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Korean Job Discussion Forums
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some waygug-in
Joined: 25 Jan 2003
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 Posted: Mon Jun 20, 2005 9:36 am Post subject: |
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I think many are coming to the realization that Korea is just not worth the hassle anymore.
There are other places to work, perhaps for less money but a lot more rewarding experientially speaking.
The latest immigration "crackdown" is only making people want to stay away. Why bother with all this BS when I can go work in China, Japan, Taiwan, UAE, Russia or countless other countries.
Enjoy your kimchi. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Mon Jun 20, 2005 12:25 pm Post subject: |
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Is there any evidence, beyond a poster's friend's impression, that the number of applicants is down?
I didn't think so. |
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Homer
Guest
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| Posted: Mon Jun 20, 2005 1:05 pm Post subject: |
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ok..China as a better choice then Korea...even experimentally (??)...good one!  |
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Ryst Helmut
Joined: 26 Apr 2003
Location: In search of the elusive signature...
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| Posted: Mon Jun 20, 2005 3:42 pm Post subject: |
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| some waygug-in wrote: |
I think many are coming to the realization that Korea is just not worth the hassle anymore.
The latest immigration "crackdown" is only making people want to stay away. Why bother with all this BS when I can go work in China, Japan, Taiwan, UAE, Russia or countless other countries.
Enjoy your kimchi. |
This only applies to the lazy native English-speaking wetbacks.
!shoosh
Ryst |
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hari seldon
Joined: 05 Dec 2004
Location: Incheon
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| Posted: Mon Jun 20, 2005 11:52 pm Post subject: |
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| rapier wrote: |
| It would make no sense for Universities to revoke degrees for non-payment of student loans. By doing that, they ensure the defaulter cannot find a job and thus cannot pay them back. |
Degrees aren't revoked; official transcripts are withheld.
How can this be done you ask? Student loans in the U.S. are guaranteed by the government so in a sense the government is co-signing for the loan. To participate in loan programs, schools are required to follow the government's rules.
There are two major loan programs. The largest program is the Stafford. This is basically a bank loan. The smaller program is the Perkins. It differs because one-fourth of its loanable funds are provided by the schools themselves with the government providing the balance.
Usually (but not always), banks sell their Stafford student loan portfolios to big student finance agencies that administer and collect these loans. If a student defaults on payments, there are numerous consequences including bad credit, seizure of income tax refunds, possible law suit and if the school in question was a public university, withholding of transcripts.
Perkins loans are administered by the schools themselves. If you default on a Perkins loan, you'll be the target of similar collection techniques and the public or private school will withhold your transcript.
Years ago it was possible to evade responsibility for paying student loans by having them dismissed in a bankruptcy proceeding. This is no longer possible (unless you're crippled by injury or disease). |
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rapier
Joined: 16 Feb 2003
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| Posted: Tue Jun 21, 2005 12:50 am Post subject: |
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| hari seldon wrote: |
| rapier wrote: |
| It would make no sense for Universities to revoke degrees for non-payment of student loans. By doing that, they ensure the defaulter cannot find a job and thus cannot pay them back. |
Degrees aren't revoked; official transcripts are withheld.
How can this be done you ask? Student loans in the U.S. are guaranteed by the government so in a sense the government is co-signing for the loan. To participate in loan programs, schools are required to follow the government's rules.
There are two major loan programs. The largest program is the Stafford. This is basically a bank loan. The smaller program is the Perkins. It differs because one-fourth of its loanable funds are provided by the schools themselves with the government providing the balance.
Usually (but not always), banks sell their Stafford student loan portfolios to big student finance agencies that administer and collect these loans. If a student defaults on payments, there are numerous consequences including bad credit, seizure of income tax refunds, possible law suit and if the school in question was a public university, withholding of transcripts.
Perkins loans are administered by the schools themselves. If you default on a Perkins loan, you'll be the target of similar collection techniques and the public or private school will withhold your transcript.
Years ago it was possible to evade responsibility for paying student loans by having them dismissed in a bankruptcy proceeding. This is no longer possible (unless you're crippled by injury or disease). |
Is this just an American thing, or Britain/Australia/ New zealand as well?
Anybody know about this? interesting.
In Britain the student loans company is independent of the university as far as I know. |
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hari seldon
Joined: 05 Dec 2004
Location: Incheon
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| Posted: Tue Jun 21, 2005 3:00 am Post subject: |
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| rapier wrote: |
| hari seldon wrote: |
| rapier wrote: |
| It would make no sense for Universities to revoke degrees for non-payment of student loans. By doing that, they ensure the defaulter cannot find a job and thus cannot pay them back. |
Degrees aren't revoked; official transcripts are withheld.
How can this be done you ask? Student loans in the U.S. are guaranteed by the government so in a sense the government is co-signing for the loan. To participate in loan programs, schools are required to follow the government's rules.
There are two major loan programs. The largest program is the Stafford. This is basically a bank loan. The smaller program is the Perkins. It differs because one-fourth of its loanable funds are provided by the schools themselves with the government providing the balance.
Usually (but not always), banks sell their Stafford student loan portfolios to big student finance agencies that administer and collect these loans. If a student defaults on payments, there are numerous consequences including bad credit, seizure of income tax refunds, possible law suit and if the school in question was a public university, withholding of transcripts.
Perkins loans are administered by the schools themselves. If you default on a Perkins loan, you'll be the target of similar collection techniques and the public or private school will withhold your transcript.
Years ago it was possible to evade responsibility for paying student loans by having them dismissed in a bankruptcy proceeding. This is no longer possible (unless you're crippled by injury or disease). |
Is this just an American thing, or Britain/Australia/ New zealand as well?
Anybody know about this? interesting.
In Britain the student loans company is independent of the university as far as I know. |
I'm not sure if this is true, but a British friend said that if he lived abroad for three years he'd no longer be required to pay back his student loans. |
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