Feds' loan changes hamper black college enrollment

Feb 26, 2013 Full story: SanLuisObispo.com 48

The Jackson, Tenn., native was among thousands of students who unexpectedly either had to stay at home, transfer to a less expensive school or find new money when the U.S. Department of Education quietly changed how it evaluated the credit of parents applying for a federal PLUS loan.

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“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#1 Feb 26, 2013
That's a damn shame. I understand why they had to change the regulations, but the schools should petition to change it back. It's very unfortunate. It really takes the gap and closes it. Now college is really for those who can afford it, not for those who deserve it.
So Cool

Panama City Beach, FL

#2 Feb 26, 2013
If you can't afford it, you don't deserve it. If you want it bad enough you will work part time to pay for it Thas all !

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#3 Feb 26, 2013
^is that you 2016?!?! Again?!?! Smh lol
Skolar

Sweden

#4 Feb 26, 2013
So Cool wrote:
If you can't afford it, you don't deserve it. If you want it bad enough you will work part time to pay for it Thas all !
I bees vary intelijant an wood lyke too go too kolege, butt not if I haz too werk too paye fore it. If dis hear kountree wantz too hav ejukated peeples lyke me den dey bee havin to pey fer dat privaledge. If dey mayks kolege free an da gubmint peys mi xpenses den I wood bekum a kolege grajuate in sum feeld lyke newkleer fysiks.

Since: Jan 10

Location hidden

#5 Feb 27, 2013
The loans were cut off to those who proved to be fiscally irresponsible. Repaying debts will increase your credit score, the alternative is not advisable as these people have learned. You would have thought their colleges should have taught them this in a basic economics course.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#6 Feb 27, 2013
lighteredknot wrote:
The loans were cut off to those who proved to be fiscally irresponsible. Repaying debts will increase your credit score, the alternative is not advisable as these people have learned. You would have thought their colleges should have taught them this in a basic economics course.
Clearly tou weren't educated in America because we all know, as Americans, there is no such thing as learning about credit scores in economics class let alone anything about credit. I'll ask this haphazardly did you even go to college? Because I did and economics class isn't what you purport it to be. It's merely principles of economics, nothing is depth about personal finances. If you wanted that you would go to well...finance class. Accounting, you know the business major classes. No college or university, or high school or middle school for that matter, teaches anything about credit. Again what is your point because it sounds a bit moot as of right....now *clicks post comment*

Since: Jan 10

Location hidden

#7 Feb 27, 2013
SoUnCool wrote:
<quoted text>
Clearly tou weren't educated in America because we all know, as Americans, there is no such thing as learning about credit scores in economics class let alone anything about credit. I'll ask this haphazardly did you even go to college? Because I did and economics class isn't what you purport it to be. It's merely principles of economics, nothing is depth about personal finances. If you wanted that you would go to well...finance class. Accounting, you know the business major classes. No college or university, or high school or middle school for that matter, teaches anything about credit. Again what is your point because it sounds a bit moot as of right....now *clicks post comment*
My first economics class was personal economics. Speak for the school you attended, not mine. So many people like you end up showing your shallowness by discussing subjects of which they have no personal knowledge. My high school taught a course in personal finance, sorry yours didn't, sounds as if you needed it. I could even use a business calculator for calculating interest futures before I was out of high school. This useful ability always surprised a loan officer at a bank when I applied for a loan. Bless your little heart.
jas

