STUDENT GRANTS & LOANS: Obama has made it much HARDER to get them, did you know that?

Don't take the loan and pay for your education with cash. If you borrow money from the devil, the devil sets the terms, you will always been on the losing end of that sucker deal, imo.

OP- I am thinking about getting my Masters and would need to get financial aid. I have never needed it before. Do all of these rules still apply??

Thanks

Do you realize how much harder it is to get and obtain federal student aid and loans under Barack H. Obama?

His administration has instituted new policies that now severely hinder anyone's hopes of either getting loans or staying in school.

Everything the MSM is telling you about the economy, our government and Obama's policies are pure and utter fucking LIES.

How do I know? Because I'm dealing with this horseshit as we speak.

1) New rules require students to transfer ALL credits from prior institutions where loans were used, even if this happened 20 years ago. This takes an inordinate amount of time and my school did nothing to inform me of this requirement until the last minute.

2) A new regulation called the Satisfactory Academic Progress Policy (SAPP) requires three new stipulations to obtain loans:

a) You must not have been in school for a long period of time. If you've been going for six or seven years and you haven't gotten a degree yet, you are finished.

b) You must maintain a 2.0 GPA.

NOW, FOR THE COUP D'GRACE...

c) You must first report all "withdrawals" or "Ws" you have acquired, even if you got them in 1955. You must then obtain documentation proving a "good reason" as to why you dropped those classes.

Yes, I have heard people are having to prove why they dropped classes in the 1970s and they are having to get documentation for it.

This is RETROACTIVE. So you are now being punished for something that was previously perfectly normal and ok.

I now must file a formal petition and HOPE a panel of bureaucrats allows me to continue receive loans, because I dropped four classes in 2008 due to getting a full-time job that interfered with attendance.

This will effect TENS of thousands of people, if not HUNDREDS of thousands. It already is at my school -- one of the counselors there has a sky-high pile of petitions and she says tons of people are being effected.

Why? Because most people have "Ws" on their record, and just a few can set you below the required "pace" (different at various schools, but 66% at mine). "Pace" is the total number of classes completed divided by the withdrawals. This will particularly effect new students, freshmen and sophomores.

3) If you have more than 19,000 in student loan debt, you must now file a petition to obtain more.

(Honestly, there are even more new regulations, of which I don't know the full details).

This pisses me off for a couple of reasons.

First, this is OUR fucking money. WE paid for those classes, and if we dropped them, we should be grandfathered into the new regulation, instead, it's retroactive and we're being punished.

Second, Congress is CRACKING down on these student loans.

They are also considering legislation that would allow them to GARNISH WAGES of those who have defaulted on loans.

Interesting, isn't, that there is accountability for the little guy, but not for Congress? Not for the banks? Not for the corporations?

They get the bailouts, while the little guy gets the crack-down.

We ought to line up every one of those maggots in Congress, line 'em and execute them in the public square.

This is the beginning of "austerity", folks. It's gonna get a lot worse.

Your loverboy socialist Obama is NOT looking out for you and is NOT making it easier to go to school. FAR FROM IT.

Do you realize how much harder it is to get and obtain federal student aid and loans under Barack H. Obama?

His administration has instituted new policies that now severely hinder anyone's hopes of either getting loans or staying in school.

Everything the MSM is telling you about the economy, our government and Obama's policies are pure and utter fucking LIES.

How do I know? Because I'm dealing with this horseshit as we speak.

1) New rules require students to transfer ALL credits from prior institutions where loans were used, even if this happened 20 years ago. This takes an inordinate amount of time and my school did nothing to inform me of this requirement until the last minute.

2) A new regulation called the Satisfactory Academic Progress Policy (SAPP) requires three new stipulations to obtain loans:

a) You must not have been in school for a long period of time. If you've been going for six or seven years and you haven't gotten a degree yet, you are finished.

b) You must maintain a 2.0 GPA.

NOW, FOR THE COUP D'GRACE...

c) You must first report all "withdrawals" or "Ws" you have acquired, even if you got them in 1955. You must then obtain documentation proving a "good reason" as to why you dropped those classes.

Yes, I have heard people are having to prove why they dropped classes in the 1970s and they are having to get documentation for it.

