startingover,

<<Then the fees and cost of living is about 30k USD per semester.>>

That 30K will have lasted you for one year in cheaper places at USA.

So, there is still a possibility of transferring to a cheaper location and finishing some kind of degree.

I would not spend that kind of money (60K a year ) for a Bachelor of Art degree in USA. It is a WASTE.

Dreamer

P.S.: You have not mentioned about you will be BANKRUPT in which country?? Bankruptcy rule in USA is different from Malaysia. You MAY BE assuming something that is NOT TRUE.

This post has been edited by dreamer101: May 8 2010, 04:42 AM

Actually, I don't even have 10k ringgit now. Well, I had the means to pay for that kind of education then, but not anymore. And I will be bankrupt under Malaysian law.

This post has been edited by startingover: May 9 2010, 01:31 AM

can u get a diploma with the credits that u have done? try getting a green card and work there and don't come back until u r rich.

startingover,

So, are you in Malaysia now or USA??

If you are in USA, transfer to a community college, find some part-time job and finishing a 2 years degree will be the best bet.

If you are in Malaysia, once you are bankrupted, you are stuck in Malaysia and you cannot get out.

Dreamer

You are throwing a needle in a deep blue sea and expect us to find?
Do not state only your problem but what have you encounter for us to help you.

I dont see why cannot you solve the problem...
I am not sure why or did i not read properly, I did not see what insitution/college or university u went.

And, can you manage to get your academic results transcript? and the subjects taken and the syllabus studied? If yes, i am sure some institutions will be able to aid you.

Even me cannot help you since I do not know what have you went through and find your interest. What kind of loan u got and where u went?

And do you really want to study? If yes, then why cannot u go to a university and get first class to get their scolarship?

Nothing comes easy. trust me... U need to work hard and smart to get what you want... So, if you want something... mind you, you are not the only one.

In your 1st post, so what if you are disabled? In mmu, more than 15 people in the community are disabled. mostly physically and some mentally. but hey, they are awesome in studies and activites...

Why can other people of thing better than you? some are worst...

(sorry if my language is too blunt.) but give us more info plz..

a

This post has been edited by JiJai: Jul 18 2010, 04:49 PM

No I can't get a diploma with the credits I have done. Of course getting a green card is out of the question now.

I'm in Malaysia now. So I guess I'm pretty much stuck here.

I'm not really sure what you mean by encounter, but here's the summary.

- Age 14 start working, saved up alot of money.
- Completed SPM with excellent results.
- Did a year of American degree transfer program at a local college.
- Learned alot about the system of education there.
- Applied to a good university in US as a freshman. Ie. I started from scratch. Doesn't matter which specific university I went to right?
- Got a scholarship too
- Did 1 year there, piles up on as much credits as I could. Thus I've 60 credits now.
- Unfortunate incident happened. Huge debt incurred. Lost scholarship too.
- Debt is about RM10 million. Don't ask how I managed to get such a huge amount. As you can see now, I can't possibly settle the loan. Bankruptcy is the only option. Of course education loans or scholarships alone can't come up to that amount, so you get the rough idea.
- Implications of bankruptcy is I can't get any loans and I can't save any money either.
- Back in Malaysia now. I can still obtain the transcript from my previous uni but transferring the credits is a problem. This is because it's from an American University and I do not have a pre-university certificate.
- I can manage to take STPM as a private candidate, but all other pre-U programs are not suitable because of the cost involved. I've inquired and there are no colleges willing to offer me a scholarship based on my SPM or university results.
- Yes I do want to study, but I am also looking for the best route to do it.
- Degree programs are expensive and hardly any college offers full fee waivers. Most go up to 50%. Even 50 percent of a 40k degree is hard to manage.
- As you say, I can study hard and get an internal fee waiver from the university that would be great. So if I can transfer alot of credits over, then get that fee waiver, it would save me alot of money. Getting good grades is something I can manage.
- I'm not asking for the easy way out here, I'm asking for better options. It's not simple for me to simply save up by working hard and then pay for my education when I'm 30. I've to declare bankruptcy. I need a way to study while working and pay the fees semester by semester. Less semesters I've to study means I can graduate faster and also I might be able to ask some relatives to all chip in a little every month.
- My disability won't prevent me from studying, but it will limit the kinds of oddjobs I can do and basically it's hard. I'm not talking about life and death here. I could always go into the jungle and live off yams and mushrooms, I won't die. But I'm looking for a better qualify of life and it's irrelevant to me whether that are a million people starving out there.I can be the disabled person who sweeps the street of KL and also the disabled person who works in an air conditioned office. I've already helped them when I has the money and the body but it doesn't mean I've to join them now that I've none. I'll continue seeking whatever way possible and available to get a better life. That's why I want a degree so much, better working conditions and medical benefits. As a bankrupt, whatever pay I get is pretty irrelevant since I can't keep any savings. They enforcement officials will determine what's necessary for me to survive a month and the rest goes to paying that 10mil debt. Of course yea people skirt the law, reduced pay check, unofficial pay, hiding the money etc etc, but that's another story altogether. No savings means no health insurance and nothing for emergencies. That's why I want a decent job with medical benefits. Working hard is not a problem, but working hard alone isn't going to get me my degree. I'm looking for a way to balance bankruptcy, low income and studies at the same time. If I can't find the right institution, all I'll be doing is just digging a hole in the desert hoping that I'll run into gold.
- Basically I'm not lazy, if I was I wouldn't have gone through the trouble to study in the US in the first place.

