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How Much Debt is too Much? Options
Redrose27
Posted: Sunday, June 01, 2008 11:01:16 PM

Rank: Student Body President
Groups: Member

Joined: 3/4/2008
Posts: 1,210
honestly i think i'm just going to stay for a fifth year.

i lost my residence placement at western. i also lost my SE position at western, all for responding too late.

Laurier i lost my chance for the great entrance scholarship (and i'm assuming the other universities have similar policies).

i'm still unsure what i want to study; i have no place to live if i go to the university i'm admitted to (that i frankly don't want to attend now that i'm not in SE anymore).

i'm just making mistake after mistake after mistake. and my marks are plummetting too
Ooosh
Posted: Sunday, June 01, 2008 11:04:02 PM
Rank: Student Body Vice-President
Groups: Member

Joined: 3/5/2008
Posts: 730
Location: Kingston and Toronto
You need to stop stressing so much. If you have faith in your ability to make money to pay off loans, you should have just accepted Western on time. If not, go to where you can for free.

The thing is, you COULD transfer if you hated your first year. Trial and error.

Uschi
Queen's '10

CRAZYBUBBA
Posted: Sunday, June 01, 2008 11:14:39 PM

Rank: Student Council
Groups: Member

Joined: 5/22/2008
Posts: 480
Location: Kingston, ON
Ooosh wrote:
You need to stop stressing so much. If you have faith in your ability to make money to pay off loans, you should have just accepted Western on time. If not, go to where you can for free.

The thing is, you COULD transfer if you hated your first year. Trial and error.


But Scholar's electives was her primary reason for choosing western and she has lost his res space at Western (I'm assuming that they don't have guaranteed rez like we do).

With that said, I'm not sure that a 4,000 scholarship at Laurier would be worth spending another year in HS for. If you were offered a full ride or something than obviously that's different.

BAH '08 (Queen's) MA'11 (Queen's)
GGG
Posted: Sunday, June 01, 2008 11:33:02 PM

Rank: Student Body Vice-President
Groups: Member

Joined: 3/5/2008
Posts: 773
Location: toronto
^you mean Her, not him, but the thing is that redrose lost potentially $18,000 scholarship from laurier just for not accepting the offer by the deadline.




hm. I think since everything is really going against you, and you don't really know what you want to study anyways, staying the 5th year would still be a good choice.

uw/wlu DD '13
CRAZYBUBBA
Posted: Sunday, June 01, 2008 11:37:17 PM

Rank: Student Council
Groups: Member

Joined: 5/22/2008
Posts: 480
Location: Kingston, ON
$18,000 looks really good on grad school apps and it's a great figure for your economic stability. A fifth year does make sense.

and sorry for calling you a "he", it's a default thing I guess.

BAH '08 (Queen's) MA'11 (Queen's)
alys98
Posted: Monday, June 02, 2008 1:27:47 AM
Rank: Student Council
Groups: Member

Joined: 3/5/2008
Posts: 400
Location: Paris, Ontario


If you have your heart set on SE (meaning, you don't feel that you could go to any other university), then I would go back to HS (only if there are courses you could take that could help you in discovering what you are passionate about, or could help raise your average even more) If not, and you stay back a year, then WORK! make some cash, which will lighten the blow of the debt you would be in from Western. If you feel that you can part with Western and SE, than I would definitely say to try and get in at Laurier. Sure the $18,000 would have been amazing, but you have family that works there, getting you a great discount, and you would have a free place to live after your first year, definitely saving you the $18,000 you would lose this year because of late response. You seem like you are ready to move on from high school, and I really don't want to see you wasting a year. My French teacher, (Has great advice) says university in itself is a great learning experience, if you don't know what you want to do with your life in high school, try going to university. He didn't know he wanted to be a French teacher until his second year of university. Take various courses in your first year and explore. I guess I'm biased because I'm going to Laurier in the fall, but it's not a bad school, if it was, I wouldn't be going there, haha. I could have went to Western, U of T, Queen's, these 'prestigious schools'. But I didn't even apply to any of those schools, mainly because I didn't like their size, but also because I didn't like the vibe I got from them.

Don't go back to high school if you really don't need to. I went back for an extra semester, and that definitely was enough for me. An extra year between high school and university is valuable for other things. It allows you to make extra cash, but it also lets you slow down a bit, look at your life, experience 'reality' aside from school. It lets you catch your breath, and I'm really glad I took a fifth year, I feel more mature and ready for university. But if you feel that you are ready now, I would suggest going, to which ever university you ultimately decide to go to.

Success is not the key to happiness, happiness is the key to success. If you love what you do in life, you will be a success!!
hmg
Posted: Monday, June 02, 2008 1:36:35 PM

Rank: Frosh
Groups: Member

Joined: 6/2/2008
Posts: 4
Location: Poco
DUDE! Back to the question, RENT IN NYC IS NOT 800-1000!!! ARE U NUTS!!!!! MORE LIKE 2400 go to queens, that's a steal
CRAZYBUBBA
Posted: Monday, June 02, 2008 1:39:44 PM

Rank: Student Council
Groups: Member

Joined: 5/22/2008
Posts: 480
Location: Kingston, ON
hmg wrote:
DUDE! Back to the question, RENT IN NYC IS NOT 800-1000!!! ARE U NUTS!!!!! MORE LIKE 2400 go to queens, that's a steal


I used to live in NY, so I know the going rates, and I'd be splitting rent with a friend at NYU so it would be that much for me.

