Student loan is messing me up.

[Orange Seeds]

The last time our provincial government gave a damn about education was in the '70s, when the premier (Peter Lougheed) established the Heritage Trust Fund. Part of the fund was used to buy books for school, college, and university libraries.

It was just announced today that, in line with other stimulus funds which are disproportionately being spent in Tory ridings, U of A is getting a vast amount of stimulus dollars.
http://www.theglobeandmail.com/news/national/prairies/u-of-a-reaps-research-windfall-despite-austerity-across-campus/article1686942/

Anyways, my comparable tuition (Capilano University) was about $300 per class. At UBC it's more like $500. If you have some way of showing that your student loans will go through and it's just a matter of time, then they will wait at least until the drop deadline. Smaller schools like that will want the money.

I don't know how your mother manages to take your earnings, so I won't touch that.

 

[wolfigor]

I for one envy your little $550 billion pension fund.

Who doesn't envy it?

IMO it's really a good idea that the Norwegian government don't waste the wealth from oil, but save it for the future of all Norwegian citizens.
It's really a long term vision to guarantee prosperity too all citizens, not only to a lucky few.

 

[Volum]

In Norway you have to pay the school first, then they register you as a student and you get the money. I paid $190 for the entire school year about a month ago. But i have to buy my own books tough, but you get extra money in your first payment for that. Have to pay a lot of it back, but if you pass your exams you don't have to pay everything back.

 

[say1988]

I plan on marrying and escaping out of country (into America) after I finish school.
Will I still be responsible to repay OSAP?

Why wouldn't you? It is ust like any other loan.

 

[aimeeandbeatles]

Now my mom is insisting that i pay the rent and groceries and bills for things i dont even use. she just sleeps on the couch all day and complains shes too tired to do anything

shes told me that she would rather have us both homeless than go to work

 

[warpus]

I plan on marrying and escaping out of country (into America) after I finish school.
Will I still be responsible to repay OSAP?
(onstario student awards program)

Canadian OSAP repayment engineers will hunt you down with extreme prejudice.

 

[say1988]

Move out.

 

[History_Buff]

Now my mom is insisting that i pay the rent and groceries and bills for things i dont even use. she just sleeps on the couch all day and complains shes too tired to do anything

shes told me that she would rather have us both homeless than go to work

Sounds like you need to move out. Find a place close to school, leave with 2-3 other people. You'll have a blast.

 

[azzaman333]

Now my mom is insisting that i pay the rent and groceries and bills for things i dont even use. she just sleeps on the couch all day and complains shes too tired to do anything

shes told me that she would rather have us both homeless than go to work

Why do you still live with her?

 

[Valka D'Ur]

Now my mom is insisting that i pay the rent and groceries and bills for things i dont even use. she just sleeps on the couch all day and complains shes too tired to do anything

shes told me that she would rather have us both homeless than go to work

Aimee, you're still about a year away from legal age in your province, right? You need to look into getting emancipated status. This living situation is insane. Your mother cannot either legally or morally expect you to pay the rent and bills on $80/week and attend your classes.

History Buff made a good suggestion: look around for a couple of roommates to share an apartment with, or maybe somebody who rents rooms to students (they tend to be cheaper, and often come with house privileges).

 

[wolfigor]

In Norway you have to pay the school first, then they register you as a student and you get the money. I paid $190 for the entire school year about a month ago.

$190 is almost nothing for 1 year (is it high school or university?).

But i have to buy my own books tough,

That's everywhere the same.
But there are plenty of very good libraries (at least here in Oslo) if one really wants to save money.

Have to pay a lot of it back, but if you pass your exams you don't have to pay everything back.

At least here in Norway students can get cheap loans, instead of relying on family.
This allows everybody, rich and poor, to access high education.

 

[innonimatu]

Who doesn't envy it?

IMO it's really a good idea that the Norwegian government don't waste the wealth from oil, but save it for the future of all Norwegian citizens.
It's really a long term vision to guarantee prosperity too all citizens, not only to a lucky few.

I still doubt that having of a national government accumulate so much money ($100000 per capita now?) in some fund is a good thing. It assumes that the international flows of capital will remain unchanged (as easily done as they are today). That may be a natural and unavoidable risk for individual investors or speculators, but seems a bad risk for a nation. Better to spend it improving the nation itself. But I guess that Norway has been spending, and just couldn't spend all the oil income anyway.

And about student loans: I really don't think that they'll pay. Gone is the time when college, or even higher education, necessarily paid. It's no longer a "good investment",I]financially[/I]. That education is still good, personally, but people should avoid overpaying in the false expectation of getting high-paid jobs later.

 

[wolfigor]

I hope I'm not taking this thread too much OT...

I still doubt that having of a national government accumulate so much money ($100000 per capita now?) in some fund is a good thing.

Many countries in Europe have now problems to finance their pension systems: a full generation of people have worked hard with the promise of a quiet retirement, but they risk to have a meaningless pension once retired.
In USA many workers have seen their pension funds (managed by their bankrupt companies) disappear.
At least Norway is making sure that its own citizens can have a safe future, and that the country can pay what it's due to its people once they retire.

In my view it's like a family saving part of their income for the lean times instead of spending everything immediately.

There is a debate (a very calm and tediously Nordic) about it, with at least one political party that wants to use a larger amount of oil money for infrastructures and so on.

But I guess that Norway has been spending, and just couldn't spend all the oil income anyway.

Norway is spending a LOT in infrastructures, even the most remote village in the most remote island or fjord is well connected with roads.
E.g. all Lofoten island bar the last one are connected by bridges or tunnels.

And about student loans: I really don't think that they'll pay. Gone is the time when college, or even higher education, necessarily paid. It's no longer a "good investment",I]financially[/I]. That education is still good, personally, but people should avoid overpaying in the false expectation of getting high-paid jobs later.

I still think that a higher education is a must to have now: there is too much competition (even from abroad) and instability with low skilled jobs.
Without a decent education, one has less opportunities to secure a stable and well remunerated job.

Said this as a baseline/disclaimer I have to agree with you that people have to think twice before signing for a very expensive study loan: Not everybody will get a highly paid job that will completely cover his/her debt later in the future.

 

[dosed150]

Said this as a baseline/disclaimer I have to agree with you that people have to think twice before signing for a very expensive study loan: Not everybody will get a highly paid job that will completely cover his/her debt later in the future.

over here thats not so much a problem, if your earning less than £15,000 you dont have to pay back your student loan

 

[wolfigor]

over here thats not so much a problem, if your earning less than £15,000 you dont have to pay back your student loan

Living in London with less then £15,000 is not fun at all... it's pretty much the "bread line".

 

[aimeeandbeatles]

The student loan papers came in! yay