Btw, I'm still going through the list of colleges zstan gave and I'll be doing some calls and emails over the week.

What kind of help do I want? Anything really, most importantly information. There are always things that I miss out or don't know. Just like dreamer suggesting that I could transfer to a community college and get an associate degree, I never thought about that before. Maybe there are such courses that I could transfer to here or someone might know how to get me transferred here, previous experience, friends who have did it before. Things like these.

I hope you don't get the wrong idea that I'm posting this here hoping an angel will come out to solve all my problems. No, I'm doing what I know to get out of this mess. I'm posting it here to learn of things that I don't already know. If someone reads it, I'd be really grateful and if they've anything to share, that's immensely helpful.

startingover,

1) Are you Chinese?? If either of YOUR PARENTS is Chinese, you MAY BE consider as Chinese as per Chinese Clan Association. Then, ask for help from the Chinese Clan Association. You probably do not qualify for a scholarship. But, they might be able to extend a study loan to you. Try Hokkien, Canton, Hakka, your family name association and so on. You need someone that is active in those associations to help you.

2) In order for someone to lose 10 millions, the person has to gamble on either FOREX or COMMODITY. If that is case, how could SOMEONE loan you money knowing that you had gamble BIG?? Someone has to be the guarantor of your character.

3) How good is YOUR SPM result??

4) It seem like the ONLY WAY out is to find a job at a college and pay your way through the job. What are you good at??

5) How do you MANAGE to lose the scholarship?? No, I do not want to know the DETAIL. I just want to know whether it is ACADEMIC reason or related to the incident where you LOSE 10 millions. Will the SAME REASON stop you from getting (1)??

6) It seem like you need someone with AUTHORITY in some college to help you. Do you know anyone in places like UTAR??

Dreamer

WHat job can let u have RM10M?
if is me, i would have flee to other country before declare bankruptcy.

gavinfernando,

He did not have 10 millions. He lost 10 millions.

For FOREX and COMMODITY trading, you can lose a lot more than what you have since you can LEVERAGE MANY times. For $1 that you put in, you can gamble 50 to 100 times. So, you can LOSE what you do not have. Ditto, on selling short on stock and so on..


Dreamer

CAT is the best route, since you're an econs/finance. CAT requires SPM only, and after 1 year you get a diploma in accounts which should support you for a decent job, and maybe can get yourself into one of those ICAEW tie-ins with either Deloitte or BDO where they will hire u, pay u 1k+ and pay for your exams and studies.

But it'll be one hell of a life.

And srsly how did you get 10million in debt?!

This post has been edited by ThanatosSwiftfire: May 10 2010, 09:42 PM

If you still want to live a normal life.. just file for bankruptcy.

Even if you managed to get that degree/diploma, you still have to work your ass off just to pay back your 10million debt .

Don't forget about the interest incurred, you'll be owing your creditors for a life time even if you work and get paid rm5k per month.

Thanks again dreamer and everyone else too,

1) I'll see if any of my relatives nows someone who is active in these CCA. This is another options I didn't think of. However I can't speak Chinese at all. Nevertheless, I'll try.

2) No, I didn't dabble in Forex, Commodity or Stock trading. I didn't do any kind of financial investment either. Basically, I got into such a debt to save someone's life. True, it's hard to imagine someone actually loaning me such an amount of money, but well they did. Extraordinary things happens when extraordinary circumstances arise. The money is all legal and that's why I can still escape with bankruptcy.

3) I scored more than 14As.

4) I'm only good in academic things. I used to teach for a while. I can talk pretty well in English and Malay and I'm conversant in Japanese. I spent most of time in secondary school and college talking to people, talking in front of people and running events.