BAH '08 (Queen's) MA'11 (Queen's)
Stringer
Posted: Monday, June 02, 2008 1:54:54 PM

Rank: Student Body President
Groups: Member

Joined: 3/5/2008
Posts: 1,728
Location: Wilfrid Laurier University
CRAZYBUBBA wrote:
$18,000 looks really good on grad school apps and it's a great figure for your economic stability. A fifth year does make sense.

and sorry for calling you a "he", it's a default thing I guess.


Staying an extra year in high school doesn't usually make ECONOMIC sense. Opportunity cost is through the roof.

-Stringer
CRAZYBUBBA
Posted: Monday, June 02, 2008 2:17:02 PM

Rank: Student Council
Groups: Member

Joined: 5/22/2008
Posts: 480
Location: Kingston, ON
Stringer wrote:
CRAZYBUBBA wrote:
$18,000 looks really good on grad school apps and it's a great figure for your economic stability. A fifth year does make sense.

and sorry for calling you a "he", it's a default thing I guess.


Staying an extra year in high school doesn't usually make ECONOMIC sense. Opportunity cost is through the roof.


At this point i would not consider going to the standard first year program at Western and assuming debt a good move... especially when she could get a scholarship and admittance into $$ making program.

BAH '08 (Queen's) MA'11 (Queen's)
Stringer
Posted: Monday, June 02, 2008 2:21:22 PM

Rank: Student Body President
Groups: Member

Joined: 3/5/2008
Posts: 1,728
Location: Wilfrid Laurier University
CRAZYBUBBA wrote:
Stringer wrote:
CRAZYBUBBA wrote:
$18,000 looks really good on grad school apps and it's a great figure for your economic stability. A fifth year does make sense.

and sorry for calling you a "he", it's a default thing I guess.


Staying an extra year in high school doesn't usually make ECONOMIC sense. Opportunity cost is through the roof.


At this point i would not consider going to the standard first year program at Western and assuming debt a good move... especially when she could get a scholarship and admittance into $$ making program.


Wasting a year in high school is equivalent to giving up a year of being a full-time employee. Take even a conservative estimate of $40,000/year pay plus a year more of experience and you can see there is no economic benefit of staying in high school for a 5th year. That's not to say she shouldn't stay, just that it doesn't make economic sense.

-Stringer
alys98
Posted: Monday, June 02, 2008 2:48:46 PM
Rank: Student Council
Groups: Member

Joined: 3/5/2008
Posts: 400
Location: Paris, Ontario
Stringer wrote:
CRAZYBUBBA wrote:
Stringer wrote:
CRAZYBUBBA wrote:
$18,000 looks really good on grad school apps and it's a great figure for your economic stability. A fifth year does make sense.

and sorry for calling you a "he", it's a default thing I guess.


Staying an extra year in high school doesn't usually make ECONOMIC sense. Opportunity cost is through the roof.


At this point i would not consider going to the standard first year program at Western and assuming debt a good move... especially when she could get a scholarship and admittance into $$ making program.


Wasting a year in high school is equivalent to giving up a year of being a full-time employee. Take even a conservative estimate of $40,000/year pay plus a year more of experience and you can see there is no economic benefit of staying in high school for a 5th year. That's not to say she shouldn't stay, just that it doesn't make economic sense.


It actually was pretty 'economically' beneficial for me. I saved up lots of cash, and boosted my average to the next scholarship level to get more money. I'm really not seeing how this was not beneficial for me?

Success is not the key to happiness, happiness is the key to success. If you love what you do in life, you will be a success!!
Stringer
Posted: Monday, June 02, 2008 2:54:17 PM

Rank: Student Body President
Groups: Member

Joined: 3/5/2008
Posts: 1,728
Location: Wilfrid Laurier University
alys98 wrote:
Stringer wrote:
CRAZYBUBBA wrote:
Stringer wrote:
CRAZYBUBBA wrote:
$18,000 looks really good on grad school apps and it's a great figure for your economic stability. A fifth year does make sense.

and sorry for calling you a "he", it's a default thing I guess.


Staying an extra year in high school doesn't usually make ECONOMIC sense. Opportunity cost is through the roof.


At this point i would not consider going to the standard first year program at Western and assuming debt a good move... especially when she could get a scholarship and admittance into $$ making program.


Wasting a year in high school is equivalent to giving up a year of being a full-time employee. Take even a conservative estimate of $40,000/year pay plus a year more of experience and you can see there is no economic benefit of staying in high school for a 5th year. That's not to say she shouldn't stay, just that it doesn't make economic sense.


It actually was pretty 'economically' beneficial for me. I saved up lots of cash, and boosted my average to the next scholarship level to get more money. I'm really not seeing how this was not beneficial for me?


How much money did you save and how much additional scholarship money did you earn?


-Stringer
NEM99
Posted: Monday, June 02, 2008 7:15:58 PM
Rank: Student Body Vice-President
Groups: Member

Joined: 3/4/2008
Posts: 957
Location: Alberta
Redrose27 wrote:
honestly i think i'm just going to stay for a fifth year.

i lost my residence placement at western. i also lost my SE position at western, all for responding too late.

Laurier i lost my chance for the great entrance scholarship (and i'm assuming the other universities have similar policies).

i'm still unsure what i want to study; i have no place to live if i go to the university i'm admitted to (that i frankly don't want to attend now that i'm not in SE anymore).

i'm just making mistake after mistake after mistake. and my marks are plummetting too


Oh no Redrose. This is all such terrible news. So strange you're the one having all these problems after seeming so focused this year. I'm sorry to hear about it. Hopefully it all works out for the best in the end.

Taiyab wrote: Is it me, or is Karla Homolka gorgeous!

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