student loans

tubabuddha · Post by **tubabuddha** » Sat Aug 18, 2007 1:50 am

what are some good places to apply for student loans other then at the school?

SRanney · Post by **SRanney** » Sat Aug 18, 2007 8:22 am

Most banks and credit unions will often times match the terms and conditions provided to you by the government.

Interest is essentially free money to lenders; any place that loans money will probably give you a student loan, provided you meet their criteria. Google "student loan" and you'll receive roughly 32,000,000 hits in return.

SR

MikeMason · Post by **MikeMason** » Sat Aug 18, 2007 9:14 pm

If you really think interest received on loaned money is "free money" to lenders,you aren't ready to be giving financial advice to young tubenetters.Someone please splain this to him.I'm a little too beat right now to come up with a comprehensive explanation ...

MartyNeilan · Post by **MartyNeilan** » Sat Aug 18, 2007 10:18 pm

Please Be Careful!!
My student loan payments are reasonable. An inconvenience, but nonetheless reasonable.
My wife's total undergrad and grad loans together could buy a decent house. A very decent house. It puts severe limitations on what we can do and where we can live. In fact, 2 years ago I considered going to seminary and one of the first questions on the application was how much do you owe for loans, and how much does your spouse owe. I would not have been accepted. *
With a music or music ed degree, do you really want those limitations??
Marty "who rode a bike the better part of his undergrad and bought lunch less than 4 times"

* While this seems unreasonable on the surface, they know that those just starting out in the ministry will probably not make much and may never wind up making much, so they don't want to risk temptation or failure.

MartyNeilan · Post by **MartyNeilan** » Sun Aug 19, 2007 1:05 am

Bob1062 wrote:And I was able to play college basketball (REAL college ball NAIA Div. II)

Do tell, Bob, do tell!

CC · Post by CC » Sun Aug 19, 2007 12:18 pm

bloke wrote:.. ..-. / -.-- --- ..- / .- .-. . / -. --- - / -.-. .- .-. . ..-. ..- .-.. --..-- / -.-- --- ..- / -- .. --. .... - / ..-. .. -. -.. / -.-- --- ..- .-. ... . .-.. ..-. / .--. .-.. .- -.-- .. -. --. / .- / ... --- ..- ... .- .--. .... --- -. . / ..-. --- .-. / -.. . .- -.. / .--. . --- .--. .-.. . / ... . ...- . .-. .- .-.. / - .. -- . ... / . .- -.-. .... / -.. .- -.-- .-.-.-

...and a job is such a bad thing these days?

SRanney · Post by **SRanney** » Fri Aug 24, 2007 11:55 am

MikeMason wrote:If you really think interest received on loaned money is "free money" to lenders,you aren't ready to be giving financial advice to young tubenetters.Someone please splain this to him.I'm a little too beat right now to come up with a comprehensive explanation ...

Hmm - didn't mean to put you in a tizzy. All I was trying to intimate to the poster was that any place that loans money, provided that a borrower meets certain criteria, would be willing to lend money at a given interest rate. Labor costs, time/paperwork, non-payment by other borrowers are, of course, part of what mine and your interest payments cover, and are considered losses by financial institutions. BUT, in a perfect world, one in which everyone made their payments on time, interest (above and beyond what the lender spends on labor, time/paperwork, etc.) could be considered free money.

I never claimed that I was a financial advisor. How does the old saying go - free advice is worth what you pay for it; sound right? Besides, aren't the opinions of the TubeNet freak jury to be taken with a grain of salt?

Anyway, hope you're no longer beat.

SR

MartyNeilan · Post by **MartyNeilan** » Sat Aug 25, 2007 4:02 pm

SRanney wrote:Hmm - didn't mean to put you in a tizzy. All I was trying to intimate to the poster was that any place that loans money, provided that a borrower meets certain criteria, would be willing to lend money at a given interest rate. Labor costs, time/paperwork, non-payment by other borrowers are, of course, part of what mine and your interest payments cover, and are considered losses by financial institutions.

They get it other ways besides interest. I learned that the hard way a couple of years ago. A little short this semester? Take out a $2000 student loan. BUT, your check will only be about $1600-$1800. The "bank" keeps the rest as part of the loan charge, even though you still owe $2000 plus interest. The first one or two times I saw this, I thought I was bring scammed until Financial Aid explained that is how things work. So, they really do get you coming and going.