Print Page - Bitcoin loan for students in higher institution.

Good day guys; I said let me know if the forum have a board where students are being support in education by giving them student loan To help them in education, so many members here I believe are students in various higher institutions so many of them fine it difficult to pay school fee's or pay rented apartment,buy textbooks and hand outs or even feed very well or access to student loan boad,please I want to know if there is any room for students in this forum in universities to access student Ioan, i said let me drop it here because I have not seeing education board.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

let me know if the forum have a board where students are being support in education by giving them student loan To help them in education

Forum has a Lending board (https://bitcointalk.org/index.php?board=65.0) and you can open your loan request topic.

However, you have a very new account so it's hard for you to get a loan without valid collateral. Even higher ranked accounts can scam after they successfully got their loans. So with your new account, no chance to get any loan without collateral.

Actually when you ask for a loan, who care what you need money to do for what purpose? The loan provider can not verify reasons you said so actually they don't mind about such.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

so many of them fine it difficult to pay school fee's or pay rented apartment,buy textbooks and hand outs or even feed very well or access to student loan boad

Borrowing bitcoins on the grounds of inability to bear anything, I doubt you'll get that anywhere. I think all bitcoin borrowers will at least take advantage of volatility to add value in addition to earning interest. So, thinking about it will only add to another student's inability to pay back.
The cardinal rule, "borrowing for crypto is too risky".

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Not specifically loans for high institutions, there is a thread you can take a loan for whatever reason it is like it has been said your account is new why not focus on ranking up your account, there are requirements before you can qualify for any loan and the loaners have a different rate on their return, as well as in terms of the value of the collateral needed to be higher than the amount you want to loan, but of all, I think you should focus on building yourself on the forum.

The forum is for discussing about BTC, crypto and also real world subjects, it is not a platform for access to loans, credit or venture capital, if you are looking for student loan, then ask your government, they are the ones that should provide such for people of where you come from.

There are forum members who give out loans to others, loans to be paid back with interests and sometimes collateral is required, this method of loan is run by the member giving out the loan and has nothing to do with the forum or its admins, these members can also reject requests based on their own choice, though i would not advice you to request for loans here because nobody will give out loans to a new account that has nothing to lose.

As many have pointed out already, this forum has a Lending Board you could relay your necessities to if you ever feel the need to take out a loan, although the board is a little biased (for its own good) towards people with higher rank and high trust ratings so as to avoid getting scammed out of our precious cryptocurrencies. If you're looking to ask for a loan specifically to pay out student debt I am not sure this forum will be able to help you with that or something because as what the other guy have pointed out, people who provide loans in this forum don't really care about your reasons for taking out a debt. As long as you have a valid collateral and is someone that could be trusted, you're good to go.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Don't know how this might sound to you but, you might not be a very good student!
Your probably not the best to seek this, having to write all that wall of text and your punctuations are placed in any manner.

To coke back to the course, the forum is not a financial institution or some NGO dedicated to charity. It is an educational platform where users meet to interact and share ideas. There have been some charity works that started on the forum but, its mainly to help people afflicted by some disaster far from there control and in cases where some individual or organisation on the forum is moved to doo some good.

As far as I know, there is no board that supports student loans in this forum. Yes, there is a board for lending but most of lender does not care if you are a student or not. If they feel the sense of security that you will pay for your loan, they can accept your loan even without collateral. But mostly for those who have not proven themselves or are not a ressident of the forum with higher rank, you need to provide collateral in order to get a loan else the request will be denied.

Besides, the lender doesn't ask about the borrower's information. It is just a matter of trust and/or collateral.

Quote from: Mr.right85 on March 23, 2023, 07:17:59 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Lol, there is no need to judge a member here whether he is a good student or not, I think it is out of the line to assume and state that @OP is a very good student publicly (that is somehow a kind of bullying).

Quote from: Kelvinid on March 23, 2023, 09:44:24 PM

If I were you OP, I'd rather make your loan intention to the place where you come from maybe you will get it. Because in here, you can't really be sure that lenders can give you that, honestly. However, you can try it though, at least you know the results of your application and the reason if it might be denied.

Try and consider this advice, OP. You cannot be considered for the loan board because your account is still new and reputation is very important in this forum. Before you can be considered for a non-coletaral loan, you must have been a member of the forum for a long time, not just a few months. As a student, I understand how difficult it can be at times, but simply look for a reputable source in your country where you can obtain the loan. There are some banks in my country that provide student loans that they can repay after they graduate, I don't know if your country don't have any of such. Else, You could also ask your friend; who knows, maybe you can get help from them.

