Ok before I start, I want to let you know that I've already done alot of researched and considered alot of options myself. However it all seems to come to a dead end. I'm posting this here in hope some of you may suggest me other ways that slipped my minds or inform me about people or places that could help. And I hope this is the right place to post this kind of topic.

I'm 21 this year and I've been out of college for more than a year. Prior to this I was studying abroad. I was about to begin my 3rd year of my degree. Long story short, I got into some difficulties which not only exhausted all my money but money I did not own ended up being spent on me. Therefore, I am heavily in debt. My debt is no small amount and I probably can never settle it doing unskilled or non-professional jobs. I expect my creditors to take legal action soon. As it is now, I can't get any kind of education loan or any loan for that matter.

Even though I'm almost into my 3rd year, it's not easy to transfer over to a local college. Most do not want to accept me. To make matters worse, my highest qualification so far is SPM. I did not take any pre-university course or exam. US universities do no require that.

An education is something one can't do without these days. I could never get a decent job without one. I do not think I'm too grand to do oddjobs or hard labor, however I have some disability in moving around, which severely limits my ability to do those kinds of jobs. And definitely I can't be a cashier or store helper for the rest of my life. The money might be enough for food now, but as I grow older, my expenses will grow.

Even a degree in Utar will come to about 35000. With the kind of pay I might be able to get now, it would take at least 6 years to save up that amount. The fees too will increase as the years go by. That too is subject to whether I can save any money in the first place.

If possible I wish to take the shortest route to get some kind of qualification. I've studied alot and I do not wish to waste time and money redoing everything again. It will reduce the financial burden and also enable me to get a decent job faster, a bearable work place and maybe some medical benefits.

Before I receive any ridiculous comments, I know that without money there's nothing much I can do and I can't be choosy either. If it's my fate to be poor I'm fine with that, but of course I've to seek all the information I can find. I'm just so lost now.

Thanks even if you just spared your time to read and it's be really great if you have any suggestions.

This post has been edited by startingover: May 1 2010, 12:18 AM

well..there are many other cheaper alternatives.

for your case, you no longer have to luxury to study in this so called 'universities' or colleges.

what i suggest is you find out more about those small small colleges and institutes...those that do courses in maybe just one floor of an office block if u get what i mean..specifically which college i don't know but i am certain there are many...

or..u can do the course part time...there are still many choices..its not the end of the world

all the best!

what happen? mind sharing?

there is no end to study, at least not until u die..

Basically it's just an unfortunate turn of events, Sorry, but I don't want to talk too much about it here.

There's no end to learning, but without the institutional recognition of the knowledge I've gained, it's worthless in the job market.

I've thought about these. However I'm not very familiar with how these shoplot colleges work out. I can't even be sure if the certificates from there have any value.

Part-time is an option. Any suggestions where? But the fees and living expenses still worry me. I still do not know of any college that has really super low fees.

This post has been edited by startingover: May 1 2010, 12:58 AM

sounds like a college boy fell into mlm scam thingy.

Learn from the mistake, you have no other choice besides working part time, even it means to work your @ss off to earn a living, its something you'll have to endure.

Unless, you can get financial support from family. nuff said.

Just something you should consider,

What about those poor people who cant go overseas but after a couple of years they are well doing well enough to support themselves and note many don't get scholarships or loans that easily.

They tend to work and study. Switch major do law, BA etc........part-time in places like open-university or the many other colleges out there.

Work in call centers many give decent pay RM1.8k is the most u can ask but if you have more experience or work in places that offer incentives you can earn 2k upwards.

You're young anyways so all is not lost. This time try to be a little more mature and hope you learned your lesson-never spend beyond your means.

You can actually do part time courses.I don't think it's difficult to find whether one cert is recognised or not.
If there's a will,there's a way.
What field are you interested in anyway?(if you choose a course just for the sake of it's cert,you might suffer in your job next time)
All the best!

If our forefather can survived after suffering from 2 world war and countless harsh situation, I can't see why TS couldn't survive in this society. Work part time while you study in those affordable colleges.

have any value? dude. u are longer in the position to think about this.

as long as you can get a degree to graduate(of course it must be MQA accredited) then you are quite safe.

or maybe u can try diploma?

try this website: www.studymalaysia.com

see if it helps.

I agree with zstan.

Also, I find your choice of words curious:


It's not "I cannot transfer" or that "none" want to accept ... Why does it appear that you're already closing this option? Is it because you need to study a year again? Or that you need to re-do some subjects? It makes it appear as if the only option you want is if you can simply continue the third year of your degree smoothly. If the ONLY option available to you right now is to re-do the entire thing all over again ...

