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Originally posted by theking
What was the interest rate...the last I was aware it was quite low...and yes the longer you take to pay off any loan the more interest that is paid.
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Dont remember the interest rate. I want to say it was banging around 12% but that seems high to me. First thing I did with porn money was pay off student loans.
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Pell grants are like $1200 (or higher) per Semester which more than pays for books...and then you have 20 hour per week work study programs which pays minimum wage. None of which has to be paid back.
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I did workstudy. They do not take 100% of what you make and apply it to tuition I had them applying 50%.
Pell Grants are for the seriously seriously poor that manage to get into school. I have met very very few other people who got them, and none of them ever got the max amount available. I only got 600 a semester and I am pretty sure that was the max less than 10 years ago.
Have you seen tuition costs these days? 1200 is almost an insult. Sure, any Joe Blow can get into a state school or community college, but if you want into what is considered a "good" school, tuition is sick sick sick.