This is RETROACTIVE. So you are now being punished for something that was previously perfectly normal and ok.

I now must file a formal petition and HOPE a panel of bureaucrats allows me to continue receive loans, because I dropped four classes in 2008 due to getting a full-time job that interfered with attendance.

This will effect TENS of thousands of people, if not HUNDREDS of thousands. It already is at my school -- one of the counselors there has a sky-high pile of petitions and she says tons of people are being effected.

Why? Because most people have "Ws" on their record, and just a few can set you below the required "pace" (different at various schools, but 66% at mine). "Pace" is the total number of classes completed divided by the withdrawals. This will particularly effect new students, freshmen and sophomores.

3) If you have more than 19,000 in student loan debt, you must now file a petition to obtain more.

(Honestly, there are even more new regulations, of which I don't know the full details).

This pisses me off for a couple of reasons.

First, this is OUR fucking money. WE paid for those classes, and if we dropped them, we should be grandfathered into the new regulation, instead, it's retroactive and we're being punished.

Second, Congress is CRACKING down on these student loans.

They are also considering legislation that would allow them to GARNISH WAGES of those who have defaulted on loans.

Interesting, isn't, that there is accountability for the little guy, but not for Congress? Not for the banks? Not for the corporations?

They get the bailouts, while the little guy gets the crack-down.

We ought to line up every one of those maggots in Congress, line 'em and execute them in the public square.

This is the beginning of "austerity", folks. It's gonna get a lot worse.

Your loverboy socialist Obama is NOT looking out for you and is NOT making it easier to go to school. FAR FROM IT.

8000 in defaulted school loans. No excuses I didn't pay them but to my defense my co-signer filed for bankruptcy and the lender told me the loan would be forgiven and I would not have to pay and the other was paid with my refund check. 3 years after receiving the loans and with no notice I was recently garnished for both loans. 15% each. I open my check one Friday and see a deduct amount of 300$. Only 2 months into the only job I've had since graduating with a 3.0 from Delaware. Next week I see 2 deducts, the other for 200$. That's per 2 weeks. I make a mortgage payment in garnishments per month. Almost bought a car when I got my job thank god I didn't. Oh, and I lost my apartment. I live back at home now. Thanks Student loans. Hey! At least I have a job right. Managing an enterprise location in MD. Thanks to my BA of Science. :) What a fucking joke

OP- I am thinking about getting my Masters and would need to get financial aid. I have never needed it before. Do all of these rules still apply??

Thanks

Boy are you up shit creek. I feel sorry for you.

I rehabilitated by defaulted loan, I'll get a deferrment, and when I repay, I'll file for hardship and payments should be very low.

I guess you can't do that now? Your payments seem excessive. I had to make $75 payments for nine months.

Ha ha ha ha ha ha


THese young people voted for him.

It's called KARMA.


Ha ha ha.


I was talking to an in-law (hispanic) who was smiling and laughing that he voted for Obama, and that now the "rich" people would be paying more in taxes. He was in ecstasy.

So I asked him. What happens when these "rich" people stop eating at the effing restaurant where you are an effing cook?

You should have seen the smile wiped off immediately from his face.

bullshit shill alert here.

How is it you don't know this.








Masters in what, doing bongs and pretending to be educated on the internet?

You're a worthless deadbeat peasant. Fuck you. They ought to grind you up and feed you to the Tyson chickens.

I'm paying for my kids education. They live at home, they don't own a car and they help as much as they can. We work together as a family. I've raised Three kids on my own and not one of them feels entitled to one damn thing.

For them to even find an open class is very difficult. But, at the end of each semester the classes are only about half full.
It pisses me off, most of the students that drop are on a free ride. Not only free classes but free books, free meals and a living expense.
Since when is it a "right" for all those that are "low income" to spend 5 years taking up space in American Universities? Don't even get my started on free education for half of Mexico
Very soon an entire generation of young adults will be forced to learn how life really works. Personally I can't wait to hear them whine. I wonder how much they will love Obama in the months ahead.

OP- I am thinking about getting my Masters and would need to get financial aid. I have never needed it before. Do all of these rules still apply??

Thanks

There is no federal money for a masters degree, you have to get scholarships & grants a different way.

I found this out as I'm going to get my masters degree eventually.