Comments for Youth Debt Guide http://www.21andbroke.com Thu, 13 Oct 2011 08:02:05 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on How To Avoid Paying Post College Debt by Lori A http://www.21andbroke.com/how-to-avoid-paying-post-college-debt.html#comment-238 Lori A Sun, 04 Sep 2011 20:28:23 +0000 http://www.21andbroke.com/?p=109#comment-238 Go to the library and seek out one of those big fat books on how to find scholarships, though I suspect with the short time frame you have, you may be hosed. You might have to bite the bullet and take a year off to catch up on the bills (get a job!). It's hard doing the single parent juggle, but been there, done that..heck, still doing it! The financial aid office at the college may also be a big help. ASK! The worst you get is a no. Also, any family you can tap? Can the kid's dad take them for a year so you can downsize your living arrangement and costs so you can finish? Anything left of value you can sell? Wedding ring??? If your credit isn't great and you don't own a home I'm not sure you can get a loan, but certainly the school's financial aid office will know the answer. Quite frankly, it is pure BS to think you won't finish college if you don't get to do it now. Might it take a couple more years, yeah, but if it is important to you, you will find a way. Too many people aren't willing to use their head and explore all options, they want it handed to themselves. If you really have this goal in mind than YOU have to figure it out. Waiting until nearly the last minute wasn't a great idea. I've been raising 3 kids on my own for 17 years. Yeah, at times it has been tough, and I've been lucky enough to have family to fall back on when things got really bad. So...put it all down on paper...can you cut expenses? (place kids with family, take in a roommate, get a cheaper car) can you go part time and work part time? Write it all down FIRST, don't rule stuff out you haven't really researched. Then work your way down the list. Where there's a will, there IS a way. Incidentally, Texas Instruments paid for the last 2 years of my BS in full, in advance. I don't think employer plans are that generous anymore (it was 20 years ago) but ya never know. Some will let you work around your class schedule. Good luck. I found this site..might be useful: http://singlemom.com/CAREER/education_resources.HTM Go to the library and seek out one of those big fat books on how to find scholarships, though I suspect with the short time frame you have, you may be hosed.

You might have to bite the bullet and take a year off to catch up on the bills (get a job!). It’s hard doing the single parent juggle, but been there, done that..heck, still doing it!

The financial aid office at the college may also be a big help. ASK! The worst you get is a no.

Also, any family you can tap? Can the kid’s dad take them for a year so you can downsize your living arrangement and costs so you can finish?

Anything left of value you can sell? Wedding ring???

If your credit isn’t great and you don’t own a home I’m not sure you can get a loan, but certainly the school’s financial aid office will know the answer.

Quite frankly, it is pure BS to think you won’t finish college if you don’t get to do it now. Might it take a couple more years, yeah, but if it is important to you, you will find a way.

Too many people aren’t willing to use their head and explore all options, they want it handed to themselves. If you really have this goal in mind than YOU have to figure it out. Waiting until nearly the last minute wasn’t a great idea.

I’ve been raising 3 kids on my own for 17 years. Yeah, at times it has been tough, and I’ve been lucky enough to have family to fall back on when things got really bad.

So…put it all down on paper…can you cut expenses? (place kids with family, take in a roommate, get a cheaper car) can you go part time and work part time?

Write it all down FIRST, don’t rule stuff out you haven’t really researched. Then work your way down the list.

Where there’s a will, there IS a way.

Incidentally, Texas Instruments paid for the last 2 years of my BS in full, in advance. I don’t think employer plans are that generous anymore (it was 20 years ago) but ya never know. Some will let you work around your class schedule.

Good luck.

I found this site..might be useful:
http://singlemom.com/CAREER/education_resources.HTM

]]> Comment on How To Avoid Paying Post College Debt by geek49203 http://www.21andbroke.com/how-to-avoid-paying-post-college-debt.html#comment-237 geek49203 Sun, 04 Sep 2011 20:16:16 +0000 http://www.21andbroke.com/?p=109#comment-237 First, you need to be wokring w/ the financial aid office here. It seems to me that you need to look for scholarships, not to pay off the debt, but to finish up your classes. Second, as I recall you can get a "deferrment" on your loan payments if you're enrolled in enough classes. That means that you don't make payments for a while. First, you need to be wokring w/ the financial aid office here. It seems to me that you need to look for scholarships, not to pay off the debt, but to finish up your classes.

Second, as I recall you can get a “deferrment” on your loan payments if you’re enrolled in enough classes. That means that you don’t make payments for a while.

]]> Comment on How To Avoid Paying Post College Debt by karen d http://www.21andbroke.com/how-to-avoid-paying-post-college-debt.html#comment-236 karen d Sun, 04 Sep 2011 20:10:12 +0000 http://www.21andbroke.com/?p=109#comment-236 have you tried to get a federal grant to help pay for the rest of your college??? have you tried to get a federal grant to help pay for the rest of your college???