5) I did pretty well in college. My CGPA is 3.7 something. It wasn't because of poor academic performance. It's related to how I got in such a huge debt. I didn't exactly do anything wrong, but yes, the same reason would make it really hard for me to get another scholarship. Probably it will also stop me from getting (1). The only kinds of scholarship I could possibly get now is those fee waivers offered private colleges. I have tried writing to several companies, but I've not heard back so far. I don't expect to.

6) It seems so to. I do know some people, but I guess when you're down and out, nobody really wants to have anything to do with you. So practically, I don't know any.

I actually know nuts about accounting. I did consider getting the CAT for the fun of it a few years back, but I just didn't have the knack for it. However, getting professional qualification will be my last resort. I am still studying now, on my own. I will attempt to do the actuarial professional papers. They're mega though and I hope I can pass them. Getting into college though will make things mega easy, since I'm the type that gets it after listening to it explained once. I hardly ever touch textbooks, so now I realize self studying isn't that easy after all. About the debt, I've explained above.

This post has been edited by startingover: May 11 2010, 01:36 AM

startingover,

<<2) No, I didn't dabble in Forex, Commodity or Stock trading. I didn't do any kind of financial investment either. Basically, I got into such a debt to save someone's life. True, it's hard to imagine someone actually loaning me such an amount of money, but well they did. Extraordinary things happens when extraordinary circumstances arise. The money is all legal and that's why I can still escape with bankruptcy.>>

Don't ASSUME that people will not help you. If you can get in debt to help someone, then, someone could help you even though they do not have to.

<<6) It seems so to. I do know some people, but I guess when you're down and out, nobody really wants to have anything to do with you. So practically, I don't know any. >>


What you got to lose?? Why do you ASSUME that people will not help you??

If your academic result is good and you are not involve in anything illegal, it is STILL POSSIBLE that CCA could extend you a study loan.

Dreamer

Thank you for all your advice. I will definitely seek the CCA out for help. I won't assume people won't help me.

startingover,

I hope that you do not take this the wrong way. It sure sound like you have been SCAMMED in some way.

Just think about this in a COMMON SENSE way. Why would ANYONE loan someone 10 millions?? Especially, you KNOW that the person does not have the money to pay back?? Most people do not earn that kind of money in their WHOLE LIFE. Especially, YOU. You have not even graduated.

Now, why would someone loan someone 10 millions even though there is NO POSSIBILITY of pay back?? To me, that sounds like a GIFT. If that is the case, why sue the person into bankruptcy??

This does not MAKE SENSE.

Dreamer

dont ever take loans from loan sharks k

never give up!

This post has been edited by 1slandpacket: Jul 12 2010, 02:57 PM

No, I don't. I understand what you're implying. It's true that giving 10 million to someone who clearly cannot pay back mean they automatically lose that sum of money. On top of that, they had gave the money knowing that it will be used for activities that simply doesn't generate any income. If the conditions were suspicious enough, it would make a good case against them in court. I know that kind of money is something most people don't earn even if they work 10 lifetimes. It's not even something that most people would be willing to spend to save a hundred lives.

I can't really explain this for various reasons. The gist of it is that when I needed the money, it was in the creditors best interest to loan it to me. However, that didn't mean they were happy to loan that money to me. Therefore, it wasn't a gift either. Now that things have settled down, they are going to get back whatever little they can from me and make my life miserable. Who would be happy losing 10 million right? That the situation would end up like this was probably decided the minute they handed me the money.

It doesn't really make sense for my former sponsor to cut of my education either. They've already spent more than RM400k. Not only were my grades good, I was on pretty good terms with them too. Economically, it would probably have been better to just allow me to complete my studies and work for them. However, the whole situation got pretty complicated and it didn't exactly make me look very good. Hence, termination the scholarship was deemed best too.

Honestly yes I do realize it much easier to think of me as a Hollywood addict who cooked up this fantasy during one of my daydreams to make fun of peoples' concern. So, I'm really thankful and so many of you have been taking me seriously. Honestly, it's hard for me too as my lips are sealed due to the nature of the situation. I can post this much because I can remain relatively anonymous here. In real life, I can't even tell people that I owe so much money and I'm facing bankruptcy or about whatever I did to get into this. It isn't as simple as sitting down and 'explaining the situation' as, I'm sure you know, somethings are better left unsaid. Yes, even in this situation, there are things more precious than money for me to lose.

Thanks for the heads up. No, I will never take loans from loan sharks.

This post has been edited by startingover: May 13 2010, 02:18 AM

i din finish the whole thread but if you really think education can make your life better then.. i suggest you study for a professional paper, no need to attend class, this will save a lot on school fees.

just buy some text books and pay for the exam, if u have friend, just borrow the book from them

wow... you can do that? what kind of professional paper... acca?