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Originally Posted by Chuck Norris
To those that don't believe a student will ever need a loan lets look at some programs, specifically, medicine, since this has been a banking target for a number of years.
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we're talking about non-professional undergrad programs that doesnt require 3+ years of post-secondary credits. you can go on and talk about MBA, dentistry and vet where some can easily cost over $85k/yr.
Quote:
Originally Posted by BNR32_Coupe
Correct me if I'm wrong, but to me, a MODERATE STANDARD OF LIVING is being able to put plates on the weekend car, pay for rent, afford a couple new pieces of inexpensive clothing every season, eat normal food, and have some money left over for movies, beers, cover for clubbing, concerts or shows, etc.
Financial need assessment
The amount of money you receive from StudentAid BC depends on your financial need, which is calculated using this formula:
Educational costs – student resources = financial need
Educational costs include:
* Moderate standard of living allowance for shelter, food, transportation and miscellaneous costs.
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By transportation and miscellaneous cost I'm pretty sure it's covering insurance/gas for a beater car, have normal food, medical/dental/eye care expenses, maybe hair cuts, but definately not money to be spent on movies, clubbing, concerts etc.
Leisiure,past-time and recreation should be coming out of one's pocket...save the LOC/student loan for somebody that can't even have enough for paying their tuition.
Your first post in this thread was about "up your living condition", not maintaining a moderate standard of living. It seems like your definition of standards of living is far from the average "student budget" standards of living.
Quote:
Originally Posted by BNR32_Coupe
I meant to insure a car, up living conditions, etc, given that you're confident you'll be able to repay it afterwards. On redflagdeals forums, a lot of the new grads that land 40k jobs right off the bat (minimum i might add) have something like 30k in debt average. one guy had debt as high as 80k because of cost of living, and maintaining his present standard of living rather than sharing a room with a dirty family, eating sardines out of a can, and taking the bus in the pouring rain after a long day of school
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