Well, that may be the only thing you can do. If you want that degree, that is. I know of a LOT of working adults who did not have the opportunity to study before, yet did not give up. They started from scratch. They are in their 40s, have a family to support, have work commitments yet they still find the time and energy to study, and even though some fail the first few exams - they carry on. I find such people to be truly amazing.

In short, there's no "short-cut".

Haha. No I didn't fall for an mlm scam. I really didn't do any mistake actually, so I've nothing to learn from or nothing to regret. I don't mind working my ass off for a living, I've been working since I was 14. Working is not the hard part, getting an education is.

I understand what you're saying. But I'm not the 'other people'. True, if I continue doing part-time work I can make like 600 a month now. Most people have it pretty easy, they just get a PTPTN loan. I don't have that option anymore. Furthermore, once my creditors take legal actions, I'll have to declare for bankruptcy. I will never have money, but with a better education, I could at least get better working conditions. And really I've never spent more than my means, how I got into such a great debt is a complicated matter. Bankruptcy is another problem as I will only be allow to keep a certain amount of money from whatever pay I receive every month. I have checked open university, their fees are pretty much the same, amounting to 10000 for a 3 year diploma. I'm hoping for something lower.

I was doing a degree related to economics and finance previously.

It's not a matter or survival. I'm confident I can at least make just enough to survive for the rest of my life. But that doesn't mean I want to work in the worst and harshest conditions there are. I've spent a great deal of my time on education and if there any possibility I can make it to a cert with spending the least amount possible, I wish to know. So basically I've open this thread to find out what's an affordable college. So far everything I've checked are above my means.

Hmm, well I've requested for a transfer with many colleges. All public universities will not accept me. Of the local private colleges, I've asked INTI, UTAR, HELP, Sunway, Taylors, Nilai, KDU, MMU which give me a pretty standard reply, they aren't allowed to accept transfer if I haven't got a pre-university certificate, it's the regulations they say. So that's not just repeating a year, it mean I've do start from foundation. Time's not the problem, money is.

I'm not lazy, I've really been working hard since I was 14. Previously my education abroad wasn't financed my my parents. I've worked hard for everything that I have, it's just now I'm faced with bankruptcy and I really have to look for the cheapest education possible. If there is some college which I can transfer to that you know of, please let me know. Just completing one more year is much cheaper in terms of fees, books and living expenses than going for a 3 year diploma. Sincerely I need your help and information now since I really do not know of such a cheap but reliable college. I don't want to study 3 years to find out that the MQA suddenly declares the college a sham. Or maybe someone here might just happen to know someone of authority who can talk to someone who can talk to another someone and I might be able to transfer to credits over.

Still thanks everyone for all your advice and suggestions so far.

This post has been edited by startingover: May 1 2010, 01:49 PM

The answers from all those institutes are standard because is it MQA's policy therefore without a pre-u qualification you pretty much can't do anything ^^" I'm pretty sure you can't get into any UK or Australia based Degree programmes but have you asked whther you can't transfer and apply for credit into places like INTI that offers something like this
http://www.newinti.edu.my/intisj/intisj-co...ess-management/
which is a four year American Degree program through INTI's partnership with Northwood University which can be completed in INTI.Ask if you can since students enter this Degree programme from SPM and no pre-u.
At least can get a few exemptions also enough already or something.
It is impossible to transfer all 3 years of your credits ^^"

If you desperately need a pre-u qualification than do something like self-study and go to the British Council and register to take the Cambridge A-Levels exam as a private candidate or something like that, just pay exam fees.This will take time since you have to sit for AS level first before A2 Level and waiting for exam dates and all but it saves money but it will cost time score well and maybe you can get some kind of scholarship or if not well at least get good enough grades for Universities to see you as an A-Levels holder.

Or you could do something like CAT and ACCA, pick the cheapest and best routes for each paper just go to those shop-lot tuition centers won't cost you much.

Other than that, if you really can't do stuff like going through traditional education where you go to uni and learn your choices are pretty much limited to you working part time and studying part time for a Diploma or something, beggars can't be choosers ^^"

Hello TS, my sympathies with your current situation. I myself am facing almost dire straits, so I can understand how you feel. To make things short, I'll approach this in a quick manner:

Firstly, some questions:

Which country were you studying in?
What degree course and which Uni?
Was it an ADP/ADTP programme? (since you mention you only have SPM)
If so, then how many years did you actually DO overseas and did you even do any modules locally?
are your parents, relatives or friends able to help you in any way?
how are your SPM grades?