Anonymous Proxy

#8 Feb 27, 2013
SoUnCool wrote:
<quoted text>
Clearly tou weren't educated in America because we all know, as Americans, there is no such thing as learning about credit scores in economics class let alone anything about credit. I'll ask this haphazardly did you even go to college? Because I did and economics class isn't what you purport it to be. It's merely principles of economics, nothing is depth about personal finances. If you wanted that you would go to well...finance class. Accounting, you know the business major classes. No college or university, or high school or middle school for that matter, teaches anything about credit. Again what is your point because it sounds a bit moot as of right....now *clicks post comment*
you're nuts boy. Most high schools teach credit scores and personal finance as part of the grade 10 through 12 curriculum. Didn't you go to high school? If you did it must've been when students carried a hammer, chisel and granite tablet in their dinosaur skin back pack. Y'all should know what you're talking about before y'all start running your big stinky mouth.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#9 Feb 27, 2013
lighteredknot wrote:
<quoted text>
My first economics class was personal economics. Speak for the school you attended, not mine. So many people like you end up showing your shallowness by discussing subjects of which they have no personal knowledge. My high school taught a course in personal finance, sorry yours didn't, sounds as if you needed it. I could even use a business calculator for calculating interest futures before I was out of high school. This useful ability always surprised a loan officer at a bank when I applied for a loan. Bless your little heart.
Either you're uber young or you're fabricating what you have learned. Also I'm glad you needed a calculator to find interest...too bad I didn't need one for calculus or interest simple or compound.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#10 Feb 27, 2013
jas wrote:
<quoted text>you're nuts boy. Most high schools teach credit scores and personal finance as part of the grade 10 through 12 curriculum. Didn't you go to high school? If you did it must've been when students carried a hammer, chisel and granite tablet in their dinosaur skin back pack. Y'all should know what you're talking about before y'all start running your big stinky mouth.
See previous post...

Since: Jan 10

Location hidden

#12 Feb 28, 2013
SoUnCool wrote:
<quoted text>
Either you're uber young or you're fabricating what you have learned. Also I'm glad you needed a calculator to find interest...too bad I didn't need one for calculus or interest simple or compound.
When you don't comprehend a post it is advisable to not respond to it so all can see your incompetence. Get someone to read my post to you slowly, I said, "interest futures". Bankers relied on tables in books for this before computers were available. There as never been a "mind" which could configure interest futures. No wonder you are so lost in the area of economics. Bless your little heart.
Shady

Roseland, NJ

#14 Feb 28, 2013
Everyone know n()ggers wont do squat in college so why bother to send them.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#15 Feb 28, 2013
lighteredknot wrote:
<quoted text>
When you don't comprehend a post it is advisable to not respond to it so all can see your incompetence. Get someone to read my post to you slowly, I said, "interest futures". Bankers relied on tables in books for this before computers were available. There as never been a "mind" which could configure interest futures. No wonder you are so lost in the area of economics. Bless your little heart.
I comprehend that you aren't the most intelligent person that posts here, nor the most knowledgable. The numbers by your name don't represent your iq it just states you have an opinion...lots of them. Doesn't mean they're correct. I know my economic well being is far better than yours, how long will it take to put that in your calculator? All this greatness you purport...do you even make six figures? Why am I communicating with someone not in my field of vision? I like the sport of it that's why oh yeah. Continue...

At any rate, great for you, you calculated interest futures...so? What now. What does that have to do with the changes in the federal loans and the disenfranchising of certain schools and populations?

Since: Jan 10

Location hidden

#18 Mar 1, 2013
SoUnCool wrote:
<quoted text>
I comprehend that you aren't the most intelligent person that posts here, nor the most knowledgable. The numbers by your name don't represent your iq it just states you have an opinion...lots of them. Doesn't mean they're correct. I know my economic well being is far better than yours, how long will it take to put that in your calculator? All this greatness you purport...do you even make six figures? Why am I communicating with someone not in my field of vision? I like the sport of it that's why oh yeah. Continue...
At any rate, great for you, you calculated interest futures...so? What now. What does that have to do with the changes in the federal loans and the disenfranchising of certain schools and populations?
Feel free to continuing allowing everyone to know how inept you are in the field of economics and finance. You didn't know the difference in calculating simple/compound interest and interest futures. Calling me ignorant because I could do this at a young age was not a worth while venture on your part in building your credibility by labeling me "ignorant", but one being labeled ignorant in your eyes is a blessing. I answered your question about college students obtaining bad credit in a former post, but your problem with reading comprehension failed you so I have repeated it for you. Get someone to read it to you slowly. Bless your little heart.

