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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Since: Jan 10

Location hidden

#27 Mar 1, 2013
SoUnCool wrote:
<quoted text>
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.
Read my posts very slowly or have someone do this for you. I never said or have remotely indicated anything about a person should be denied a loan for any reason except for bad credit, and suggested methods to insure good credit regardless of ones ethnicity. Are you that demented? You have resorted to childish infantile tactics which have made you look the same. You are welcomed to start any scholarship you desire, I find no fault for this effort, but when tax money is used only students with good credit should get the loans in question. Students are given loans because they need financial aid, they are denied them because of bad credit. I don't know of any simpler way to describe it to you. Why does this alienate you? I seldom spend this much time with the unfortunates like you who seem to want to argue rather than become informed. Bless your little heart.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#29 Mar 1, 2013
lighteredknot wrote:
<quoted text>
Read my posts very slowly or have someone do this for you. I never said or have remotely indicated anything about a person should be denied a loan for any reason except for bad credit, and suggested methods to insure good credit regardless of ones ethnicity. Are you that demented? You have resorted to childish infantile tactics which have made you look the same. You are welcomed to start any scholarship you desire, I find no fault for this effort, but when tax money is used only students with good credit should get the loans in question. Students are given loans because they need financial aid, they are denied them because of bad credit. I don't know of any simpler way to describe it to you. Why does this alienate you? I seldom spend this much time with the unfortunates like you who seem to want to argue rather than become informed. Bless your little heart.
Can you debate or do you just spew ignorance? I bet you feel that you should be afforded tax credits too eh?

Since: Jan 10

Location hidden

#30 Mar 2, 2013
SoUnCool wrote:
<quoted text>
Can you debate or do you just spew ignorance? I bet you feel that you should be afforded tax credits too eh?
Attacking people about which you have no background knowledge or personal info can lead you to appear to be mentally defused in public. I hire people, and pay taxes. I detest the idea of earned income tax credits and use only those tax deductions afforded me by my elected officials. Have you named your new black scholarship fund. Post the name of it here along with your phone # and address for those who would like to take advantage of your generosity. I guess your CPA has alerted you to the tax advantage of it. Bless your little heart.

Since: Jan 10

Location hidden

#31 Mar 2, 2013
SoUnCool wrote:
<quoted text>
Can you debate or do you just spew ignorance? I bet you feel that you should be afforded tax credits too eh?
Point out anything in my post which you consider ignorant. We await info on your new scholarship fund for black children who can't qualify for loans because of their bad credit. Bless your little heart.
Farrakhan is GAY

Columbus, GA

#32 Mar 2, 2013
ThomasA

Birmingham, AL

#33 Mar 2, 2013
lighteredknot wrote:
<quoted text>
Point out anything in my post which you consider ignorant. We await info on your new scholarship fund for black children who can't qualify for loans because of their bad credit. Bless your little heart.
What? Loans are for those who have demonstrated they are are upstanding citizens with a good credit background. Loans for students white or black with bad credit, NEVER! Any loans for students with bad credit should be co-signed by a parent or family member with secured collateral to put up. That would be incentive to pay back the loan. Look around you. Why do you think there are so many buy here-pay here car lots. It's for those who have demonstrated that they have no regard for their financial standing and think they should have what other people have........without paying.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#35 Mar 3, 2013
lighteredknot wrote:
<quoted text>
Point out anything in my post which you consider ignorant. We await info on your new scholarship fund for black children who can't qualify for loans because of their bad credit. Bless your little heart.
I rest my case...

Since: Mar 12

Atlanta, GA

#36 Mar 3, 2013
There are academic scholarships given out by different organizations that allow the brightest of our youth to attend college.
Too many expect effortless government financing of any educational endeavor they choose, like it is a right.
This country needs to eliminate quotas and standards based on race, its 2013 people. Its now time to just let the brightest and best get further education, no matter the race.

Since: Jan 10

Location hidden

#37 Mar 3, 2013
_Zipper_ wrote:
There are academic scholarships given out by different organizations that allow the brightest of our youth to attend college.
Too many expect effortless government financing of any educational endeavor they choose, like it is a right.
This country needs to eliminate quotas and standards based on race, its 2013 people. Its now time to just let the brightest and best get further education, no matter the race.
SoUnCool, was upset with the idea of black students with bad credit having been denied loans, and debated me on the fact I thought the denial of their loans was a sound banking decision rather than a racist decision. He? called me ignorant for my loan position. He/she (?) said he would set up a scholarship for black children with bad credit who had been denied loans. He? has not posted the name and means for these students with bad credit to contact him, wonder why? Could he? be lying? Which loan decision do you think is best, one based upon the race of a student or the credit worthiness of the student? Bless his little heart.

Since: Jan 10

Location hidden

#38 Mar 3, 2013
SoUnCool wrote:
<quoted text>
To the tune of the original topic, it's sad that the aspiring students are suffering for their parents mistakes.

