Fair Credit Reporting Act".
One of the most important things in credit repair is to act quickly. One good strategy for credit repair is to consolidate your high interest debt. So the first aspect of dealing with credit repair is to understand that knowledge is power. First, determine how much credit repair is necessary.
I know self credit repair is the best however I don't have the time or know much about the whole Credit/Credit Bureau process or Laws. One of the biggest misconceptions we all face is that credit repair is illegal. Credit Repair is generally the process of bringing "back to life" an individual's credit history.
Bad credit repair is a temporary situation and it can be fixed. Bad credit repair is one solution to such a predicament. Credit repair is the process of restoring your financial reputation. Credit repair is a legal way to clean up and improve your credit report. Obviously, the goal of credit repair is to improve your credit score and get you back on track financially after past credit problems. Self credit repair is essentially the only way you can repair your bad credit.
The first step to credit repair is organizing your bills. Credit repair is a technique that can remove errors or inaccurate information from your credit report. All of us are aware that bad credit repair is essential for living a normal life. Credit repair is completely legal as long as you follow the rules provided by The "Fair Credit Reporting Act".
One of the most important things in credit repair is to act quickly. One good strategy for credit repair is to consolidate your high interest debt. So the first aspect of dealing with credit repair is to understand that knowledge is power. First, determine how much credit repair is necessary.
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