Student Loan Forgiveness Program

11 Apr

Student loan forgiveness works like this. If you work for a qualifying “public service” job such as a public school teacher, the balance of your student loan will be forgiven after 10 years while you make some payments. You need to fill out a certification form if your employer is one of qualified agencies. You will receive a letter of acceptance or rejection from FedLoan Servicing, the Department of Education’s student loan service contractor. About 550,000 people went through the process and received approved letters from FedLoan. But some of you on the program might get a huge surprise, unfortunately.
According to NY Times on March 30, 2017 article, Student Loan Forgiveness Article by NY Times, the Dept. of Ed said that some of approved loan forgiveness were invalid. Invalid!? You thought you are on the student loan forgiveness program. You have the approval letter. How could that be possible? I do not know because the Dept. of Ed has not explained the reason. But I am guessing two possibilities:
1. People who issued a letter were incompetent, or
2. The Dept. of Ed has changed some policy about the program without telling us publicly.
If I have a student loan debt, I will work more and make an extra payment every month so I can be debt free faster. I will not rely on a government program. This is one more reason not to borrow at the first place. You better check your status if you have been approved for the student forgiveness program.

Tutoring Services – February 15th, 2013

15 Feb

Tutoring services are popping up everywhere to help children from preschool to 12th grade. I started wondering if enrollment in one of tutoring service institutions such as Sylvan, Kumon, Huntington, and others is really effective. Parents spend money to let their children go to “school” after school.

I decided to investigate personally as a prospective tutor at one of learning centers. I won’t name it but one tutoring place I visited seemed like a quiet factory. There were many different age groups in one room. Each student took a booklet from his/her own file and sat down quietly solving problems. And s/he took the booklet to an instructor to be graded.

The concept is simple – each student progresses at own pace. It is just simple drills, tons of drills. After these repeated practice, a student can solve math or reading problems easily and quickly.


  • Quiet classroom environment
  • Practice makes sense
  • Curriculum supplement for what the regular schools don’t have much time for – drills



  • You could do this at home simply doing homework from school
  • No creative thinking – everything is mechanical and automatic response in the end
  • Costly

My take is that if you or your child is easily distracted at home, then this kind of institution might be helpful. But you can do it for free by creating an environment you can concentrate. For example, turn off music and a cell phone in your room. Decide what you want to accomplish and time yourself. It is all about your decision and self discipline. Don’t waste money!! You can do it!

Social Media – January 26, 2013

26 Jan

What you write or upload on your Facebook or Twitter is not private. And it will stay in the cyberspace forever. If you have Facebook or Twitter account, please do not have anything I list below:

  1. Your naked or near-naked picture,
  2. Vulgar language or threatening message to someone or something, especially anti-social messages,
  3. Racist comments, and
  4. Your picture or someone else supporting underage drinking consuming drugs.

Even you might have perfect SAT score, you are risking yourself not be admitted in some colleges. Academic record is the first thing admission officers will look at but if they detect some behavior or attitude problem in you, then you will be crossed out.

I hope you will never publish anything described above because they are not right, not because you want to get in your dream college. Be accountable what you say on web or any other form or shape! (including me and other adults, too)

$10,000 College Degree in Texas – January 14, 2013

14 Jan

Last year, Texas Governor, Rick Perry announced that State of Texas offer $10,000 undergraduate college degrees. It sounds like a savior from a heaven to lighten financial burdens of prospective students. I wanted to know more. How can they do it? The average State college in nationwide costs about $8600 per year. In summary, $10,000 undergraduate college degree program combines credits from some high school classes, community colleges, and 4-year colleges. What is new then? Many students have already gone or are going through this path – finish AA degree at community college and then transfer to 4-year degree in order to save money.

My take is that State should educate students well prepared before college. Then many students will be able to graduate from college, on time.

Happy New Year!

2 Jan

Do you think that your State can manage college education?

My answer is, unfortunately No. From admission policy to budget management, I am disappointed with public 4-year colleges. Under the name of diversity, State run universities have been admitting many academically insufficient students. The result is half of students in public universities won’t graduate. I hope State will emphasize K-12 education to make students well prepared before starting college. 

Senator Paid off Student Loan Debt – Dec 6th, 2012

6 Dec

Senator Marco Rubio from Florida has just paid off his student loan. He had $150,000 loan while he was in law school. In his case, he had written a book, “An American Son” and the proceeds of the book helped him pay off his student debt. He graduated from a law school and passed a bar exam, and then has become a senator. Writing and selling the book was a bonus to pay off the student debt faster. But reality is that many people won’t finish school – about 50% of public college students, at the same time accumulate an enormous amount of student loan debt.

Is it just an issue of college affordability or something more complex such as college admission policy?

College for everyone ? – Nov. 25th, 2012

25 Nov

Do you think everyone should go to college? College used to be for few elite. Having a college degree was a big deal – prestige and true intellect. Now having a college degree is becoming a mainstream and common for many people.

So what differentiate people with college degrees from people without them? Why do you want to go to college? Why did you go to college?