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wannabelawstudent
Posts: 2588
Joined: Sat Aug 13, 2011 7:33 pm

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Postby wannabelawstudent » Tue Mar 26, 2013 9:11 pm

Yeah that should never happen.

09042014
Posts: 18282
Joined: Wed Oct 14, 2009 10:47 pm

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Postby 09042014 » Tue Mar 26, 2013 9:20 pm

The use of the 20% down payment for a house is the bank has a secure asset that it can use as collateral even if the value is reduced by the market. Even if your house takes a hit in value, the bank can get their money back 100%.

Students loans are totally unsecured. Even if you put down 20% into tuition, that adds ZERO security to the loan.

Stupid idea.

wannabelawstudent
Posts: 2588
Joined: Sat Aug 13, 2011 7:33 pm

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Postby wannabelawstudent » Tue Mar 26, 2013 9:23 pm

Desert Fox wrote:The use of the 20% down payment for a house is the bank has a secure asset that it can use as collateral even if the value is reduced by the market. Even if your house takes a hit in value, the bank can get their money back 100%.

Students loans are totally unsecured. Even if you put down 20% into tuition, that adds ZERO security to the loan.

Stupid idea.

Good and practical point. I didn't even think of that point. I was more going for the "only the really rich can shellout 30k up front for law school"

20141023
Posts: 3072
Joined: Mon Jun 18, 2012 12:17 am

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Postby 20141023 » Wed Mar 27, 2013 10:52 pm

.
Last edited by 20141023 on Mon Feb 16, 2015 1:27 pm, edited 1 time in total.

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sinfiery
Posts: 3308
Joined: Thu Jul 14, 2011 2:55 am

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Postby sinfiery » Wed Mar 27, 2013 11:49 pm

Why the hell are interest rates 7-8% when you can't discharge your loans. Makes no sense.

SportsFan
Posts: 722
Joined: Thu Oct 11, 2012 5:26 pm

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Postby SportsFan » Wed Mar 27, 2013 11:53 pm

sinfiery wrote:Why the hell are interest rates 7-8% when you can't discharge your loans. Makes no sense.

#debtculture




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