Dilemma!! Should I transfer to the college I want to go to?

Discussion in 'Blazers OT Forum' started by NJNetz, May 21, 2010.

  1. NJNetz

    NJNetz BBW Banned

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    Here are the loans I need to take out.

    For undergraduates, the subsidized loan interest rate is fixed at 6.0% in 2008-09, 5.6% in 2009-10, 4.5% in 2010-11, and 3.4% in 2011-12. For graduates, the subsidized loan interest rate is fixed at 6.8%. There is a 0.5% fee that is deducted at the time of disbursement. The subsidized loan does not accrue any interest until repayment starts. Repayment starts no sooner than nine months after you graduate or fall below half-time status. There is a ten year re-payment period and other re-payment options also.

    $4,500.00 per year.

    And

    The unsubsidized loan interest rate is currently fixed at 6.8%. There is a 0.5% fee that is deducted at the time of disbursement. The unsubsidized loan starts to accrue interest after payment to your account. While in college, you can elect to pay the interest on an unsubsidized loan or have it added to the principal. Repayment starts no sooner than nine months after you graduate or fall below half-time status. There is a ten year re-payment period and other re-payment options.

    2,000.00 per year.
     
  2. NJNetz

    NJNetz BBW Banned

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    Only a few days left...
     
  3. tlongII

    tlongII Legendary Poster

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    What are the names of the schools? The one you're currently attending and the one you want to transfer to?
     
  4. NJNetz

    NJNetz BBW Banned

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    I'm attending Hunter College and I want to transfer to Plattsburgh State University.
     
  5. tlongII

    tlongII Legendary Poster

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    Never heard of either one... :lol:

    Just do what makes you happy. If you go to Plattsburgh State just make sure take care of business and graduate on time. If you keep your debt at only $18K you'll have no problem paying it off as long as you get a job.
     
  6. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Ok, well, one thing I would say is that Hunter College has a significantly superior academic reputation as compared to Plattsburgh. That is, if you wanted to go into a profession where people are snobs about what school you went to, you'd be better off sticking with Hunter. However... I suppose cops don't tend to be academic snobs (don't know for sure, I've never tried to get a job as a cop), and all the other factors you mention seem to point to Plattsburgh. So, if I were you... I'd transfer.

    barfo
     
  7. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Best advice...

    [video=youtube;if504e1EHJg]http://www.youtube.com/watch?v=if504e1EHJg[/video]
     
  8. BlazersBlood

    BlazersBlood It's flowing within me.

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    What's the advice? Don't be lame like the video & music? Don't click on the video & save yourself 3 minutes of your life? Maybe I'm too young to get the reference. :confused:
     
  9. NJNetz

    NJNetz BBW Banned

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    I'm making my decision within the hour. I just hope it's all worth it.
     
  10. NJNetz

    NJNetz BBW Banned

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    This might be a dumb question, but I just want to make sure. Let's say I get a loan of $6,500. And let's say I don't use about $1000, can I use that money to help pay off the loan I originally took?
     
  11. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Sure but why would you?

    IMO, just go to the school you want.

    Also since you are staff you should see if Denny will pay for it. If he says no I think you and all the staff should have a cyber strike.
     
  12. NJNetz

    NJNetz BBW Banned

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    I don't know.
     
  13. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    It's obvious that you don't know.

    But if you can't trust a random guy on the internet who can you trust?

    Seriously, you have a lifetime to make mistakes. You're worried about a little debt. That's it. Imagine if you have a wife and/or kid? Or you did something really dumb and financed a car. You're free to experience an adventure. TAKE ADVANTAGE OF IT!
     
  14. NJNetz

    NJNetz BBW Banned

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    I like you. You're true to me.
     
  15. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    No. The rules are you have to spend it on beer.

    barfo
     
  16. NJNetz

    NJNetz BBW Banned

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    I transferred!
     
  17. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    HURRAY! :cheers::party::twothumbs:


    Best of luck to you on your new adventure. Your life story has added a new chapter. Congrats!
     
  18. mook

    mook The 2018-19 season was the best I've seen

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    Good decision. Long-term, it was the smartest thing to do. I have very little doubt that the extra money is very well spent. (And I'm probably the stingiest person I know.)
     
  19. tlongII

    tlongII Legendary Poster

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    I hope the chicks are hotter at Plattsburgh State!
     
  20. BoBoBREWSKI

    BoBoBREWSKI BURP!

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    Have fun!
     

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