]]> Comment on How To Avoid Paying Post College Debt by car_craze_gal 1970 http://www.21andbroke.com/how-to-avoid-paying-post-college-debt.html#comment-235 car_craze_gal 1970 Sun, 04 Sep 2011 19:30:06 +0000 http://www.21andbroke.com/?p=109#comment-235 PELL Grant- do not have to pay back Student Loans- start to pay back 6 months after graduation PELL Grant- do not have to pay back
Student Loans- start to pay back 6 months after graduation

]]> Comment on How Can You Consolidate Your Debt by undir http://www.21andbroke.com/how-can-you-consolidate-your-debt.html#comment-178 undir Thu, 23 Jun 2011 09:10:51 +0000 http://www.21andbroke.com/?p=28#comment-178 Iceland did not refuse to pay the national debt. The referendum was not about whether we should pay it or not. It was about whether we should accept to pay it with the terms put forward by the UK and the Netherlands. Those terms were extremely unfair towards Iceland and therefore we said "no" to the terms. That doesn't mean we are not going to pay the debt. It means we have to continue negotiations to get more acceptable terms. We will pay the debt. We have no choice. Countries cannot simply refuse to pay back their debts. The lenders would simply not accept that and would find ways to force the country to pay back. If a country refused to pay its debt, its economy would completely crash, they would not be able to get any loans again, other countries would refuse to do business with them etc. A country would pretty much isolate itself and bring a lot of trouble upon itself if it refused to pay. Even if it was a large country like the US. Iceland did not refuse to pay the national debt. The referendum was not about whether we should pay it or not. It was about whether we should accept to pay it with the terms put forward by the UK and the Netherlands. Those terms were extremely unfair towards Iceland and therefore we said “no” to the terms. That doesn’t mean we are not going to pay the debt. It means we have to continue negotiations to get more acceptable terms. We will pay the debt. We have no choice.

Countries cannot simply refuse to pay back their debts. The lenders would simply not accept that and would find ways to force the country to pay back. If a country refused to pay its debt, its economy would completely crash, they would not be able to get any loans again, other countries would refuse to do business with them etc. A country would pretty much isolate itself and bring a lot of trouble upon itself if it refused to pay. Even if it was a large country like the US.

]]> Comment on How Can You Consolidate Your Debt by Geology Rock Star http://www.21andbroke.com/how-can-you-consolidate-your-debt.html#comment-177 Geology Rock Star Thu, 23 Jun 2011 08:47:56 +0000 http://www.21andbroke.com/?p=28#comment-177 We'll be f*cked. We need to start paying off our debt and soon. Our economy will collapse even more than it already has. Sadly, in order to do this we need to both cut spending and raise taxes, it will hurt in the short term, but we will be better off in the long run We’ll be f*cked.
We need to start paying off our debt and soon.
Our economy will collapse even more than it already has. Sadly, in order to do this we need to both cut spending and raise taxes, it will hurt in the short term, but we will be better off in the long run

]]> Comment on How Can You Consolidate Your Debt by Bored Goblin http://www.21andbroke.com/how-can-you-consolidate-your-debt.html#comment-176 Bored Goblin Thu, 23 Jun 2011 08:08:21 +0000 http://www.21andbroke.com/?p=28#comment-176 same thing that is happening to Iceland now - it cannot borrow internationally anymore, which puts a limit on it growth. US defaulting on debt will indeed have substantial impact on other economies who have invested their savings into US. same thing that is happening to Iceland now – it cannot borrow internationally anymore, which puts a limit on it growth.

US defaulting on debt will indeed have substantial impact on other economies who have invested their savings into US.

]]> Comment on Help With College Student Credit Cards by onlybaby90 http://www.21andbroke.com/help-with-college-student-credit-cards.html#comment-153 onlybaby90 Wed, 15 Jun 2011 15:05:03 +0000 http://www.21andbroke.com/?p=24#comment-153 I'm a freshman in college and have one credit card with only a $500 limit....THAT'S IT. I will not get any more credit cards. So far the only thing I've bought on my card is bus tickets to go home and Microsoft Office word, and ALL of it has been paid back. Its about self control people. You DON'T need that new Prada Bag!!!!! I’m a freshman in college and have one credit card with only a $500 limit….THAT’S IT. I will not get any more credit cards. So far the only thing I’ve bought on my card is bus tickets to go home and Microsoft Office word, and ALL of it has been paid back. Its about self control people. You DON’T need that new Prada Bag!!!!!

]]> Comment on Help With College Student Credit Cards by twowheels07 http://www.21andbroke.com/help-with-college-student-credit-cards.html#comment-152 twowheels07 Wed, 15 Jun 2011 14:07:25 +0000 http://www.21andbroke.com/?p=24#comment-152 You do NOT need a credit card. A debit card will allow you to do anything a credit card will EXCEPT get you into debt. If you cant pay cash you can't afford it! And that includes cars. if you use your head you can own good quality late model used cars for life without debt. Why not teach our kids to save and invest instead of spend and get debt? You do NOT need a credit card. A debit card will allow you to do anything a credit card will EXCEPT get you into debt. If you cant pay cash you can’t afford it! And that includes cars. if you use your head you can own good quality late model used cars for life without debt.

Why not teach our kids to save and invest instead of spend and get debt?

]]> Comment on Help With College Student Credit Cards by oczindian03 http://www.21andbroke.com/help-with-college-student-credit-cards.html#comment-151 oczindian03 Wed, 15 Jun 2011 14:00:12 +0000 http://www.21andbroke.com/?p=24#comment-151 not entirely true. are you going to save up money and buy a house with cash? No your going to take out a 30 year mortgage. Strong credit will give you low interest rates. not entirely true. are you going to save up money and buy a house with cash? No your going to take out a 30 year mortgage. Strong credit will give you low interest rates.

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