Student Loans: Til Debt Do Us Part

A project by a group of journalism students about the concerns of students regarding student loans and debt. This video is an attempt to demystify and clarify some of the common misconceptions of the student loan process.

Category:

Education

Tags:

• student loans
• federal loans
• private loans
• student debt
• financial aid
• oregon school of journalism

[lstone12]

pays you around 15 an hour. Work 40 hours a week at 15 an hour for 6 months you will have about 14,000 after a few things to pay for like food and gas and car insurance. Take that 14,000 and subtract it from 22,000 you are only left paying 8,000 in student loans. Along the way you will get working experience, learned hard work and have your loans payed off by the first year out of collage. How many people can say that. Also you would not have to have your parents do it for you! Good luck

[lstone12]

work 20 hours a week at about 8 an hour. (less hours because of school) you will make 7,000 a year thats 14,000 saved up by the time you graduate. If you take out a loan for lets say 36,000 you will have to pay about 40,000 of it back. but you will have saved up the 14,000 so you will only have to pay back 22,000.. Wait, you have 6 months before you have to start paying that loan off right??? For 6 months live with your parents or somewhere free. The ave job after collage... continue..

[lstone12]

so you can do one of two things after high school work one year or take a break. But if you can't get a parent to give you a loan first take a year off it will give you time to really learn how hard you have to work for that $ and maybe take collage more seriously. So say you graduate high school and work 40 hours a week at 7 an hour you will make. 14,000 take that money to pay for first two years of community collage. Next the two years that you are at a university continued....

[lstone12]

If you work 20 hours a week and get payed 8/hour. You will get about 29,000 by the end of 4 years. My advice go to a community collage for 2 years on average it is 8,000 a year so there is 16,000. you still have 13,000 left to spend. Take one year off from school. ( trust me with this) Because a lot of the time when you leave a community collage and then go to the university you change your major at least once. This year will give you time to figure out what you want and a bonus.. continued..

[Tatkitten]

WHOOT!!! I finished my higher education with on debt at all! Never took a single loan.

[tudorjason]

@waverly2468

Most students receive financial aid, and when they do, they have to maintain full-time status as a student, even though, quite often, financial aid won't pay for everything. So if students want at least some of their education paid for by the government, they can't take one class at a time.

It's a catch-22 that, I guess, a lot of people don't realize or don't think about.

[waverly2468]

These students are taking a HUGE risk. Many financial writers are saying DON'T borrow money to go to college. It's like borrowing money from Al Capone. If you default on a federal loan (or any student loan) you will be hounded for the rest of your life. You CANNOT declare bankruptcy on student loans. Just take one class a semester if that's all you can afford. It's hard to pay off $2000 owed on a credit card--but $22K in TOXIC student loan debt? That's scarier than "SAW 4".

[underscorex5]

Thanks for posting :)

[FaithfulAndTrue1]

The #1 selling point 2:38.... SOLD!