Some helpful insights:

you don't need to keep working odd jobs forever. you have two problems now, and what you need to do is to prioritize. it seems to me that you're grasping desperately at straws- are you even supposed to be thinking about your education now? what's important is to pay off that loan as soon as possible, because (i) according to you, creditors are going to come after you any time soon and (ii) loans generate interest. LOTS of interest, if it's from a financial institution. Generally, the sooner you pay your loan off, the better, or else you're going to keep paying for it. so get a job now, right now, tomorrow or whatever, as long as it helps to pay for something and start paying that loan off.

This is a long shot, but how good are your SPM grades? Have you considered an education in Singapore by transferring credits over? I can give you links to the institutions in Singapore and perhaps they might be able to take your credits. From what i've read, they have flexible financing options for SG citizens and foreigners alike, although they're usually in the form of scholarships awarded by independent bodies.

startingover,

1) What AMERICAN DEGREE program was you in?? Be specific. Which state??

2) If you transfer into American Community College aka 2 years college, can you get a diploma aka associate degree out of that??

Nobody can help you unless you can provide SPECIFIC information as to what program that you were in.

Dreamer

What about doing STPM and then trying to get either into local U or at some private college (transfer your credits etc)?

that's probably the cheapest option. i remember there were some 20-somethings at my secondary school.

x

This post has been edited by JiJai: Jul 18 2010, 04:50 PM

please whether the following list might be able to help you. =)

