[nabs-l] financial aid

[Beth]

I don't think anything is understood here.  Loans are evil.  For 
some people that is.  Loans put you in debt and I can't afford 
debt if I'm unemployed for a while and on SSI.
Beth

 ----- Original Message -----
From: Bill <cassonw at gmail.com
To: National Association of Blind Students mailing list 
<nabs-l at nfbnet.org
Date sent: Wed, 25 Jul 2012 08:24:42 -0600
Subject: Re: [nabs-l] financial aid

I think it is extremely unfair to make these statements about 
loans.
While it may be true that some members of our society cannot take 
out
loans for one personal reason or another, or choose not to, does 
not
make them worthless.  Loans, especially those offered by the US
federal government can be a very useful tool to help afford 
college
expenses.  As with financing a car or house, the borrower needs 
to be
aware of their financial situation and likely earning prospects 
when
determining whether to take out loans and if so, how much to 
borrow.
I found the subsidized federal stafford loans helpful for college
because I could take out a several thousand dollar loan, that 
would
not accrue interest as long as I was a student.  This allowed me 
to
make payments towards it throughout the term as I earned money 
and
make significant dents in it during the summer when I was able to 
work
full time.  I am currently a grad student and only have about 2
thousand in loan debt, which I still am not accruing any interest 
on.
Loans are how most students afford college, and just like any 
other
loan, such as a mortgage, be a wise borrower will probably keep 
you
out of trouble.  Loans are just another tool in life, and like 
almost
every tool, if used correctly can be a great help, but if used
incorrectly can cause great harm.
Bill

On Wed, Jul 25, 2012 at 7:28 AM, Beth <thebluesisloose at gmail.com> 
wrote:
 This message regards financial aid.  Wasif, you said FAFSA won't 
pay if my
 GPA is below    2.0.  Well, I have SSI and can't pay for school 
even with
 loans.  Loans aren't worth crap, and government loans aren't 
worth crap
 either.  I say this because some students, even Muslim students, 
can't pay
 the loans back because interesft is considered Riba, or evil.  
You can't
 borrow money from banks due to religious reasons, and that's the 
truth for
 some people.
 Beth

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--
Bill Casson
University of New Mexico
M.S. Computer Science
Lewis & Clark Alumnus '11
B.A. Physics and Math/Comp Sci.
(505) 695-1374
cassonw at gmail.com

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