"The loans were cut off to those who proved to be fiscally irresponsible. Repaying debts will increase your credit score, the alternative is not advisable as these people have learned. You would have thought their colleges should have taught them this in a basic economics course."

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#19 Mar 1, 2013
lighteredknot wrote:
<quoted text>
Feel free to continuing allowing everyone to know how inept you are in the field of economics and finance. You didn't know the difference in calculating simple/compound interest and interest futures. Calling me ignorant because I could do this at a young age was not a worth while venture on your part in building your credibility by labeling me "ignorant", but one being labeled ignorant in your eyes is a blessing. I answered your question about college students obtaining bad credit in a former post, but your problem with reading comprehension failed you so I have repeated it for you. Get someone to read it to you slowly. Bless your little heart.
"The loans were cut off to those who proved to be fiscally irresponsible. Repaying debts will increase your credit score, the alternative is not advisable as these people have learned. You would have thought their colleges should have taught them this in a basic economics course."
Dude. What you're saying is that it was changed for the fiscally irresponsible, that's a sweeping statement about black people and finances that you nor your cronies can substantiate appropriately. but how many white students are up schytt creek too? Yes it changes enrollment at black schools, but the white enrollment st these schools have dropped below 1% due to this. I bet there are issues with enrollment at black schools...sure. But there will be adverse effects at white schools too. Remember the change in affirmative action at ucb the white students fought so hard for? now they can't even get in the school. Praise it now while it affects a group you can't stand fir unforeseen circumstances you have control over, but weep when you realize that whites aren't as privileged as you make them out to be. It's onl a matter of time...

Btw I can't be THAT inept when I can live my life and your life simultaneously. I'm 28 and retiring at 35 in a recession. Ask me how...I still won't tell you. Figure it out. Did you calculate my interest future? Calculate this two commas and 8 figures...at 28...plus 9 years...with a rate of 13.5% annual growth...you get the point.#BlowItOutYourAzz

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#20 Mar 1, 2013
Earn this...achieve this. I don't see how you're hating outside the BBC club...you can't even get in! W.P.W.W. <<< lmao if you focused your energy elsewhere...

Since: Jan 10

Location hidden

#21 Mar 1, 2013
SoUnCool wrote:
<quoted text>
Dude. What you're saying is that it was changed for the fiscally irresponsible, that's a sweeping statement about black people and finances that you nor your cronies can substantiate appropriately. but how many white students are up schytt creek too? Yes it changes enrollment at black schools, but the white enrollment st these schools have dropped below 1% due to this. I bet there are issues with enrollment at black schools...sure. But there will be adverse effects at white schools too. Remember the change in affirmative action at ucb the white students fought so hard for? now they can't even get in the school. Praise it now while it affects a group you can't stand fir unforeseen circumstances you have control over, but weep when you realize that whites aren't as privileged as you make them out to be. It's onl a matter of time...
Btw I can't be THAT inept when I can live my life and your life simultaneously. I'm 28 and retiring at 35 in a recession. Ask me how...I still won't tell you. Figure it out. Did you calculate my interest future? Calculate this two commas and 8 figures...at 28...plus 9 years...with a rate of 13.5% annual growth...you get the point.#BlowItOutYourAzz
You responded to the subject about black students, as did I. I believe everyone should strive to have excellent credit, then getting a loan is no problem no matter your ethnicity. Glad you allowed me to know my posts filled with pertinent info irritates you so much you resorted to profanity and infantile remarks to express your lack of knowledge on interest futures and how to acquire loans. I was also waiting for you to inject "race" into the subject as you did. Bless your little heart.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#23 Mar 1, 2013
lighteredknot wrote:
<quoted text>
You responded to the subject about black students, as did I. I believe everyone should strive to have excellent credit, then getting a loan is no problem no matter your ethnicity. Glad you allowed me to know my posts filled with pertinent info irritates you so much you resorted to profanity and infantile remarks to express your lack of knowledge on interest futures and how to acquire loans. I was also waiting for you to inject "race" into the subject as you did. Bless your little heart.
Dude the title reads "Feds loan changes hamper BLACK college enrollment" how is this NOT about race and/or education? The post NOT, however, about interest rates and interest futures. I don't operate off loans. Why should people operate to get loans? So you cam stay in debt to everyone? No credit cards, no loans, pure investment. Credit is geared toward overall failure financially through financial and economic instability. Just as some say get off the government "teet", get off the credit teet...because with credit...you own nothing. Whoever has the title owns, with a loan...it's not you.

