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  #8  
Old 01-28-2008, 11:13 PM
PeterL
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Default Re: student loans to achieve higher earning power faster.

On Jan 28, 1:16*pm, kastnna <kast...[at]auburnalum.org> wrote:
- quote -

> On Jan 26, 3:14*pm, "Chris Cowles" <NoS...[at]ForMe.Net> wrote:
> > In Florida I believe universities are obligated to accept all
> > community college credits (up to 2 years' worth) at least as
> > electives. The same may be true in other states.
> > --
> > Chris Cowles
> > Gainesville, FL

> It is not unheard of for Universities to decide that certain courses
> provided by local CC's "do not meet the college's standards" and
> therefore no transfer credits will be allowed in those particular
> classes. An intended consequence of this position is that it prevents
> students from enrolling at the CC for the sole purpose of taking
> easier versions of the classes offered at the university. I live in a
> college town and this debate often appears in our newpaper.
> I would double check the transferability of each class before
> enrolling and keep in mind that the universities policy could change
> at any time. It's not going to save you any time or money if you have
> to retake a class because the credit didn't transfer.



Most CC has transfer agreements with Universities to specify which
courses are transferable. They also would have transfer counselors to
advise students who are interested in transferring to a 4 yr school.

  #7  
Old 01-28-2008, 08:16 PM
kastnna
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Default Re: student loans to achieve higher earning power faster.

On Jan 26, 3:14*pm, "Chris Cowles" <NoS...[at]ForMe.Net> wrote:

- quote -

> In Florida I believe universities are obligated to accept all
> community college credits (up to 2 years' worth) at least as
> electives. The same may be true in other states.
> --
> Chris Cowles
> Gainesville, FL


It is not unheard of for Universities to decide that certain courses
provided by local CC's "do not meet the college's standards" and
therefore no transfer credits will be allowed in those particular
classes. An intended consequence of this position is that it prevents
students from enrolling at the CC for the sole purpose of taking
easier versions of the classes offered at the university. I live in a
college town and this debate often appears in our newpaper.

I would double check the transferability of each class before
enrolling and keep in mind that the universities policy could change
at any time. It's not going to save you any time or money if you have
to retake a class because the credit didn't transfer.

  #6  
Old 01-26-2008, 08:14 PM
Chris Cowles
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Default Re: student loans to achieve higher earning power faster.

"sandybeth" <sandyhb6[at]yahoo.com> wrote in message
news:b238ae50-b2df-4378-9527-29889b8d0b7d[at]v17g2000hsa.googlegroups.com...
- quote -

> > Because it's a lot cheaper to go to community colleges than 4 yr
> > colleges. And since most of the credits will transfer, student save
> > money by going the first two years at a CC.- Hide quoted text -

> But, only if the credits transfer to the 4 year college where you
> plan
> to get your BA. Otherwise it is a waste of time and money to get a
> basically worthless associates degree. Have you checked to make
> sure
> all the credits will transfer?


In Florida I believe universities are obligated to accept all
community college credits (up to 2 years' worth) at least as
electives. The same may be true in other states.
--
Chris Cowles
Gainesville, FL

  #5  
Old 01-26-2008, 06:54 PM
sandybeth
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Posts: n/a
Default Re: student loans to achieve higher earning power faster.

- quote -

> Because it's a lot cheaper to go to community colleges than 4 yr
> colleges. *And since most of the credits will transfer, student save
> money by going the first two years at a CC.- Hide quoted text -


But, only if the credits transfer to the 4 year college where you plan
to get your BA. Otherwise it is a waste of time and money to get a
basically worthless associates degree. Have you checked to make sure
all the credits will transfer?

  #4  
Old 01-25-2008, 04:17 PM
PeterL
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Default Re: student loans to achieve higher earning power faster.

On Jan 25, 7:36*am, kastnna <kast...[at]auburnalum.org> wrote:
- quote -

> On Jan 25, 8:37*am, sandybeth <sandy...[at]yahoo.com> wrote:
> > Why are you continuing to work
> > on an associates in BusAd if you plan to get a 4-yr BA in Accounting?
> > Why not just quit the Associates and get going on the BA if it's going
> > to take you 4 years anyway?
> > I may be wrong, but I don't think that an associates degree in BusAd
> > will get you much of a job, if any.

> This is exactly what I was thinking. Why the associates? I don't
> suspect that there will be many cases in which the bachelors isn't
> good enough to land you the job, but the extra associates degree
> "seals the deal".
> Is it not possible to transfer to the 4-year college, take your
> business credits with you, and finish that accounting degree in 2 or 3
> years?


Because it's a lot cheaper to go to community colleges than 4 yr
colleges. And since most of the credits will transfer, student save
money by going the first two years at a CC.