Organization
Akademi Kreatif
Akademi Laut Malaysia
Allianze College Of Medical Sciences (Pulau Pinang)
AMC The School of Business
Asia Pacific Flight Training Academy
ATC College
Bandar College
Bukit Merak Laketown Institute Of Allied Health Sciences
City College of Business Management
Cosmopoint International College Of Technology (Ipoh)
Cosmopoint International College Of Technology (Kota Bharu)
Cosmopoint International College Of Technology (Kota Kinabalu)
Cosmopoint International College Of Technology (Kuantan)
Cosmopoint International College Of Technology (Kuching)
Cosmopoint International College Of Technology (Pulau Pinang)
Cosmopoint International College Of Technology (Sungai Petani)
Cosmopoint International College Of Technology (Terengganu)
Cybernetics International College Of Technology (Cawangan Pusat Bandar Kuala Lumpur)
Disted College
Equator Academy Of Art & Design
Excelpolitan International College
Fajar International College
Food Institute Of Malaysia
FRIS Engineering Institute (First Robotics)
G Institute Of Real Estate
Han Chiang College
IKIP College (Campus 2)
IKIP College (Campus 3)
IKIP College (Campus 5)
IMH Academy (International Music House)
In-House Multimedia College
Institut Akauntan KTC (Cawangan Johor Jaya)
Institut Akauntan KTC (Cawangan Kluang)
Institut Akauntan KTC (Cawangan Skudai)
Institut Citipro
Institut Eksekutif
Institut Hasani
Institut Hospitaliti YPJ
Institut i-Systems (Alor Setar)
Institut i-Systems (Johor Bahru)
Institut i-Systems (Kuching)
Institut Latihan & Pembangunan
Institut Latihan FTMS - ICL (Cawangan Sarawak)
Institut Media Integratif Malaysia
Institut Methodist Pilley
Institut Mutiara Mopar Kajang
Institut Nasional Oftalmoogi
Institut Nirwana
Institut Omega
Institut Pengajian Tinggi Islam Perlis
Institut Pengurusan Dinamik
Institut Pengurusan Maxcel
Institut Prima Bestari
Institut Sains & Terknologi Darul Takzim
Institut Sains dan Pengurusan
Institut Seni Sabah
Institut Sinaran
Institut Teknologi & Pengurusan Lebuh Victoria
Institut Teknologi Butterworth
Institut Teknologi Cybertek
Institut Teknologi Maklumat Nusantara
Institut Teknologi Midas (Cawangan Melaka)
Institut Teknologi Perindustrian YPJ
Institut Teknologi Petroleum Petronas N
Institut Teknologi Riam
Institut Teknologi Sarawel
Institut Teknologi Sentral
Institut Teknologi Silicon
Institut Teknologi Suria
Institute Of Global Management
Institute of Medical Sciences Mantin
International Centre for Education in Islamic Finance
International City Institute of Technology
International Institute Of Management and Technology
Internexia Institute
INTI College Sabah
INTI International College Penang
INTI University College (Sarawak)
Island College Of Technology
KDU College (Penang)
Kinabalu Commercial College
kolej
Kolej Aman Batu Pahat
Kolej Antarabangsa Almacrest
Kolej Antarabangsa Bandaraya
kolej Antarabangsa Genting Inti
Kolej Antarabangsa Kemajuan Pelancongan
Kolej Antarabangsa Nightingale
Kolej Antarabangsa Oakland
Kolej Antarabangsa Paramount
Kolej Antarabangsa Sedaya Sarawak
Kolej Antarabangsa Teknologi Lanjutan Sarawak
Kolej ATI
kolej Automotif TEKAT
Kolej Binary (City Campus)
Kolej Eastern
Kolej Elitejaya
Kolej Excel
Kolej IBS Miri
Kolej IJN
Kolej Integrasi Kejururawatan dan Kesihatan Bersekutu
Kolej Islam Antarabangsa Sultan Ismail Petra
Kolej Islam Pahang Sultan Ahmad Shah
Kolej Islam Sains Dan Teknologi
Kolej Islam Sains Dan Teknologi
Kolej Islam Teknologi Antarabangsa (KITAB -Pulau Pinang)
Kolej I-System Bukit Mertajam
Kolej I-System Miri
Kolej ITA
Kolej Jaiputra
Kolej Kejururawatan Adventist
Kolej Kejururawatan dan Saina Kesihatan Seri Manjung
Kolej Kejururawatan dan Sains Kesihatan Sime Darby
Kolej Kejururawatan Lam Wah Ee
Kolej Ketengah
kolej MASA
Kolej Masterskill (Kampus Metro Kuching)
Kolej Multimedia Antarabangsa
Kolej Negeri (Cawangan Chedang)
Kolej Oasis
Kolej Penerbangan Antarabangsa GGIFA
Kolej Pergigian Antarabangsa Pulau Pinang
Kolej Poly-Tech MARA
Kolej Poly-Tech MARA
Kolej Poly-Tech MARA Bangi
Kolej Poly-Tech MARA Ipoh
Kolej Poly-Tech MARA Kota Bharu
Kolej Poly-Tech MARA Kuantan
Kolej Pratique Asia
Kolej Presiden
Kolej Profesional dan Pengurusan
Kolej Profesional Mara Beranang
kolej Profesional Mara Indera Mahkota
kolej Profesional Mara Melaka
kolej Profesional Mara Seri Iskandar
Kolej PSDC
Kolej Ranger Melaka
Kolej Sacred Heart Sibu
Kolej Sains Kesihatan Aseana
Kolej Sentral
Kolej Shahputra Bandaraya Kuantan
Kolej Sri (Cawangan Sarawak)
Kolej Syuen
Kolej Teknologi Bestari
Kolej Teknologi Dan Profesional Indera Kayangan
Kolej Teknologi Darulnaim
Kolej Tesdec
Kolej Universiti Islam Melaka
Kolej Yayasan Sabah
KPJ International College of Nursing and Health Sciences (Johor Bahru)
Limkokwing University of Creative Technology (Sarawak)
Linton University College
Management & Science University
Masterskill College of Nursing and Health (Campus Metro Kota Bharu)
Masterskill College of Nursing and Health (Campus Metro Kota Kinabalu)
Maxwell College Ipoh
MCS College
Melaka International College of Science & Technology
Multimedia College
Multimedia College (Eastern)
Multimedia College (Sabah)
Multimedia College (Sarawak)
Multimedia College (Southern)
Newcastle University Medicine Malaysia
Olympia College
Olympia College (Kuantan)
Olympia College (Petaling Jaya)
Optima College
PAAC Business Institute
Pacific College (Kuantan)
Penang Medical College
Plaza International College
Premier International University Perak
PTPL College (Penang)
PTPL College (Sabah)
PTPL College (Sarawak)
PTPL College (Sungai Petani)
PTPL College (Terengganu)
PTPL Kota Bharu
Pusat Pembangunan Kemahiran Pulau Pinang
Ranaco Education & Training Institute
Reliance College (Penang)
Renaissance College
Saujana Academy Of Hospitality & Tourism
Sedamai College
SEGi College (Pulau Pinang)
SEGi University College (Sarawak)
SIDMA College
Sunway College
Surya College
Taj International College
Technology Park Malaysia College
Twintech College (Sarawak)
UCSI University (Sarawak Campus)
UCSI University (Terengganu Campus)
United College Sarawak
WIT College
Yelex Institute Of Management


this are the list of colleges n unis that are approved by MQA from my source...

i am too lazy to remove all the big names..so maybe you can take your time and look for the smaller institutes..

