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Looking for a student loan
Please. I got accepted for the MIM program at ESCP business school and I am trying to get a loan. I am an international student from Egypt, so I don't have any local loans, plus I don't have a cosigner from the States or Europe. I tried to contact prodigy finance and they don't support loans for...
Looking for a student loan
I got accepted for the MIM program at ESCP, but I have a problem financing my studies. I am from a country in the Middle East, and we have a severe economic crisis, and I can't get my money out of the country as the Central Bank stopped that action, as it doesn't want any money to flee the country....
Transfer from University of Oregon to USC (175k debt) worth it?
I am currently a first-year student at the University of Oregon and was recently accepted as a Spring semester transfer student to USC Marshall. My career goal is to work in IB but I am aware that it will be extremely difficult to break in coming from UO. This was my main reason for applying as a...
How did you/are you planning to pay for your MBA?
I'm trying to evaluate between working on campus, getting an internship during my first year, or finding freelance work (ex-IB). Would be interested to see how others have done it. I'm trying to stay away from loans, and I've already maxed my scholarships but still have some chunks left.
Recently admitted into one of HYPS, but need to take out near 200k in loans to attend.
Hi guys, high school senior here recently admitted into one of HYPS. I am dead set on a career in finance and hopefully eventually landing a gig on the buyside after a stint in IB. My parents make a lot on paper but have almost nothing to contribute towards my education and as a result I will need...
Taking out loan prior to full-time start?
Hey, signed an offer with a bank for a full-time analyst start post-graduation. I am currently a "broke" college student. I have all my basic expenses covered but will need some money to help cover moving costs and getting an apartment. Also, I want a little bit of money to buy some things I...
Girl Trying To Pay Off Student Loans
Hi - so I just graduated and recently got hired. Currently I have about 45k in loans from college - $20,800 from ESCI with 6% interest rate per month and $25,200 in federal student aid ranging from 2-5% interest rate (I think fixed?). The $25,200 is not accumulating interest right now, and I don't...
Question for those who took loans for university
If you took a large loan to attend a target/semi target hoping to break into IB after graduating but didn't, what did you do? Assuming IB salaries are 2x the median where you'd be working. I'm a student and my options are 75k pounds total loans for a non-ish target and 90k pounds total loans for a...
$600,000 in student debt - Will The Bubble Pop?
Student loan debt is the second largest amount of debt behind mortgages, according to the Fed. Over the past decade, the amount of student loan debt has almost doubled, along with the average balance of graduating college students. A recent article on CNBC covered the story of a 48-year old mother...
Is $80k of debt from undergrad too much?
Is $80k of debt after undergrad common or absolutely unheard of? Or is it somewhere in between? Is it common for people that work on the Street to have this type of debt out of undergrad? How do they live? Do they ever regret their decision? How do they pay it off?
Law School is a Terrible Idea
What is a default answer for anyone who does not have a job after graduation? The answer I hear far too often is law school. In my opinion, it is an answer that is chosen out of a natural necessity. I tend to see that many of these undergrads gravitate to a juris doctor because they simply have not...
Buying an Investment Property Before Going to School
I've been working the past few years, and I've saved up a decent chunk of change. I'm considering buying a cash-flow positive investment property. I'll be applying to business school this falling and hopefully matriculating next fall. I guess my two questions are: 1.) Will having a mortgage prevent...
College Debt Inquiry
Hello Monkeys, I am a high school senior who has recently been admitted into a decent semi target(UT McCombs). The only problem is that my parents cant afford $50k/year. All in all, I will approximately have ~$60-80k in loans when I graduate. If you were in my shoes, what would you do? Also, if any...
JPM Bailing on Student Loans
It never ceases to amaze me how history repeats itself in the market. I was thinking that this morning when I read that JPMorgan Chase is getting out of the student loan business . This comes as a surprise to basically no one, and JPM was actually one of the last holdouts in this business. The only...
Consolidate College Loans or not? (Stafford Loans)
Anyone have any experience with consolidating student loans from college? I took out Stafford Loans (both subsidized and un-subsidized) and I am currently in my 6 month grace period. Thanks.
Stop Subsidizing the Dumb and Lazy (Student Loans)
Student loans provided by the Government to the dumb and lazy are a disaster. It is a disaster for the student, for the Government and for society as a whole. One can only wonder how providing unqualified people with money they cannot afford to pay back, to be used for something that they should not...
How much money would you be willing to take out in student loans?
