Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
An Investigation Finds That Millions of Students Are Taking on Dangerous BNPL Debt
#1
Millions of student-loan borrowers are being driven toward 'dangerous' BNPL debt for a for-profit education, investigation finds
https://www.msn.com/en-us/money/careersa...ar-AAUyG8r

What do you all think about these types of loans?
Degrees: BA Computer Science, BS Business Administration with a concentration in CIS, AS Natural Science & Math, TESU. 4.0 GPA 2022.
Course Experience:  CLEP, Instantcert, Sophia.org, Study.com, Straighterline.com, Onlinedegree.org, Saylor.org, Csmlearn.com, and TEL Learning.
Certifications: W3Schools PHP, Google IT Support, Google Digital Marketing, Google Project Management
Reply
#2
All I can say is that it’s crazy! I went to one of the lowest cost state schools. (We didn’t have community colleges anywhere near us). It took me about 20 years just to pay that off. I can’t imagine what it would be like if I had taken out a bigger loan. I didn’t choose a high paying career path.
MBA - JWMI (in progress)
BA - Edinboro University
Certificate, Diversity, Equity & Inclusion in the Workplace
Certificate, Global Entrepreneurship & Innovation
 
LawShelf Affiliate (NCCRS credits)
Additional course free with my affiliate code: VK375
https://lawshelf.com/videocoursesview

ENEB Affiliate
MBA + Master:  https://go.hotmart.com/N92904319K?ap=12c8
MBA *or* Master:  https://go.hotmart.com/S92904390Y?ap=44dc
Reply
#3
"Buy Now, Pay Later" is exactly what most "slick deals" members do... haha, because it's easy to just charge it on a credit card (or a portion of it for tuition and such). It's really interesting how people don't priority what is really needed in their spending before they spend money on things they can't afford. I would get people to stick with the public/state college system first before jumping into any expensive private colleges or whatever... they really need to have a budget/job and savings planned out all beforehand.
Study.com Offer https://bit.ly/3ObjnoU
In Progress: UMPI BAS & MAOL | TESU BA Biology & Computer Science
Graduate Certificate: ASU Global Management & Entrepreneurship

Completed: TESU ASNSM Biology, BSBA (ACBSP Accredited 2017)
Universidad Isabel I: ENEB MBA, Big Data & BI, Digital Marketing & E-Commerce
Certs: 6Sigma/Lean/Scrum, ITIL | Cisco/CompTIA/MTA | Coursera/Edx/Udacity

The Basic Approach | Plans | DegreeForum Community Supported Wiki
~Note~ Read/Review forum posts & Wiki Links to Sample Degree Plans
Degree Planning Advice | New To DegreeForum? How This Area Works

[Image: e7P9EJ4.jpeg]
Reply
#4
(03-07-2022, 06:21 PM)bjcheung77 Wrote: "Buy Now, Pay Later" is exactly what most "slick deals" members do... haha, because it's easy to just charge it on a credit card (or a portion of it for tuition and such).  It's really interesting how people don't priority what is really needed in their spending before they spend money on things they can't afford.  I would get people to stick with the public/state college system first before jumping into any expensive private colleges or whatever... they really need to have a budget/job and savings planned out all beforehand.

That sounds great but everyone doesn't live anywhere near a state college. State colleges aren't always cheaper than private schools either. Our state system charges a ton of fees on top of tuition. The closest state college campus to me is about an hour and a half away in good weather. That's not a realistic commute for anyone. Many for profit schools have lots of campuses or a lot of online programs. Quite often they have far more online programs than many state colleges.
[-] The following 1 user Likes ss20ts's post:
  • rachel83az
Reply
#5
The closest state school to me was Arizona State University. There is also University of Arizona and Northern Arizona University. None of these are cheap options. Very good schools, not cheap. It probably would've been cheaper for me to attend a mid-tier private school in another state instead of an Arizona school.

At one point, I seriously considered teaching for a few years (I forget the required minimum) because there is (or was) a program to pay off/forgive student loans for students who commit to teaching in disadvantaged school districts for a certain number of years. I think it's either 3 or 5 years. If you play your cards right, it's a good way to get an expensive degree for essentially nothing. When I looked, I think there was further incentive if you got a STEM degree in something like, Math or Computer Science, instead of a Humanities degree, like History or English.
In progress:
TESU - BA Computer Science; BSBA CIS; ASNSM Math & CS; ASBA

Completed:
Pierpont - AAS BOG
Sophia (so many), The Institutes (old), Study.com (5 courses)
ASU: Human Origins, Astronomy, Intro Health & Wellness, Western Civilization, Computer Appls & Info Technology, Intro Programming
Strayer: CIS175, CIS111, WRK100, MAT210
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  MIT, Brandeis to waive tuition for students with families earning below a certain inc Tireman4 0 70 11-20-2024, 02:46 PM
Last Post: Tireman4
  Taking exams for online courses stats-time 4 514 08-04-2024, 02:46 PM
Last Post: Duneranger
Lightbulb ASU to Launch a Free Global Initiative and enroll 100 million students MNomadic 216 41,681 08-04-2024, 12:57 PM
Last Post: Vle045
  'Duped': Students of UA's new online college can't get jobs, say school misled them o smartdegree 12 1,659 07-31-2024, 08:17 AM
Last Post: ss20ts
  Bridging the Campus Divide With ‘Dangerous Ideas’ and AI Debate Moderators LevelUP 1 344 07-19-2024, 04:36 PM
Last Post: LevelUP
  A new program in Colorado recognizes students who didn’t complete their bachelor’s de davewill 4 887 07-06-2024, 11:22 PM
Last Post: bjcheung77
  Older teacher gets the students! bjcheung77 2 408 06-21-2024, 11:47 PM
Last Post: Ares
  UK students invading US institutions! And more... bjcheung77 1 390 05-20-2024, 09:26 PM
Last Post: ss20ts
Shocked Online Course Provider 2U (edX) Faces Doubts It Can Continue ($900 Million in debt) Ares 3 903 02-16-2024, 02:51 AM
Last Post: studyingfortests
  Just 16% of community college students transfer and earn a bachelor’s degree Ares 6 1,266 02-14-2024, 01:13 PM
Last Post: davewill

Forum Jump:


Users browsing this thread: 3 Guest(s)