Comments on: Graduated High School? Good! Time for…Nothing? https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/ Joe Palazzolo's Blog Wed, 18 Mar 2009 16:44:18 +0000 hourly 1 https://wordpress.org/?v=6.7.2 By: Taking Off A Year - Next Year, Actually - Could Be Worth It « JerseySmarts.com https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/comment-page-1/#comment-3186 Wed, 18 Mar 2009 16:44:18 +0000 http://blog.thebalrogslair.com/2008/04/23/graduated-high-school-good-time-fornothing/#comment-3186 […] for updates on this topic.Powered by WP Greet BoxLast April, I posted an entry talking about how taking a year off after high school would be a good way to broaden a young student’s world view. This mindset is something new […]

]]> By: Colleges Are Feeling the Pressure, Too « JerseySmarts.com https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/comment-page-1/#comment-2524 Tue, 30 Dec 2008 19:09:56 +0000 http://blog.thebalrogslair.com/2008/04/23/graduated-high-school-good-time-fornothing/#comment-2524 […] last sentence here is somewhat correct. I wrote last April about an article talking about how more students are deciding to take time off in-between high school and college. The suggestion above by the New York Times might be the proof […]

]]> By: Joe https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/comment-page-1/#comment-1880 Wed, 30 Apr 2008 18:36:52 +0000 http://blog.thebalrogslair.com/2008/04/23/graduated-high-school-good-time-fornothing/#comment-1880 More the reaction than the scrutiny. The VP of the bank was also telling us how new government regulations were making the industry all but unfundable from a private bank perspective. He expected that the regulations would be lifted in the summer months, but who knows with this weird Congress and weird President and it being a Presidential election year and everything. All I know is that I’m glad I’m out of school!

]]> By: Metroplexual https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/comment-page-1/#comment-1879 Wed, 30 Apr 2008 18:15:51 +0000 http://blog.thebalrogslair.com/2008/04/23/graduated-high-school-good-time-fornothing/#comment-1879 LOL at the Chinese comment. I wish it were not so. Is the reason for the pullout from the student loan market more about recent scrutiny or just the reraction in so many credit markets these days?

]]> By: Joe https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/comment-page-1/#comment-1878 Wed, 30 Apr 2008 15:59:24 +0000 http://blog.thebalrogslair.com/2008/04/23/graduated-high-school-good-time-fornothing/#comment-1878 Eh, I’m not sorry about my loans any more. They’re a burden, they suck, they’ll prevent me from making major financial moves for the next 5 – 7 years, but in the end I’ll have paid them off without ever missing a payment (hopefully) and my credit rating will continue to be through the roof (it’s already at 750+).

Of course I neglect to take into account that by the time I’m done paying these things off the Chinese will completely own the American banking sector, but that’s just minor details!

I have been following that endowment story and it’s glad to see that there are some real, positive movements in the student loan space. I’m a member of an Advisory Board to a large banking institution and at our quarterly meeting last week they reported that they – and some 45 other lenders – pulled out of the student loan market for the coming year. Financing education is about to get really treacherous.

]]> By: Metroplexual https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/comment-page-1/#comment-1877 Wed, 30 Apr 2008 14:03:50 +0000 http://blog.thebalrogslair.com/2008/04/23/graduated-high-school-good-time-fornothing/#comment-1877 I am sorry you had to learn about loans so well. I don’t know if you know this but many schools with large endowments have been shamed into helping their undergrads with more money in the last year. Especially the Ivys. So if your brothers are interested in going now is a better time.

]]> By: Joe https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/comment-page-1/#comment-1876 Wed, 30 Apr 2008 12:30:39 +0000 http://blog.thebalrogslair.com/2008/04/23/graduated-high-school-good-time-fornothing/#comment-1876 Oh, I need the vacation!

Both of my brothers have benefited (I think) from not going to college right after high school. I certainly have benefited FROM going to college right after high school – so I think it works differently for everyone. One of the unexpected positives that came out of me going to college so quickly is that I learned an enormous amount of information about the student loan system, etc. I’ve been able to use this information to make recommendations to my brothers and my friends about how to fund their college educations (Eddie, the guys who runs the wrestling part of this site, asked me a little bit about student loans, for example).

So again – I guess it works differently for each person. I could use a year-long vacation though!

]]> By: Metroplexual https://www.jerseysmarts.com/2008/04/23/graduated-high-school-good-time-for-nothing/comment-page-1/#comment-1875 Sat, 26 Apr 2008 13:21:34 +0000 http://blog.thebalrogslair.com/2008/04/23/graduated-high-school-good-time-fornothing/#comment-1875 Who says it has to be a vacation when you take this gap time. I was a screwup in high school so my parents would not pay for my college. Not that they had the money anyway with 6 kids 3 of which were older than me burning up the funds. Anyway, I had 3 jobs in the 4 years before I went on to college at Rutgers. One in Newark working in the pigments industry, one in the textile industry, and one in perfuming. I would say taking time off from school can be a very educational experience. Also it can be a motivator for a person with little direction, like myself at the time.

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