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March, 2024

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Student Loans

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PhattTim
Posts: 13943 - Karma: 83
Yo fools, how many of you punks have student loans? How does the system work in your country of origin and how much would you end up owing after you did a full degree at univeristy or college or whatever. And what kind of interest rate do they charge you?

I'm probably going to have about a NZ$35,000 loan when I finish (US$16,000). I get my course fees paid for which are about NZ$5-6,000 per year and then a=NZ$1,000 for books and then NZ$150 a week for rent and food and stuff. That's all over 4 years for a bachelor of commerce in Dunedin. I don't get charged interest while studying but they charge like freakin' 20% after you've been working for a year. Facsists.

~~Phunkin Phatt Phreerider~~
#Cut the Jibba Jabb Crazy Fools! Start Skiing!#
*Be greatful, everyday, for snow, mountains, gravity and skiing*
@Talent Is Important, But Image Is God!@
Jan 2 2003 4:19PM
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gravteck
Posts: 2390 - Karma: 13
I get about 22g's in grants (stuff I don't have to pay back), and then I have another 9 g's in straight loans. I have to start paying them back some period of time after I graduate, or am no longer a full time student. My loans will be more this year... so all in all I'm gonna owe about6 60 grand after school... (all expenses my school is 40g's a year). That's what you get for going to a top 20 school (17th)
Jan 2 2003 5:19PM
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Lanemeyers
Posts: 5007 - Karma: 19
I work. I get lots of time to ski, make good money, and get to buy all sorts of shit! All I owe is money to the bank for my car which I'm not too concerned at paying right now! And I went to one of the top 1000 colleges in Ontario for 1 semester of journalism! Woo hoo!

Commander of the Silent Army

Viva La Resistance!

'Lucky escapre for the bawb

I was helicoptered off the hill yesterday and had to spend the night in hospital. A boarder skied through some slow signs and straight into my back and they found a spinal fracture. Luckily it turned out to be old

phew'- BAWB, not worried about an old spinal fracture, just a new one.....
Jan 2 2003 5:45PM
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PhattTim
Posts: 13943 - Karma: 83
haha, nice nice.

~~Phunkin Phatt Phreerider~~
#Cut the Jibba Jabb Crazy Fools! Start Skiing!#
*Be greatful, everyday, for snow, mountains, gravity and skiing*
@Talent Is Important, But Image Is God!@
Jan 2 2003 7:20PM
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J.D..
Posts: 41 - Karma: 10
Ontario's Student Loan programs suck...I think they do it by random draw I think not by who needs it most. The max a year you can get is $9500.00...although it seems as tho only rich kids ever get that much...
Jan 2 2003 7:51PM
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Maximumsushi
Posts: 7837 - Karma: 3,347
OSAP is pretty good, Nova Scotia loan system sucks. Terribly. As I stated earlier today, I cannot get a student loan. This is not a good system, I need one very very badly. I am paying my entire way through school. This means, I have have to get a normal 'education loan' from the bank. Basically, this is a loan with a higher than normal interest, with a cap of 5,000 per year with a max of 15,000. They do this because students have nothing of worth to reposses if they cannot pay. I found out today that my scholarships and bursaries may be gone for some strange fucked up unknown to me reason, leaving me with a $5000 debt, and nothing at all to show for it.
-=-=-=-=-=-=-=
-Dan
Ski_Instructor_Mike:
''when the clock hits 4:20 I will make a brain cacoon. I'm so psyched''
Jan 2 2003 9:56PM
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