Beware of student loans!

[hubag bohol]

The $555,000 Student-Loan Burden

by Mary Pilon
Tuesday, February 16, 2010

from The Wall Street Journal


When Michelle Bisutti, a 41-year-old family practitioner in Columbus, Ohio, finished medical school in 2003, her student-loan debt amounted to roughly $250,000. Since then, it has ballooned to $555,000.

It is the result of her deferring loan payments while she completed her residency, default charges and relentlessly compounding interest rates. Among the charges: a single $53,870 fee for when her loan was turned over to a collection agency.

"Maybe half of it was my fault because I didn't look at the fine print," Dr. Bisutti says. "But this is just outrageous now."

To be sure, Dr. Bisutti's case is extreme, and lenders say student-loan terms are clear and that they try to work with borrowers who get in trouble.

But as tuitions rise, many people are borrowing heavily to pay their bills. Some no doubt view it as "good debt," because an education can lead to a higher salary. But in practice, student loans are one of the most toxic debts, requiring extreme consumer caution and, as Dr. Bisutti learned, responsibility.

Unlike other kinds of debt, student loans can be particularly hard to wriggle out of. Homeowners who can't make their mortgage payments can hand over the keys to their house to their lender. Credit-card and even gambling debts can be discharged in bankruptcy. But ditching a student loan is virtually impossible, especially once a collection agency gets involved. Although lenders may trim payments, getting fees or principals waived seldom happens.

[jas4]

and this is not applicable in the philippines...

[Batang botan]

and this is not applicable in the philippines...

For you it's not. But for us we can do it....

[ms da binsi]

naglisud man gani ug bajad ang mga taga diri nga naa dajun trabaho ang sa atoa pa nga di ka trabaho...

i wont advice it to my family either.

[vrglguapo]

Kamahal ba ana diri ang student loan thru government ug nursing imong kuhaon pag nakagraduate ka ang ilang approximate nga bayaran is 20,000 euros..

[vrglguapo]

Ang mahal lang diri ug dili ka considered EU student the tuition is very expensive like my son is studying Mech.Eng.and he is considered an EU student kay dugay na diri and among yearly tuition is 1600 euros per year pero ug dili ka pa considered EU student we will pay approximate of 6,000 euros a year..

[hubag bohol]

Sa ahong paminaw, sa Amerika tua ang tang pamaagi sa pangwarta, apil na ang pagluslos sa mga estudyante. Patjon ka sa fine print. The devil is, indeed, in the details.

[Scarb]

 ah ka grabe gud ana? ma püd² na laman tag tinarbaho ana unya lumoz japon sa utang..? 

    maau gani sa una nga pinobreng pag eskwela bizan naka prenda ug nag ka utang²
      @least wla mangutang sa banko..huuh


  during ur studies,its "logisch" dat u dont have income @ all
    so derz no amortization dat take over...but the interest still going on
       and interest will be accumulated from year to years
(Bank has no consideration of ur financial status or capability)
  the moment u start paying back, u just start paying d 'interest,
    the real amount of debt is still there...hay§ 

je longer ur endowment from d'bank, desto bigger d'interest rate they hack on ur knees - awooh !

[hubag bohol]

Lisod jud, peligro jamo nga wa pa gani mahuman atong thesis, gitisis na ta...

[jas4]

For you it's not. But for us we can do it....

Mao ba? naa diay ni sa Bohol???

[Scarb]

Mao ba? naa diay ni sa Bohol???

kuyaw kaau diay na JAS ky ang dli mahimo sa uban yakang-yaka ra nya? outsch !

[Scarb]

Lisod jud, peligro jamo nga wa pa gani mahuman atong thesis, gitisis na ta...

nyahahaha kulinaris aw koliriz gitizis na laman ug huna² zaon pagdali homan sa thesis
ang utang ala pa japon masugdi ug bayad,
ug maoy magdaghan pati credit institute mabowazot 

[statesville]

These days that the economy is shaking lisod
  sa mga students ig graduate may utang
  unya lisod pa gyud mangitag trabaho.

At least those in the healthcare still has little chance
  to get a job, kay dili man  mahimo balhinon ang
   ospital ngadto sa China or Mexico. 

[hubag bohol]

Di ba diha man toy earlier thread kon unsay buhaton sa pipila ka female college students para maka-graduate without having to incur loans?

[jas4]

Di ba diha man toy earlier thread kon unsay buhaton sa pipila ka female college students para maka-graduate without having to incur loans?

naa na daghan ana imong gipasabot...

[bugsay]

naa na daghan ana imong gipasabot...

asa dapit bai Jaz4?

[hubag bohol]

naa na daghan ana imong gipasabot...

Ah, mao ba? Kahinumdom ko at least one, kadtong bahin sa tuition fees. Unsa gani to...

[Scarb]

Ah, mao ba? Kahinumdom ko at least one, kadtong bahin sa tuition fees. Unsa gani to...

ah kadto tali thread nga "Prostuition"..? nagpa #3 ka ha?tsk³

[hubag bohol]

ah kadto tali thread nga "Prostuition"..? nagpa #3 ka ha?tsk³

Bwahaha. Innate intelligence is one thing, institutional memory is another!

But then again, what's a numeral if it's not just once removed from reality...

[hubag bohol]

ah kadto tali thread nga "Prostuition"..? nagpa #3 ka ha?tsk³

Bwahaha. Innate intelligence is one thing, institutional memory is another!

But then again, what's a numeral if it's not just once removed from reality...

[Scarb]

Bwahaha. Innate intelligence is one thing, institutional memory is another!

But then again, what's a numeral if it's not just once removed from reality...

absolutely korekekek..pluz punkt..!

[Moyhua]

Aw ako jud student loan ko dri. Two months after ko ni abot school naman ko... unya after one pa pod sa akong pag graduate ko gipasugod bayad....at least naa student loan naka eskwela ko..