  #3  
Old 01-25-2008, 02:36 PM
kastnna
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Default Re: student loans to achieve higher earning power faster.

On Jan 25, 8:37*am, sandybeth <sandy...[at]yahoo.com> wrote:
- quote -

> Why are you continuing to work
> on an associates in BusAd if you plan to get a 4-yr BA in Accounting?
> Why not just quit the Associates and get going on the BA if it's going
> to take you 4 years anyway?
> I may be wrong, but I don't think that an associates degree in BusAd
> will get you much of a job, if any.


This is exactly what I was thinking. Why the associates? I don't
suspect that there will be many cases in which the bachelors isn't
good enough to land you the job, but the extra associates degree
"seals the deal".

Is it not possible to transfer to the 4-year college, take your
business credits with you, and finish that accounting degree in 2 or 3
years?

  #2  
Old 01-25-2008, 01:37 PM
sandybeth
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Posts: n/a
Default Re: student loans to achieve higher earning power faster.

- quote -

> My girlfriend claims our baby and receives finical aid since my mother
> is able to help me with my tuition. *I will receive my associates in
> business administration this summer. When I am done with this degree I
> am going to start working on a bachelor degree in accounting. I will
> be basically starting over with four more years of school ahead of
> me.


I don't understand one sentence above--what has your girlfriend
claiming the baby & receiving financial aid have to do with your
mother paying the tuition? Will your mother continue to pay your
tuition if you get a student aid loan? Why are you continuing to work
on an associates in BusAd if you plan to get a 4-yr BA in Accounting?
Why not just quit the Associates and get going on the BA if it's going
to take you 4 years anyway?
I may be wrong, but I don't think that an associates degree in BusAd
will get you much of a job, if any. There are many types of student
loans--research them to find out what's best for you--it sounds as tho
this may be your only option of getting through school.

  #1  
Old 01-24-2008, 11:13 PM
PeterL
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Posts: n/a
Default Re: student loans to achieve higher earning power faster.

On Jan 24, 2:22*pm, austingoodri...[at]hotmail.com wrote:
- quote -

> I am a 23 year-old full time college student. I have a seven month old
> daughter, I am unmarried but, my daughters' mother and I are together.
> My girlfriend claims our baby and receives finical aid since my mother
> is able to help me with my tuition. *I will receive my associates in
> business administration this summer. When I am done with this degree I
> am going to start working on a bachelor degree in accounting. I will
> be basically starting over with four more years of school ahead of
> me.
> To finish up my business administration degree I am taking 16 credit
> hours his semester, and I am going to take out a student loan as I am
> the main bread winner, and unable to work as much with my schooling.
> This has raised the question of should I take out student loans to
> help cover living expenses? I think that my future earning power makes
> it worth taking out more loans so I can concentrate on school. What is
> your opinion?
> Thank you,
> Austin Goodrich



First of all Austin, you won't be starting all over with four more
years of college. Your community college credits will transfer so you
can finish faster at a four year school.

Second, what is the alternative? If you don't take out the student
loan how will you be paying for living expenses?

 
Old 01-24-2008, 10:25 PM
camgere@earthlink.net
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Posts: n/a
Default Re: student loans to achieve higher earning power faster.

Well Mr. Business Administration degree, this seems like a simple
problem in Net Present Value. Calculate the NPV of all future
earnings if you DON"T borrow the money. Then calculate the NPV of all
future earnings if you DO borrow the money. Your future earnings will
be lowered by the loan payments and you won't have any earnings for 4
years or so. To make this an apples to apples comparison use the same
discount rate, e.g. the student loan rate. Someday your boss will ask
if borrowing money to upgrade equipment is really worth it. Same
calculation.

  #-1  
Old 01-24-2008, 09:22 PM
austingoodrich1@hotmail.com
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Posts: n/a
Default student loans to achieve higher earning power faster.

I am a 23 year-old full time college student. I have a seven month old
daughter, I am unmarried but, my daughters' mother and I are together.
My girlfriend claims our baby and receives finical aid since my mother
is able to help me with my tuition. I will receive my associates in
business administration this summer. When I am done with this degree I
am going to start working on a bachelor degree in accounting. I will
be basically starting over with four more years of school ahead of
me.

To finish up my business administration degree I am taking 16 credit
hours his semester, and I am going to take out a student loan as I am
the main bread winner, and unable to work as much with my schooling.

This has raised the question of should I take out student loans to
help cover living expenses? I think that my future earning power makes
it worth taking out more loans so I can concentrate on school. What is
your opinion?

Thank you,

Austin Goodrich

 

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achieve, earning, faster, higher, loans, power, student
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