Discussion in 'Black Education / Schools' started by KWABENA, Jan 25, 2009.
I thank Heaven that I have not taken out any loans!
you and me both..........i feel sorry for the future generations that have to pay for college tuition, because it's only going to continue to rise............
We are less than 2 days into the new semester (although I will be taking off this semester for personal reasons). Although it is nothing new to me, because I have stood out and seen many generations of New / Transfer students, it is going to get much worse. For starters, we actually think that deferring so much of our payments is going to help us. Sure, it will help us as we go about the semester, but who knows what will be happening by the time we graduate?
I was speaking with my mother (who is over 40) yesterday about this - even she is struggling to pay back all of that money in loans. Then again that's besides the point-
There are powerful people who are engineering the financial disaster that leads to tuition freezes, hiring freezes, unreasonable fees added to tuition bills, room and board rip-offs, extra money per credit hour - by the time the average student realizes this, they will be too overloaded with coursework to give it attention. The easy way out would be to say "well it doesn't matter. I will get a good career, and pay everything off in 4-5 years. That makes sense, until you realize that 40-50 million other graduates are trying to do the same thing, when obviously they are not studying the same thing, and not everyone's field of study is in high demand at this time. So what is the guarantee?
There are also students (this is where our minds are) who are taking out over $5,000 worth of loans just to get a "phat" refund check. Once they get that refund check, they are buying new clothes, sneakers, outfits, sound systems; trying to come to class looking like a celebrity. They are also taking more credits (as a full-time student you are charged when taking more than 12 credits per semester) so they can graduate faster. This is easy grounds for making the statement that "we are passing through courses, but courses are not passing through us." We have all these credits, about to graduate, and don't know nothing, but how to study notes and pass an exam. The younger the generation, my brotha, the worse it will get. When I say this, I am speaking of every ethnicity and nationality.
Maybe it might depend on the school, but here, we are being prepared to become digi-slaves for the next century. Moreover, we are being told that we will have a great future, and make a whole lot of money, but then every bit of it will be blown due to outrageous living expenses, car notes, taking care of children; it doesn't look bright to me. Add on to that life insurance, health insurance, car insurance, ... I had one class last semester where we did this activity. Everyone had to write on one sheet of paper what concerns we had for the future for ourselves, and what concerns we had for our families on another sheet. Would you know most of us said Financial - loans, insurance, mortgage, no retirement, no pensions, and I can go on and on. Point is, the light is not as bright as we are being made to believe.
The mere fact that grants and scholarships are declining but loans and lenders available are rising, is a big clue to what is to come not only for us, but for the current generations in high school. Do as I am doing - get finances straight as early as possible!
See...this is exactly what I am talking about. An article published in my University's student newspaper:
I say again - Do not take out Loans! As a matter of fact, I will be a bit more lenient and say be very careful as you decide on how to finance your way through college. The article features a sophomore undergraduate student who is a full-time student, works two jobs, and owes approximately $26,000 in loans. That is a critical position to be in, because your academic, physical, and financial well-being are all at high risk. The future outlook for those interested in attending college is not as good as it seems...
what about grants ?
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