Student loans

Strobe Media

Strobe Media

Well-known member
Thought this would be the appropriate place to ask about money haha. I'm transferring to a more expensive school this year and I need to take out loans. I need to borrow about $17,000 a year for 3 years. Everywhere i've been checking requires a cosigner since I don't have a ton of credit established yet, but my parents don't wanna cosign for that much money. Does anyone know of any private lenders that don't require a cosigner?
 
Do you *really* want to pick up over $50,000 of unforgiveable debt, in this economy right now...?

Maybe it's the only way to get where you want to go, but it's worth thinking long and hard before committing yourself to that kind of obligation, right out of the gate.
 
I got mine through Chase.

Just a heads up, but my $30,000 in student loans won't be paid off until 2026, and I've been paying on them for almost 5 years now.
 
I agree with Sad Max on thinking about it, and if it's really what you want AND you can get some decent loans, whether through FAFSA, a private loan, the school itself, scholarships, grants, etc, then by all means go for it. but really look into it, finding the funding for school can be a huge pain in the ass, but in the end it will be worth it - a secondary education will probably never hurt your career in any way. I've gotten every job/gig/etc from my connections made in college
 
Just make sure you can get it all. I took out around $32,000 during my first 4 years of school. I changed majors too much to graduate in that amount of time, and I couldn't get any more loans to keep going. I scraped up enough cash to transfer my credits to the tech school down the road and get an associate's degree. Now I've got the most expensive associate of arts degree ever
 
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man do i hate paying all this money each month for student loans. mine aren't that bad, but my wife....

first she went to a private college and took out lots of loans for her bachelors. :Drogar-Shock(DBG):

after graduating she decided she wanted to go to medical school. because her bachelors was in a completely unrelated field, she ended at another college taking all these science classes to get her pre-requisites. so she put her original student loans in deferment and took on new loans. :Drogar-BlackEye(DBG

after taking all the classes for entry to medical school she decided that nursing would better fit her goals of starting a family because there is less time commitment. so it was off to get a degree in nursing and more loans. :-KnockedOut(D

and now our loan payments are almost as much as our mortgage. :violent5:
 
my parents don't wanna cosign for that much money. Does anyone know of any private lenders that don't require a cosigner?
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Not a good sign when your parents don't think you have the chops to finish school and become employed after.
 
Well...that's not necessarily fair. Maybe they're just not in the position to assume any more risk than they already have. And the conventional wisdom is that parents are foolish to assume education-debt for their children, if there's any other way to find the money.

Anyway, so what? My college major made zero sense to my parents, and it wasn't until I demonstrated to my dad that I could earn a living at my trade that he ever really believed it.
 
it's not that they don't believe i won't graduate or be successful, but in this economy, and finding a job, they don't wanna be responsible for that if for some reason I can't pay it off.
 
Well, then - do you? Remember that barring changes in the law, this is not debt that you will ever be able to escape save by paying it off. On the lender's terms.

Look, some things you just *have* to go to school, for. Some things, you really don't.

FWIW I don't find that I use much of anything that I learned in classrooms or on assignments, in my present work, and I have 20 years in film/tv production and bring in six figures yearly, doing it. If I had skipped undergrad school, gone straight to work, and gained four years' extra professional experience, maybe I'd be drawing seven figures a year, now. I don't know. But in terms of technical training, you don't need college; go for on-the-job training, or specialized professional coursework on a class-by-class basis. If you want to do the whole 'film school for connections' thing, I guess that's tough to argue with: USC, UCLA, and NYU will offer chances to become very well-networked, indeed. But you have to be confident that the connections you'll make will pay off the debts that you will incur...
 
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