I have consistently posted about the credit of the students, I never mentioned the credit of the parents. If you can't understand English get someone to read the posts to you very, very slowly and then explain the words to you. You need to work on reading comprehension so you won't be posting about your convoluted opinions rather than the validity of the post you attack. Bless your little heart.
ERICKA

Sweden

#41 Mar 4, 2013
Do you need an urgent and legit loan please kindly contact christana now with Email: christanaloanfirm@mail.com

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#42 Mar 6, 2013
lighteredknot wrote:
<quoted text>
SoUnCool, was upset with the idea of black students with bad credit having been denied loans, and debated me on the fact I thought the denial of their loans was a sound banking decision rather than a racist decision. He? called me ignorant for my loan position. He/she (?) said he would set up a scholarship for black children with bad credit who had been denied loans. He? has not posted the name and means for these students with bad credit to contact him, wonder why? Could he? be lying? Which loan decision do you think is best, one based upon the race of a student or the credit worthiness of the student? Bless his little heart.
Dude really...? Post MY information...on here so you can spam me? Serious. No questions I am a man...however, you on the other hand "bless your heart" are questionable in all aspects. And can you be a bit more original in your responses to me? Don't regurgitate what I say to you, only shows your lack of creativity.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#43 Mar 6, 2013
lighteredknot wrote:
<quoted text>
SoUnCool, was upset with the idea of black students with bad credit having been denied loans, and debated me on the fact I thought the denial of their loans was a sound banking decision rather than a racist decision. He? called me ignorant for my loan position. He/she (?) said he would set up a scholarship for black children with bad credit who had been denied loans. He? has not posted the name and means for these students with bad credit to contact him, wonder why? Could he? be lying? Which loan decision do you think is best, one based upon the race of a student or the credit worthiness of the student? Bless his little heart.
And if you're gonna paraphrase make sure you have the details correct. I said scholarship for black students...nothing about credit...who may be disenfranchised because of changes. And if you actually practice what you preach and read, comprehend, and apply the information given in "paragraphs" 8 & 11 you will see where it CLEARLY states that the credit of PARENTS is evaluated for plus loans. On the other hand your logic is flawed anyway with the unwarranted assumption that the only reason the students can't get funding is because they have bad credit...is it not possible that they have NO credit which is just as bad as bad credit? So with all your interest future calculations you still can't properly calculate the English language nor the simple principles of credit.#GetReal

Since: Jan 10

Location hidden

#44 Mar 7, 2013
SoUnCool wrote:
<quoted text>
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.
Not all students depend upon their parents for their education. They could do as I did get loans based upon my own credit which enabled me to complete my college courses and graduate. BTW, you should learn the value of being able to compute the future on interest when applying for loans. Bless your little heart.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#45 Mar 7, 2013
^ # WomanBeater

Since: Jan 10

Location hidden

#46 Mar 7, 2013
SoUnCool wrote:
<quoted text>
And if you're gonna paraphrase make sure you have the details correct. I said scholarship for black students...nothing about credit...who may be disenfranchised because of changes. And if you actually practice what you preach and read, comprehend, and apply the information given in "paragraphs" 8 & 11 you will see where it CLEARLY states that the credit of PARENTS is evaluated for plus loans. On the other hand your logic is flawed anyway with the unwarranted assumption that the only reason the students can't get funding is because they have bad credit...is it not possible that they have NO credit which is just as bad as bad credit? So with all your interest future calculations you still can't properly calculate the English language nor the simple principles of credit.#GetReal
So how many black student loans have you awarded under your new scholarship program you don't want to discuss? How many applications are you currently considering?

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#48 Mar 7, 2013
lighteredknot wrote:
<quoted text>
So how many black student loans have you awarded under your new scholarship program you don't want to discuss? How many applications are you currently considering?
If you have gone throughh the process instead of flapping your rim jobbers you would know that the process isn't overnight as well as the school year being almost at an end. However, I am considering 100 students at 30,000 which should cover the first year. Requirements are set at 3.5 gpa maintenance. Prerequisites are gpa, economic background, school attendance/choice, and an essay. The application process begins this summer and is only open to entering freshmen and is renerwabke each year meaning you can only apply upon entrance to college. Anymore questions? My accountant, who by the way says interest future calculations are a moot point unless you're an accountant and no high school in America teaches this especially not in economics FYI, says that it should be no big deal. I a. Forgoing my "tax break/incentives" for this as well. My attorney has all of the appropriate paperwork and has filed. Now are you going to apply? If so ill give you the site info...Oh gosh you can't...it's for BLACK college students. Silly me...I forgot.#ShouldaHadAV8

Since: Jan 10

Location hidden

#49 Mar 7, 2013
SoUnCool wrote:
<quoted text>
If you have gone throughh the process instead of flapping your rim jobbers you would know that the process isn't overnight as well as the school year being almost at an end. However, I am considering 100 students at 30,000 which should cover the first year. Requirements are set at 3.5 gpa maintenance. Prerequisites are gpa, economic background, school attendance/choice, and an essay. The application process begins this summer and is only open to entering freshmen and is renerwabke each year meaning you can only apply upon entrance to college. Anymore questions? My accountant, who by the way says interest future calculations are a moot point unless you're an accountant and no high school in America teaches this especially not in economics FYI, says that it should be no big deal. I a. Forgoing my "tax break/incentives" for this as well. My attorney has all of the appropriate paperwork and has filed. Now are you going to apply? If so ill give you the site info...Oh gosh you can't...it's for BLACK college students. Silly me...I forgot.#ShouldaHadAV8
If I were you I would seek the services of another accountant. He doesn't know anything about loans or insurance. I loan money, don't borrow it as I have stated many times on this forum. Bless your little heart.

“Vote Republican”

Since: Aug 08

Wyandanch, NY

#52 Mar 7, 2013
This is one of very few countries where you are not affected by your parent's class. Higher education is the gateway to make that change. I hope all decisions are based on the needs of the student, not the parent.

“Brain+voice box=speak my mind”

Since: Feb 13

Seek and you'll find

#53 Mar 14, 2013
lighteredknot wrote:
<quoted text>
If I were you I would seek the services of another accountant. He doesn't know anything about loans or insurance. I loan money, don't borrow it as I have stated many times on this forum. Bless your little heart.
Dude a scholarship has NOTHING to do with loaning money. Did you even get a financial education? Clearly you only learned interest futures and stopped, or you don't comprehend English well, or you have a severe vision disease that causes words seen to become whatever you want them to be...

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