Posts filled with what? Please, you touted and I reciprocated. Talk about vanity. You take your knowledge throw it in the faces of readers, boast about yourself and call it...how did you say...pertinent info? Seriously? Really now? Hahaha...all the way to the bank so you and your economists can calculate more interest futures on everyone's dividends while you operate on credit and loans.

For the record An azz is a donkey...not profanity. That goes for the post sensitives out there. Solely dedicated to that demographic.

Since: Jan 10

Location hidden

#24 Mar 1, 2013
SoUnCool wrote:
<quoted text>
Dude the title reads "Feds loan changes hamper BLACK college enrollment" how is this NOT about race and/or education? The post NOT, however, about interest rates and interest futures. I don't operate off loans. Why should people operate to get loans? So you cam stay in debt to everyone? No credit cards, no loans, pure investment. Credit is geared toward overall failure financially through financial and economic instability. Just as some say get off the government "teet", get off the credit teet...because with credit...you own nothing. Whoever has the title owns, with a loan...it's not you.
Posts filled with what? Please, you touted and I reciprocated. Talk about vanity. You take your knowledge throw it in the faces of readers, boast about yourself and call it...how did you say...pertinent info? Seriously? Really now? Hahaha...all the way to the bank so you and your economists can calculate more interest futures on everyone's dividends while you operate on credit and loans.
For the record An azz is a donkey...not profanity. That goes for the post sensitives out there. Solely dedicated to that demographic.
I stated facts about which you were confused or ignorant. These facts concerned the credit worthiness of those denied loans regardless of their ethnicity. Stating facts is not bragging, I believe you are the one bragging about your financial future. I am living in a world in which I loan money not borrow it. In my past I did borrow, but now seek the highest return on that which I loan. Your trying to justify your infantile use of words to be cute is a waste of time. Bless your little heart.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#26 Mar 1, 2013
lighteredknot wrote:
<quoted text>
I stated facts about which you were confused or ignorant. These facts concerned the credit worthiness of those denied loans regardless of their ethnicity. Stating facts is not bragging, I believe you are the one bragging about your financial future. I am living in a world in which I loan money not borrow it. In my past I did borrow, but now seek the highest return on that which I loan. Your trying to justify your infantile use of words to be cute is a waste of time. Bless your little heart.
Based on our dialogue your assumption is that the only way for a person to obtain a student loan or the prerequisites for obtaining one is for the parents or the student to understand interest futures to qualify for loans? If so that's a shame to make such an unwarranted assumption. Your reasoning is flawed. You infer that only the credit worthy should obtain such material, and that interest futures are important in this. It's not. Unfortunately, the student loans are just as basic as algebra in which everyone learns and is a preqrequisite for college. Economics has nothing to do with it. Simple and compound interest not interest futures, but again good for you. The children are denied loans because of the parents. Not that the parents are denied loans. Either way it's very unfortunate because there are students that deserve the education and can't afford it. I think I'll start a scholarship fund for black college students. Seems like the best thing to do since no one here with the means or knowledge is willing to. Bless YOUR heart for that. And again thanks for the blessings.

To the tune of the original topic, it's sad that the aspiring students are suffering for their parents mistakes.

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