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(OT) More debt for college students


Fezmid

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How awful that students who are getting an education thanks to grants or loans from other people would be asked to contribute such mighty sums ($2?) to allow others to have the same opportunity. :doh:

 

And I must have missed the part where they said the donations were compulsory.

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http://www.cnn.com/2005/EDUCATION/02/07/un...s.ap/index.html

 

Let's force undergrads to not only go into major dept PAYING for their tuition, but ask them to donate even more so that they can go further into debt.  At the same time, we'll increase tuition 10% a year.

 

CW

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97.6% of the money I paid back to my student loans last year was interest. Of the thousands I repaid, 2.4% went towards the actual loan. Can't wait for 2045 when they are paid off....

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that is basically what pataki made SUNY students do... plus he cut my schools budget. So i am paying more for less :I starred in Brokeback Mountain: :I starred in Brokeback Mountain: It is rediculous how much he has screwed colleges over in the past 10 years.

Brockport is so underfunded that in 03 we approved a recreation center referendum where our student gov't fee's cover 10 million over so many years and the state pays 20 million. The state has yet to even vote on this and it was originally supposed to be finished by Fall '06

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I fail to see where this is a story. An institution is asking for a charitable contribution. How is this any different from the Red Cross holding a blood drive. You are being asked to give of yourself to help others. If you decide not to give, that is your choice and you face no repercussions. Nobody is forcing you to do anything.

 

Again, where is the problem?

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I fail to see where this is a story. An institution is asking for a charitable contribution. How is this any different from the Red Cross holding a blood drive. You are being asked to give of yourself to help others. If you decide not to give, that is your choice and you face no repercussions. Nobody is forcing you to do anything.

 

Again, where is the problem?

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State college students are usually broke and they are asking for donations from these students <_< that is very unrealistic as many would not be in state schools if they could afford (myself included)

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State college students are usually broke and they are asking for donations from these students <_< that is very unrealistic as many would not be in state schools if they could afford (myself included)

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So don't donate. Again, where is the major story here?

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I fail to see where this is a story. An institution is asking for a charitable contribution. How is this any different from the Red Cross holding a blood drive. You are being asked to give of yourself to help others. If you decide not to give, that is your choice and you face no repercussions. Nobody is forcing you to do anything.

 

Again, where is the problem?

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Not only "where is the problem?" but as you say "where is the story?" My campus always had people trying to raise money...a buck here or two bucks there...for a number of causes. Why this deserves a story is beyond me.

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97.6% of the money I paid back to my student loans last year was interest. Of the thousands I repaid, 2.4% went towards the actual loan.  Can't wait for 2045 when they are paid off....

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student loan interest rates are like 3%...how are you paying all that interest...did you go to Fredonia Med school

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97.6% of the money I paid back to my student loans last year was interest. Of the thousands I repaid, 2.4% went towards the actual loan.  Can't wait for 2045 when they are paid off....

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Overpay the minimum payment by whatever you can afford to start tackling the principal, and saving you thousands on interest down the road.

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Not only "where is the problem?" but as you say "where is the story?" My campus always had people trying to raise money...a buck here or two bucks there...for a number of causes. Why this deserves a story is beyond me.

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Exactly. You pick and choose who you donate to or if you donate at all.

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State college students are usually broke and they are asking for donations from these students <_< that is very unrealistic as many would not be in state schools if they could afford (myself included)

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That was addressed in the story. Part of the idea is to get students involved in the giving process (even at a very low level) in the hopes that they will continue after graduation when they presumably will have more money.

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That was addressed in the story.  Part of the idea is to get students involved in the giving process (even at a very low level) in the hopes that they will continue after graduation when they presumably will have more money.

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the point I am making is that after we graduate we are more likely to contribute upon request as we will have the money that we don't have now

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97.6% of the money I paid back to my student loans last year was interest. Of the thousands I repaid, 2.4% went towards the actual loan.  Can't wait for 2045 when they are paid off....

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I guess you have never heard of an annuity loan. It is typical for this type of loan to pay a constant amount of money a month, the so-called annuity,: In the early years, annuitites mainly consist of interest rate re-payments, whereas in later years the percentage of repayment of the face value increases.

 

However, one should not confuse the fact that over 90% of the early annutities consist of insterest payments with the statment that the loan has an interest rate of 90%.

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the point I am making is that after we graduate we are more likely to contribute upon request as we will have the money that we don't have now

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Exactly. And I find it irresponsible for the University to be asking for the money in the first place. Shouldn't the student put that $2 towards their OWN education first?

 

The blood drive isn't a good comparison, because blood is free. In a time when a large percentage of our country is in heavy debt, why try guilting people into going deeper into debt?

 

I have no problem with the schools asking alumni for money; but undergrads? If you have a job and are paying taxes, you're ALREADY donating money to tye school.

 

I just find it tacky, tasteless and irresponsible.

 

CW

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97.6% of the money I paid back to my student loans last year was interest. Of the thousands I repaid, 2.4% went towards the actual loan.  Can't wait for 2045 when they are paid off....

233332[/snapback]

 

 

Maybe you should have borrowed a little more and taken a finance class! <_<<_<

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student loan interest rates are like 3%...how are you paying all that interest...did you go to Fredonia Med school

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All I know is that 90+% of every payment i make so far (and I started with the lowest monthly payments) goes to the interest. Once I made a late payment, and 100% of that payment went to the interest. Not one dime went to the principle.

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