Some “Graphic” Commentary on the Student Loan Industry and the Government
September 3rd, 2010 | Added to Student Loans | No Comments »    

While I was browsing around the internet the other day, I saw the graphic that you can see below. The reason that I am posting this on JerseySmarts.com is because I found that while I was reading the information on the graphic, I was smiling and enjoying the fact that someone went through all of the trouble to put this stuff together in an attractive format. Plus, I’m a big advocate for student loan repayment so I thought I’d share this with you folks since it talks about what happens when someone, unfortunately, doesn’t repay their loans.

Enjoy!

Another Thousand Down, But From A Different Source…
September 1st, 2010 | Added to Student Loans | No Comments »    

Well, well, well… I have a bit of a surprise to report in the latest update to my student loan repayment story. Actually, this isn’t really a surprise any more than it is an obvious eventuality of my repayment system, but it’s certainly a change from the previous updates that I put up here on the blog.

Down to $77 thousand!

As it turns out, my student loan debt has dropped by another $1,000 in total outstanding principal (of course – or else I wouldn’t be writing this entry). My total student loan debt went from $78 thousand down to $77 thousand. Pretty good, right? However, this time around the reduction comes not from a lower principal balance on my New Jersey Higher Education Student Assistance Authority loan. Nope. Rather, the loan that I have with the United States Department of Education now sits at about $54 thousand instead of the $55 thousand that it has been since I started down this repayment path.

And that’s where the obvious eventuality comes from that I referred to earlier. This was obviously going to happen at some point since I have an automatic payment setup with the USDOE to pay the monthly amount due on their loan. And this comes at a good time, too, since my most recent payment to the NJHESAA was less than $1,000 and thus I might not have had one of these fancy reports to post on JerseySmarts.com for you, my good readers!

I just checked my NJHESAA repayment projections and it seems like there might be a nice surprise in store for my repayment plans around early to mid-October. There’s a strong chance that I might be reporting a double drop either around the first or fifteen of October (if not beforehand). So let’s hope that the repayment projections stay their course, huh?!

In May 2006, I graduated from Rutgers University with a Masters Degree and $120,720 in student loan debt. I currently owe $77 thousand, which breaks down to $23 thousand owed to the New Jersey Higher Education Student Assistance Authority and $54 thousand owed to the United States Department of Education. Follow my student loan repayment story on JerseySmarts.com.

What I Hate the Most About the Start of a New School Year
August 31st, 2010 | Added to College & Fraternity Life, Random Entries | 2 Comments »    

Don’t get me wrong by the title of this entry. I’m essentially a professional student and I love the feeling of the last few days of summer just as much as the first few days of school. I know that’s a rarity, but there are some folks out there that love the whole idea of learning and increasing one’s knowledge, etc. Needless to say, this is a fun time of the year in my book.

However, there is one thing that I absolutely hate about this time of the year and you can find it on Facebook. That’s right, an anti-Facebook message on JerseySmarts.com!

What I hate is when all of these teachers and education industry people get on their Facebook accounts and complain that they have to go back to school. WHAT?! You’re complaining that you’re dreading going back to school!?! First of all, what balls to say that in New Jersey where there are thousands of laid off workers who only wish they were going back to school!

Second, it’s your JOB! Sure, I bitch about my commute quite often and yes, I might get annoyed at one of my managers from time to time, but you’ll NEVER catch me (or anyone with any common sense) complaining that they have a job to go to tomorrow. That’s utterly ridiculous!

And, without fail, the same bevy of complaints come in from teachers and education industry people that are in near-comatose states of mind because they’ve spent the last three to four months sitting around doing as close to nothing as possible. Get real, people! The entire world is out there working everyday of the summer and teachers have the gall to complain that their three to four month vacation is coming to an end? Shut up!

Complain about your commute, complain about your bratty little kids that you teach, complain about the extremely overpaid administrators in your districts…but don’t complain that you have a job to go to and don’t complain that you actually have to work for a living. Good grief! And people wonder where this entitlement mindset comes from with some of these teachers?! Then again, it was no surprise to anyone with a year-round job (i.e. 90%+ of the entire workforce) that teachers complained about having to pay into their healthcare system. I wonder if the teachers heard that collective laugh when they started complaining about the 1.5% or 2% (I don’t remember what it was) that they had to start contributing.

