Forum Replies Created
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Raybyrnes
Participantblue_sky
People sometime exaggerate their income. If we were in NY I might buy it. San Diego, sorry show me the pay check. 35$ an hour after they have experience.
A good deal for nurses is that if they are lower income and canqualify for a Perkins loan this can be forgivable.
Smart nurses do well when they do their 5 years and move into administration positions. Can estend the longevity of their careers.
Participantblue_sky
People sometime exaggerate their income. If we were in NY I might buy it. San Diego, sorry show me the pay check. 35$ an hour after they have experience.
A good deal for nurses is that if they are lower income and canqualify for a Perkins loan this can be forgivable.
Smart nurses do well when they do their 5 years and move into administration positions. Can estend the longevity of their careers.
Participantblue_sky
People sometime exaggerate their income. If we were in NY I might buy it. San Diego, sorry show me the pay check. 35$ an hour after they have experience.
A good deal for nurses is that if they are lower income and canqualify for a Perkins loan this can be forgivable.
Smart nurses do well when they do their 5 years and move into administration positions. Can estend the longevity of their careers.
Participantblue_sky
People sometime exaggerate their income. If we were in NY I might buy it. San Diego, sorry show me the pay check. 35$ an hour after they have experience.
A good deal for nurses is that if they are lower income and canqualify for a Perkins loan this can be forgivable.
Smart nurses do well when they do their 5 years and move into administration positions. Can estend the longevity of their careers.
ParticipantUnfortunately times have changed and the reality is that the cost of Education is such that there is no way that a student can pay for it on their own.
Paretns who talk about the fact that they worked their way through college are missing the fact that Reganomics stole from the future generationds and wealth has transferred from affordable education into now unaffordable homes. You can’t gloat about home equity and simultaneously frown at the fact that the goivernment is expecting parents to foot the bill. Not that CMcG is asserting that. Just my own blanket statement.
With respect to nurses getting paid 100k in San Diego the poster is misguided. San Diego pays nurses very low when compared to cities like San Fran Los Angesles, etc. Nurses who have time in are making about $35 an hour. Don’t know where you are coming up with your 100K. Would be a very rare situation.
ParticipantUnfortunately times have changed and the reality is that the cost of Education is such that there is no way that a student can pay for it on their own.
Paretns who talk about the fact that they worked their way through college are missing the fact that Reganomics stole from the future generationds and wealth has transferred from affordable education into now unaffordable homes. You can’t gloat about home equity and simultaneously frown at the fact that the goivernment is expecting parents to foot the bill. Not that CMcG is asserting that. Just my own blanket statement.
With respect to nurses getting paid 100k in San Diego the poster is misguided. San Diego pays nurses very low when compared to cities like San Fran Los Angesles, etc. Nurses who have time in are making about $35 an hour. Don’t know where you are coming up with your 100K. Would be a very rare situation.
ParticipantUnfortunately times have changed and the reality is that the cost of Education is such that there is no way that a student can pay for it on their own.
Paretns who talk about the fact that they worked their way through college are missing the fact that Reganomics stole from the future generationds and wealth has transferred from affordable education into now unaffordable homes. You can’t gloat about home equity and simultaneously frown at the fact that the goivernment is expecting parents to foot the bill. Not that CMcG is asserting that. Just my own blanket statement.
With respect to nurses getting paid 100k in San Diego the poster is misguided. San Diego pays nurses very low when compared to cities like San Fran Los Angesles, etc. Nurses who have time in are making about $35 an hour. Don’t know where you are coming up with your 100K. Would be a very rare situation.
ParticipantUnfortunately times have changed and the reality is that the cost of Education is such that there is no way that a student can pay for it on their own.
Paretns who talk about the fact that they worked their way through college are missing the fact that Reganomics stole from the future generationds and wealth has transferred from affordable education into now unaffordable homes. You can’t gloat about home equity and simultaneously frown at the fact that the goivernment is expecting parents to foot the bill. Not that CMcG is asserting that. Just my own blanket statement.
With respect to nurses getting paid 100k in San Diego the poster is misguided. San Diego pays nurses very low when compared to cities like San Fran Los Angesles, etc. Nurses who have time in are making about $35 an hour. Don’t know where you are coming up with your 100K. Would be a very rare situation.
ParticipantUnfortunately times have changed and the reality is that the cost of Education is such that there is no way that a student can pay for it on their own.
Paretns who talk about the fact that they worked their way through college are missing the fact that Reganomics stole from the future generationds and wealth has transferred from affordable education into now unaffordable homes. You can’t gloat about home equity and simultaneously frown at the fact that the goivernment is expecting parents to foot the bill. Not that CMcG is asserting that. Just my own blanket statement.