I'm currently a junior in high school, but I have some pretty good stats (I have a 36 on the ACT), so I'm looking ahead and anticipating at least a couple of Ivy League acceptances and acceptances to top privates and publics; basically, target schools. However, my parents aren't in any real place to...
Funding an Education: How Am I Supposed to Pay for This?
So you’ve decided where you want to go to school. Everything is really coming up roses. You’ve attended an admitted student day, you’re networking with current students and alumni, and you’ve made your tuition deposit. And then you wander upon this. The dreaded “Cost of Attendance”...
I Am The Toxic Asset
This was originally posted on 2/28/12 There comes a certain risk involved with divulging one's personal troubles all over the internet where potential employers could read it and make all sorts of judgement. However without some risk, there is no return as everyone on here should know by heart. That...
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How Leveraged are You?
I started thinking about this when I was on the phone today with a Wells Fargo student loan officer trying to get a new loan for summer school, books, new laptop, and my apartment for the fall. Just how leveraged are you monkeys? Do you monkeys still have student loan debts? What about your cars and...
The bubble now includes universities
While it has been widely known that the student loan debt is affecting graduates, the effects that it has on universities is starting be get attention as well. According to a study by Richard Kneedler many colleges have more debt than cash, with one even having a balance of negative $400M. The...
Private Student Loans Becoming More Competitive
Monkeys on this site have discussed the problem of student loans and those "student loan horror stories " quite often. To all of us here that plan to take out student loans in the future: there is some good news. Many private lenders are dropping those infamous variable-rate loans and introducing...
College under fire.
Lately there has been a shift in public opinion regarding the investment in a college education and a lot of debate has been sparked up in the media regarding the ROI of a formal four year college education and the alternatives that are out there. One of the more popular movements is a $100k...
Loan for Unpaid Internship
So I've recently come across a small dilemma. I am on the verge of having the opportunity to work at a few small boutique IBs over the summer as an unpaid intern. I have spoken at length to a few of the bankers at each of the banks about the work I'd be doing and it seems like good experience to...
Default: The Movie
What's everyone's opinion on the next coming financial crisis: Student loans? I really want to go back to school but there is so much anti-education stuff out there and I pretty much agree with all of it. How can anyone justify a mortgage just to get a job? Let's face it, the average high school...
5k Loan What to do
I have about 5k of student loans to pay off, and I have about 25k cash in my bank account after my first year. Because the rate on the loans is less than 4% I don't just want to pay it off right away. Are there any low risk ways to profit from this or should I just pay it off?
Erasing 90k in debt in 7 months
In light of the post with student loan horror stories , here's a success story of someone who paid off 90k in debt from his HBS MBA in 7 months with a good but not great job. Some of the stuff isn't that smart, but it's an interesting story and a good contrast to the " models and bottles " school of...
You Graduate Soon.. What Are You Doing?
AP published a rather disturbing forecast for the college class of 2012, presenting its job prospects in a pretty bleak light. Here's an excerpt from yesterday's article: Median wages for those with bachelor's degrees are down from 2000, hit by technological changes that are eliminating mid level...
best financial course of action?
Hello all, Just wanted to get some opinions regarding my situation and the best course of action I can take to get out of it. Long story short, I'm a middle class student who made the DUMB choice to purchase a brand new car while simultaneously trying to finance myself through school. Right now, as...
Heil Comrade Obama!
Suprised I haven't seen this on here yet. http://my.barackobama.com/page/share/student-loan… Are any of you wanting to spend some time in college to find yourself? Want to switch from your Women studies degree to art then maybe Chicano studies? Dont worry about the bill, Comrade Obama is going to...
Till Death Do Us Part... and beyond
I liked to climb trees when I was a kid. My favorite method of monkeying around included wrapping my legs around a thick enough branch, letting go with my hands and hanging upside down like the true gorilla I am proud to be. Thinking about the simple, stupid joys of childhood ends with a sobering...
Student turns to stripping because of GS
I know there is already a lot of grief on this site for students taking out huge loans for low-potential careers, but I think this BusinessWeek article stands on its own, at least in the comedy department. http://www.businessweek.com/magazine/content/10_3… The featured girl went to a for-profit...
Does this idea have any promise - a student loan bank?
I know that there are plenty of banks out there offering student loans...and I remember that I used to see more commercials about banks focusing on student loans a few years ago...but recently, I'm not seeing many at all. It seems like there might be room in the market for a dominant student-loan...
What is next
Okay, so the fed has now bailed out the banks. Great. Corporates will now get their money and things will go well for them...for now. But, what about all the other collateralized products? Credit Cards, car payments, student loans -- so far the discussion has been limited to real estate. But in our...
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