There is a board in the forum where loans are given to people, but not solely for educational purposes. Many reputable forum members take loans and return them when agreed upon between them and the borrower. You're a newbie, and your account isn't reputable enough to be granted access to a loan (though the person lending you the money will decide).

If everyone in the forum is given access to loans, there will be a lot of fraud and the lender will go bankrupt. Create a much more reputable account in the forum first in order to get good access to loans. If not that, then you’ll need a collateral to be used when applying for the loan.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Don't universities themselves have student loans? I reckon it's just a matter of a lot of paperwork and you'd be able to apply for one. I'd honestly doubt you can find one here since I reckon it's be a pretty big loan, most of the lenders here would probably require collateral or outright not give it.

Plus, I don't think borrowing Bitcoin for a long period of time is good due to how volatile it is, especially if we consider how you're borrowing it as a student loan, which (afaik) only gets paid when you graduate and get work.

Why do you want to borrow in bitcoin? Meanwhile, if you are a student and you want to borrow money to study, you can use your student card to get a bank loan with a preferential interest rate for students.

This is just a forum for discussing cryptocurrencies, it is not a government organization that provides solutions like a bank.

Even if you take out a loan from a bank, they will ask you to mortgage your property or provide all the information about you. While bitcoin is anonymous, I really doubt you are not a student and you have no good intentions here.

Quote from: NotATether on March 24, 2023, 03:11:54 AM

Bad bad bad idea. Volatile assets should never be used as lending assets or as a collateral, or they will end up paying way more or less in the dollar value to you.

I don't think lending a volatile asset is bad because there are many members ask for loan in this forum, but it's mostly short term and they have risking his account at least. If your problem is the borrower will pay less in the dollar value, you can make an agreement where you will always win.

If the dollar equivalent is less than the amount you've loaned before, you can ask him to pay in BTC equivalent and vice versa. But since the @OP is a newbie and school loan is mostly long term, I don't think it's good to lend him.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Hi bro I never heard any kind of Student loan on this forum and that's super hilarious. you should search and than find something for you.
There is a forum where you can open your request for a loan if you have high reputation value and here is a link to this. https://bitcointalk.org/index.php?board=65.0
Also you have some kind of collateral to your assets and in this way you will be able to get loan. And I don't think that you are getting in any condition to get loan. So worl hard and than there will be sometime when you will earn something for you.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

If you can get an opportunity to work in the forum and get paid, then why take a risk in taking a loan and maybe find it hard to pay it back later on? But you should have to acquire sufficient knowledge and skills first so you can apply for a job and suit yourself into it. As long as you can be productive, then you will also be compensated well on your job.

Quote from: tranthidung on March 23, 2023, 02:59:39 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

let me know if the forum have a board where students are being support in education by giving them student loan To help them in education

You should establish a higher position first so you can be qualified for a loan. And I don’t think you can take a loan if the loan provider sees nothing in your account and that you are still incapable of paying a loan. However, if you have a friend that is also in this forum, you can actually send him a message and ask him of your intention. That’s another option since it’s hard for you to be approved from taking loans in a lending board.

Quote from: ETFbitcoin on March 24, 2023, 09:48:47 AM

This is wild idea, especially when the student borrow Bitcoin rather than fiat. I doubt there are any lender on this forum willing to offer long term loan, where student need to take 4 years (in average) to complete Bachelor degree and few extra years to pay the loan gradually while working. IMO if a student looking for a loan, he/she should look for loan either from government, organization or education institution instead.

I am not sure if the OP is referring to long time but within a short period of time. Students loan normally shouldn't be up to a year to pay back not to even talk of 3 years or more to pay back. Which government? Cux government here won't grant you loans if you have no means of income that they'll be deducting their money from directly.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Not trying to be rude but if you want to ask money in here with loan then the chance of you getting one is incredibly low, because you need collaterals to do it and most of the people here are really skeptical with newbies trying to get loan as their first post in this forum. Have you actually asked for loan in your local bank or something? Pretty sure they have some sort of plan for students loan especially with your problem.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

This forum offers bitcoin loans through Lending board. And they are provided by another forum user like you. Meanwhile, your rank is only Jr, so it is a matter of concern whether those members will agree to give you a loan. I don't know that any member is given loan without the minimum rank of Full Member. So in this case I am not sure that you can get loan from there. But you can apply and try if someone agrees to give you a loan then I think you will have good luck :)

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Like others said there is no specific board in this forum where student loans are given (and this forum isn't a financial institution. Users voluntarily give out the loans). You can head over to the lending section, but I doubt anyone would be willing to finance your studies. And then, you are a newbie, so the chances are even more low. If you had strong collaterals, then maybe yes, someone might be willing to lend you something. But you are better off taking private loans from banks or ask for financial aid from your university.