With respect to nurses getting paid 100k in San Diego the poster is misguided. San Diego pays nurses very low when compared to cities like San Fran Los Angesles, etc. Nurses who have time in are making about $35 an hour. Don’t know where you are coming up with your 100K. Would be a very rare situation.
ParticipantCMcG
Doesn’t make a lot of sense why a parent would pay for 2 years of school without being committed to the full boat. Sort of like helping a kid swim half way across the pond. If they can’t make it all the way across you are only helping them to drown.
That being said you can help your student in a couple of ways. With loan options the federal government provides parents with the PLUS loan currently fixed at 8.5% or 7.9 at Direct lending schools. On trick with this loan is that if you apply for it but use a wrong social security you will come up declined for the loan. You can have that decline letter sent to the school and they will use that to qualify the student as an independent student. As an independent student the amount of stafford loans they are eligible for increases from 5500 as a Jr and Senior to 10500 each year. The current rate on stafford loans are 6.8% fixed and depending upon your financial status some of that might be in the form of a subsidized stafford loan (government pays the interst on the loan while the student is in school and up until 6 months after graduation)
2 other things to keep in mind about financial aid for school. First the student assests are counted far more heavily in the calculation than the parent so make sure that the student is not keeping any money in their names.
2 schools do not count you home in the asssets section. Therefore a suggestion to all parents is that if you are a current home owner with College bound student it is a good idea to open up a line of credit to give yourself access to the equity in the house. Follow that up by taking a chunk of savings and paying down the mortgage. This way you are house rich and savings poor.
Last but not least take home the minimum amount of paycheck that you can. By this I means max out 401k , Flexible spending account and dependant care accounts. The less income you have the more aid you are eligible for.
After college the student can look to move their loans to the Direct Loan Program and potentially have their loans forgiven in area like Teaching and nursing. Some websites to check out are
http://www.mapping-your-future.org/pauying/loanForgiveness.htm
http://ifap.ed.gov/regcomps/doc4280_bodyoftext.htm
http://bhpr.hrsa.gov/nursing/loanrepay.htm
Godd luck
ParticipantCMcG
Doesn’t make a lot of sense why a parent would pay for 2 years of school without being committed to the full boat. Sort of like helping a kid swim half way across the pond. If they can’t make it all the way across you are only helping them to drown.
That being said you can help your student in a couple of ways. With loan options the federal government provides parents with the PLUS loan currently fixed at 8.5% or 7.9 at Direct lending schools. On trick with this loan is that if you apply for it but use a wrong social security you will come up declined for the loan. You can have that decline letter sent to the school and they will use that to qualify the student as an independent student. As an independent student the amount of stafford loans they are eligible for increases from 5500 as a Jr and Senior to 10500 each year. The current rate on stafford loans are 6.8% fixed and depending upon your financial status some of that might be in the form of a subsidized stafford loan (government pays the interst on the loan while the student is in school and up until 6 months after graduation)
2 other things to keep in mind about financial aid for school. First the student assests are counted far more heavily in the calculation than the parent so make sure that the student is not keeping any money in their names.
2 schools do not count you home in the asssets section. Therefore a suggestion to all parents is that if you are a current home owner with College bound student it is a good idea to open up a line of credit to give yourself access to the equity in the house. Follow that up by taking a chunk of savings and paying down the mortgage. This way you are house rich and savings poor.
Last but not least take home the minimum amount of paycheck that you can. By this I means max out 401k , Flexible spending account and dependant care accounts. The less income you have the more aid you are eligible for.
After college the student can look to move their loans to the Direct Loan Program and potentially have their loans forgiven in area like Teaching and nursing. Some websites to check out are
http://www.mapping-your-future.org/pauying/loanForgiveness.htm
http://ifap.ed.gov/regcomps/doc4280_bodyoftext.htm
http://bhpr.hrsa.gov/nursing/loanrepay.htm
Godd luck
ParticipantCMcG
Doesn’t make a lot of sense why a parent would pay for 2 years of school without being committed to the full boat. Sort of like helping a kid swim half way across the pond. If they can’t make it all the way across you are only helping them to drown.
That being said you can help your student in a couple of ways. With loan options the federal government provides parents with the PLUS loan currently fixed at 8.5% or 7.9 at Direct lending schools. On trick with this loan is that if you apply for it but use a wrong social security you will come up declined for the loan. You can have that decline letter sent to the school and they will use that to qualify the student as an independent student. As an independent student the amount of stafford loans they are eligible for increases from 5500 as a Jr and Senior to 10500 each year. The current rate on stafford loans are 6.8% fixed and depending upon your financial status some of that might be in the form of a subsidized stafford loan (government pays the interst on the loan while the student is in school and up until 6 months after graduation)
2 other things to keep in mind about financial aid for school. First the student assests are counted far more heavily in the calculation than the parent so make sure that the student is not keeping any money in their names.
