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

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.

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 have received ZERO attention or press) that now severely hinder anyone's hopes of either getting loans or staying in school.

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.

and let me add to my post above that these colleges are admitting students who are not qualified to attend college, thus the GPA requirements. It's all about the money for most of these institutions anymore.

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.

Gotta love debt slavery. Get 'em while they're young and stupid and they'll be paying it off till they're old and angry.

Try taking the conversation OUT of the caged conditioning.
Having vision beyond the tip of your nose, ie., what kind of prospects kids have for their future in a country where intellectual discovery is dashed you get desperate indebted despair.
Triple tuitions on junk, garbage indebted for decades on a job that might last a year and then falter & try digging out. That's u.s. legacy for the young..we must hate them by the way we are ignoring the wall lies just ahead for them.

I have heard that community college actually has a higher graduation rate then the universities. Most people in community college are older and have direction and are very serious. Community college is cheaper and those there seem to be driven. Many people who go to community college don't want or can't afford the huge debt with 4 year schools.

The brilliant folks didn't think of that when they voted!

You are right, but I have no other option -- most don't.

You can always work your way through school and pay as you go. Most of my family had to.

if you're as old as looking back at grades from 1955 you should just go to

khanacademy.org
academicearth.org


you will be able to completely specialize your education and the quality of material is worth much more than you would currently pay on a smaller institution.

The OP seems to feel he is entitled to someone else's money. Probably voted for his Lord and Savior, the O man.

If its so much harder than why are there stories of record numbers of student loans being taken out?

This is a fucking GREAT thing Obama did, you lazy, worthless pieces of welfare shit.

Most of you bitch about Obama for giving away too much money to those in need, now you bitch about him cutting back on the handouts for student loans! WTF??!!

You can't have it both ways, you fucking idiots!

This is a fucking GREAT thing Obama did, you lazy, worthless pieces of welfare shit.

Most of you bitch about Obama for giving away too much money to those in need, now you bitch about him cutting back on the handouts for student loans! WTF??!!

You can't have it both ways, you fucking idiots!

When it comes to getting government loans here is what you need, GOOD LUCK!