Ok, I have talked with some more people and I can transfer to a local private college into their first year degree. So that means I will only be skipping pre-U. Still the fees are way too high. For Inti's Northwood program, I can transfer at the most a year and the fees are reall high too. A-Levels exam fees cost almost 4000.

Paying back the loan is out of the question actually. First of all I or rather my parent only have a small house which is worth so little. The amount of the loan can't be settle with what I can earn now, in fact I don't think I'll be able to settle it in my lifetime. I don't think I've any other choice besides bankruptcy.

My SPM grades are pretty good. It's possible to transfer my credits to Singapore, but I won't be able to afford the fees. Furthermore, after I declare bankruptcy, I can't leave the country.

I did do an american degree program locally for about a year however I didn't transfer my any of the local credits overseas. I applied to a pretty good college there so I had to apply as a freshman (ie. right after high school). Then I studied for about a year there but I did two years worth of credits. I was in a normal degree program. I was going for a Bachelors of Arts in Financial Mathematics and Economics. Sadly I don't have any family members who can help.

Yes there was a community college nearby. I never thought of transferring over to get an associate degree. I will see if I can work that out. Thanks alot for this suggestion.

Sorry to hear that you lost your sponsor. But I think studying overseas again is pretty impossible for me. It's true the college hasn't kick me out. I still hold my admission. However, without financial backing, I won't be able to get my I-20. Then the fees and cost of living is about 30k USD per semester. So that works out to 120k USD for another two years. Who would load me that amount? Plus if I declare bankruptcy, means I can't leave the country.

Thank you zstan. I will check out the colleges in your list and see if any fits my budget and if I can get a reasonable job and accommodation over there.

Certificate is no biggie.

If you are well-versed in english, both written and oral, people would hire you.

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?

http://en.wikipedia.org/wiki/Professional_..._United_Kingdom

Thanks for you suggestion. Yes, if I can't find a suitable college, I will self-study for a professional accreditation. Although I will still need to take a few course in a college, something which I will find a way to work out, my goal is to become an Associate of the Society of Actuaries. Even without being an Associate, I know that simply passing the required papers will be more than enough to get a good job.

Thank you everyone for your help. I've identified a few colleges and I will meet them over the next few weeks to see if I can transfer my credits over and whether I might be able to get any form or merit based waivers after my first semester. Nevertheless, I will still check this thread periodically for any new advice that comes it. There always remains something I don't know about.

I second that.

Apply for UPU using your SPM?

Just a thought.

^is it possible to do that? I mean, UPU accepts eventhough the SPM result was years ago?

for TS, I wish you'll find a way out. Sorry I don't know what to suggest

It depends on how long ago was that SPM result from.A couple of years maybe though you would be of lower priority.

Hi guys. Thanks for all the help, the comments and the suggestions.

This is just a little update. I've managed to secure funding for my education. I will try to enroll back into the university I was studying in the US. It's look that I will not have to declare bankruptcy for now.

For all this, I thank God. It's pretty much a miracle that I'm able to get back up again after falling so low. Praise God!

Well, I have read through all 3 pages and the conclusion I could draw for from this thread is that we all who have the chance to study without worries are considered very lucky. Good source of motivation for me to put in extra effort in my studies.

By the way TS, if you're still there, it has been slightly more than a year since your last post. How are you now? Did you manage to graduate? Has your life improved? Hopefully you have found a way out.

Best wishes

This post has been edited by EducationABC: Aug 15 2011, 10:28 PM

Maybe you can try taking up self-study ACCA? Accountants are quite needed from now onwards. My brother made a mess out of his studies and wasted a lot of money too. Now he's doing ACCA. You just have to get the books, study and learn on your own, then pay for the exam fees. You will not have to attend class and so you can work while studying.

A good redirection for wandering surfers if s/he do answer.
But since that particular post is more than a year old, I doubt s/he would.

True. I just happened to see this while looking around to do my own research. Thanks for reminding everyone though.

just finished reading this thread.....really admire his/her determination to start all over again.. just wondering...how is he/she now...ermmm

How are you now startingover?

EDIT:
I doubt that he would ever reply.

This post has been edited by Steysel: Sep 12 2011, 08:11 PM