2 schools do not count you home in the asssets section. Therefore a suggestion to all parents is that if you are a current home owner with College bound student it is a good idea to open up a line of credit to give yourself access to the equity in the house. Follow that up by taking a chunk of savings and paying down the mortgage. This way you are house rich and savings poor.
Last but not least take home the minimum amount of paycheck that you can. By this I means max out 401k , Flexible spending account and dependant care accounts. The less income you have the more aid you are eligible for.
After college the student can look to move their loans to the Direct Loan Program and potentially have their loans forgiven in area like Teaching and nursing. Some websites to check out are
http://www.mapping-your-future.org/pauying/loanForgiveness.htm
http://ifap.ed.gov/regcomps/doc4280_bodyoftext.htm
http://bhpr.hrsa.gov/nursing/loanrepay.htm
Godd luck
ParticipantCMcG
Doesn’t make a lot of sense why a parent would pay for 2 years of school without being committed to the full boat. Sort of like helping a kid swim half way across the pond. If they can’t make it all the way across you are only helping them to drown.
That being said you can help your student in a couple of ways. With loan options the federal government provides parents with the PLUS loan currently fixed at 8.5% or 7.9 at Direct lending schools. On trick with this loan is that if you apply for it but use a wrong social security you will come up declined for the loan. You can have that decline letter sent to the school and they will use that to qualify the student as an independent student. As an independent student the amount of stafford loans they are eligible for increases from 5500 as a Jr and Senior to 10500 each year. The current rate on stafford loans are 6.8% fixed and depending upon your financial status some of that might be in the form of a subsidized stafford loan (government pays the interst on the loan while the student is in school and up until 6 months after graduation)
2 other things to keep in mind about financial aid for school. First the student assests are counted far more heavily in the calculation than the parent so make sure that the student is not keeping any money in their names.
2 schools do not count you home in the asssets section. Therefore a suggestion to all parents is that if you are a current home owner with College bound student it is a good idea to open up a line of credit to give yourself access to the equity in the house. Follow that up by taking a chunk of savings and paying down the mortgage. This way you are house rich and savings poor.
Last but not least take home the minimum amount of paycheck that you can. By this I means max out 401k , Flexible spending account and dependant care accounts. The less income you have the more aid you are eligible for.
After college the student can look to move their loans to the Direct Loan Program and potentially have their loans forgiven in area like Teaching and nursing. Some websites to check out are
http://www.mapping-your-future.org/pauying/loanForgiveness.htm
http://ifap.ed.gov/regcomps/doc4280_bodyoftext.htm
http://bhpr.hrsa.gov/nursing/loanrepay.htm
Godd luck
ParticipantCMcG
Doesn’t make a lot of sense why a parent would pay for 2 years of school without being committed to the full boat. Sort of like helping a kid swim half way across the pond. If they can’t make it all the way across you are only helping them to drown.
That being said you can help your student in a couple of ways. With loan options the federal government provides parents with the PLUS loan currently fixed at 8.5% or 7.9 at Direct lending schools. On trick with this loan is that if you apply for it but use a wrong social security you will come up declined for the loan. You can have that decline letter sent to the school and they will use that to qualify the student as an independent student. As an independent student the amount of stafford loans they are eligible for increases from 5500 as a Jr and Senior to 10500 each year. The current rate on stafford loans are 6.8% fixed and depending upon your financial status some of that might be in the form of a subsidized stafford loan (government pays the interst on the loan while the student is in school and up until 6 months after graduation)
2 other things to keep in mind about financial aid for school. First the student assests are counted far more heavily in the calculation than the parent so make sure that the student is not keeping any money in their names.
2 schools do not count you home in the asssets section. Therefore a suggestion to all parents is that if you are a current home owner with College bound student it is a good idea to open up a line of credit to give yourself access to the equity in the house. Follow that up by taking a chunk of savings and paying down the mortgage. This way you are house rich and savings poor.
Last but not least take home the minimum amount of paycheck that you can. By this I means max out 401k , Flexible spending account and dependant care accounts. The less income you have the more aid you are eligible for.
After college the student can look to move their loans to the Direct Loan Program and potentially have their loans forgiven in area like Teaching and nursing. Some websites to check out are
http://www.mapping-your-future.org/pauying/loanForgiveness.htm
http://ifap.ed.gov/regcomps/doc4280_bodyoftext.htm
http://bhpr.hrsa.gov/nursing/loanrepay.htm
Godd luck
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