A final thought – I’m a guy for education reform at all levels. For example, teachers should absolutely pay more into their retirement system, but they should also receive an increase in pay (not necessarily on par with the money that they’re paying into the system, but some small increase to bring them closer to a living wage). That said, teachers are government employees – plain and simple. When the government has no money, then teachers should not get raises. It’s part of having a government job.

However, one of my favorite education reform ideas is increasing the school year. Think about it – we prepare our students for the real world by telling them, “You’re on vacation from the end of June through the beginning of September – go have fun!” Completely ridiculous. What does that prepare them to be in life? Well, I guess you could argue that it prepares them to be teachers, but we have enough of those already! I bring this up because imagine the complaints coming from the teachers and education industry if summer vacation was reduced from two and a half months to two or three weeks!? Ha!

How Can Anyone Compete With THIS Price at the Local Wal-Mart?
August 30th, 2010 | Added to Jokes & Humor | No Comments »    

My local Wal-Mart recently underwent a major renovation and reorganization of the floor plan to accommodate a new grocery section. While the renovation is still in process (and annoying) you can occasionally catch mistakes around the new grocery area. For example, I was walking around the store the other day and I saw the picture below and thought, “Who can compete with that?!”

Good grief! What a bargain!?

Anyway, just some lighthearted humor to start the week. Come back tomorrow for some brief information on my staycation last week. Also, at some point this week I plan on talking about what my intentions are for next week – when I’m off from work for the whole week!

The Dumbest Comment in All of New Jersey This Year Is…
August 27th, 2010 | Added to Idiots, Morons, & Fools, The State of New Jersey | No Comments »    

Just like anyone else, I’m upset and frustrated that former Commissioner of the New Jersey Department of Education Bret Schundler lied to Governor Chris Christie about the mistake that his office allowed in our Race to the Top application. But some of the trashy, really low-brow rhetoric coming from the New Jersey Democrats about this issue is just jaw-droppingly stupid.

For example, Assemblyman John Wisniewski (D-Middlesex), also the state Democratic Chairman, made a comment that is by far the dumbest comment made in all of New Jersey this year. Here it is for your reading bafflement:

“Instead we’re left to watch New York and Delaware qualify for nearly $1 billion in Race to the Top funding for their children. So far in his short tenure as governor, Christie’s desire to boost his national Republican party credentials has cost New Jersey the only African American on the New Jersey Supreme Court, funding for critical women’s health services and now $400 million for our children. What will Christie’s national Republican political strategy cost New Jersey next?”

Really? REALLY you dummy? First of all, Delaware didn’t win any money in this round of the Race to the Top, the District of Columbia did. Moron. Second, Christie is constantly saying that he has no desire for a higher position in the Republican party and that he is completely focused on New Jersey. Could he be bluffing? Sure – anyone can be bluffing at any time. However, we have to take people at face value and the sheer repetition of Christie saying that he’s NOT running or aspiring for a higher office definitely counts for something.

And if we’re taking people at face value, then Wisniewski is clearly the dumbest person in the Garden State and the one trying to spin this situation for the most political points. I hope that the rest of my fellow New Jerseyans are still living in reality and that they laugh this idiot’s comments away.

Look, the NJDOE screwed up big time in the Race to the Top application. Heads should have rolled and they did. Let’s learn from the situation and move on already. Good grief!

Today Starts A Brief Summer Staycation
August 25th, 2010 | Added to Random Entries | No Comments »    

Today is the first day of a brief summer staycation that I decided to take from my office. My original intent in taking these days off was to head to a North American Interfraternity Conference Foundation convention in Indianapolis, Indiana. However, it turns out that my presence at that convention was not needed so I opted to keep the time off and enjoy some rest and relaxation.

You know, when I take time off from work I have to use my vacation days. Yet, most of the times when I use those days I’m actually not “vacating” anything. In fact, most of the time I’m doing some type of volunteer work for the Sigma Pi Educational Foundation.

So…

Now that I actually have a few days off, I’m thinking about heading to the beach. Believe it or not, for the last ten years I’ve lived a few minutes from the Atlantic Ocean on the beautiful Jersey Shore and yet I’ve probably been to the beach less than ten times in these ten years. It’s bizarre, really. In addition to the beach, I plan on going to the movies and seeing whatever’s big right now (maybe Toy Story 3 is still playing? What’s good?) and probably sitting out in the backyard of the townhouse and doing a little sunbathing.

Should be fun!



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