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STATE STUDENT LOAN CORP. CUTTING OFF NEW PRIVATE LOANS INDEFINITELY
The South Harmon Institute of Technology — whose acronym I probably shouldn’t type out — was the fake school from the forgettable movie “Accepted.” It was so forgettable, I had to Google “movie where they make a fake college” because I couldn’t remember the title.
Anyway, the premise is that this slacker gets turned down for every college he applied for so he makes a fake school to deceive his parents. It’s the typical unbelievable recycled Hollywood college movie with a extremely predictable plot and little humor, but that’s not the point.
The point is that South Harmon is about the only school that more than one-tenth of students from South Carolina will be able to get in after the state’s largest student lender has stopped taking applications for private loans because the economy is such a mess.
South Carolina Student Loan Corp. President Chuck Sanders said Monday the nonprofit corporation cannot sell bonds to finance the private loans because of the meltdown of the U.S. financial markets.
Sanders says the corporation will make all of the private loans already committed for the spring semester, but will stop taking applications until the market recovers.
Sanders says the Student Loan Corp. made private loans of about $70 million in each of the past two academic years. He says the federally backed loans totaled $450 million in the 2007-08 school year and $440 million the year before that. [CNN Money]
Private loans are what makes up the difference between student aid, federal loans, and money from the parental units.
Student lending giant Sallie Mae reports that nationally, 8 percent of all undergraduate students rely on private loans to pay for college. But in South Carolina, private loans account for more than 13 percent of all student loans.
So if that 13 percent includes you, then you better get a third or fourth job, or prepare your application to South Harmon. Heck, from what little I remember about the movie, it wasn’t all bad… there were bikini-clad women in a few scenes and Lewis Black is one of the professors.
I thought the movie was cool.
When I went back to college, I was 28, with a family to support. I earned enough to support my family and since the lottery doesn’t assist adult students regardless of their courseload or GPA (my final GPA was 3.72), I had to pay for college on top of that.
Comparatively, any student who has to pick up a part-time job to pay for their college education has it made.
Anyone who doesn’t see an education as something worth working for probably doesn’t deserve to go to college anyway.
i mister derek jessup would like to apply to south harmon institue of technology
just to prove to my mom i’m not an idiot and get a good grade in school so i can graduate from millbrook
and so i can dress up like a hot dog and yell ask me about my weiner
I thought the movie was excellent, it made 38.5 million dollars, adam i bet you wont make 3 million by the time you die. This movie depicts nothing of the sort that you are referring to. Reviews, are just some lame ass people who fondle themselves and watch movies for a living who criticize movies. get a life, let the numbers do the talking
Work on grammer a little bit… words that start with vowels are preceeded by “an” not “a” … thats all.
i love college im going here when i grow up and the movie was funny so go to hell
i love college im going here when i grow up and the movie was funny so go to hell. im in hollywood mom yeahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
accepted is one of my favorite movies and i could describe it as both hilarious and UNforgettable. dont go judging stuff because you have poor taste. i wish S.H.I.T. was a real college because 1: lewis black is the dean, 2: they have their own band, and 3: i could learn to blow $#!+ up with my mind. now i gotta get back to my clap-on disco ball and halo 2 aka “political science”. have fun with your closed mind.