Quote from: sulendra12 on March 24, 2023, 10:40:01 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

What he said also made me doubt his intentions, it was more like exploitation and fraud than the intention to borrow money to use for learning. Everyone knows that to get a loan, we need to collateralize their property or reputation. While he's new, nothing, and he's making that offer, it's nothing more than bad intentions.

OP, Bitcoin is an investment, not a charity, and if you want to borrow money, you should go to your country's bank.

OP you let us face reality here. Going by your rank, you are a newbie which does not guarantee you ability to request for loan here even though you attempt to apply for it, nobody would listen to you as it is a requirement before you can apply for a loan here.

Secondly, what you are talking about all points to loan be it school fee loan or student loan what ever the loan maybe, there is a board for that where you can seek for loan here to do your course.

Lastly, I really think it is not feasible to get a loan in bitcoin because bitcoin market is volatile and no one would want to take such risk loosing out as everyone holding targets taking advantage of bitcoin market volatility.
This does not mean that you can not get loan here but it is not possible to get it that easily as no one would ever want to do that. They would prefer to give you the loan on stable coin and you must have a high rank before you can do that.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

This is a forum for speculation, and gambling, not a financial institution, and not even suitable for students. If you are here to make money we are very welcome. If you are a student, you can easily get a loan from the government because they have preferential policies for students. I used to be a student and I also use that way to complete my studies.

There are various institutions that are better suited to offer student loans. Using bitcoins for a long term loan is prone to volatility, the amount that had been used may be extremely different than what the future prices might be. The nature of most lending that occurs here is based on a cryptocurrency collateral or trust with an account, a real-life identity seldom or never being used.

In another hand, an institution wherever OP resides could offer flexible options and suitable for a loan. What OP should have done is research any plan for its own country, merely expecting a bitcoin forum to offer such services is silly.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

The council for loans already exists, but not enough conditions for you. I think no one will give you a loan, especially since your account is still new. It's better if you ask a friend or relative for a loan, it's wiser, because of course the person who wants to give you a loan will see your account reputation first. My advice, now your mindset must be changed. Make this forum a place for you to pay off debts (by joining a bounty) don't make this forum a place for you to owe money.

Quote from: S A KHAIR on March 25, 2023, 02:00:12 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

This forum is not limited to just speculation and gambling. Everything is done in this forum and loan is also available but it requires a high rank and reputable account but op is not applicable for loan. op can earn some free money through the bounty from here and pay for his education. However, it is not guaranteed that op bounties will get paid at a specific time or that every bounty project will be successful and get paid well. So he has to work hard here. And if he really needs a loan. Then various organizations provide student loans, he can apply there. But he will not get any student loan through bitcoin or decentralization way. In order to get a loan from this forum, he must keep some equivalent amount of collateral

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

I think the problem OP mentioned will be easier to solve by asking you to search for those necessary learning materials online and the idea of building such a support fund is not necessary for the purpose use above.
We've got a lot to say about this, and finance isn't the only way to grow knowledge. Today's society develops powerful information technology and data, accessing the system of any university to retrieve documents is not too difficult.

Quote from: vv181 on March 25, 2023, 02:37:30 PM

True. The university or the local government are more likely to lend money to the student or to offer him the option of paying in installments with really cheap interest rates or none at all, with the exception of the inflation adjustment which is done yearly.

It doesn't worth to borrow money in BTC on this forum for educational purposes. First, because he will need a decent collateral which has to be interesting for the virtual lender (very scarce options) and second because the interest rates will be much more expensive.

Quote from: ETFbitcoin on March 25, 2023, 09:49:30 AM

I don't know the detail, but U.S. government offer 10 years payment term[1]. The student usually start pay back after graduate or leave[2] from university. Furthermore you could apply to postpone or reduce payment under financial problem[3] and it seems most people qualifies for student loan[4].

[1] https://www.consumerfinance.gov/ask-cfpb/how-long-does-it-take-to-pay-off-a-student-loan-en-621/ (https://www.consumerfinance.gov/ask-cfpb/how-long-does-it-take-to-pay-off-a-student-loan-en-621/)
[2] https://www.consumerfinance.gov/ask-cfpb/when-do-i-need-to-start-paying-my-federal-student-loans-en-585/ (https://www.consumerfinance.gov/ask-cfpb/when-do-i-need-to-start-paying-my-federal-student-loans-en-585/)
[3] https://www.consumerfinance.gov/ask-cfpb/what-is-forbearance-en-631/ (https://www.consumerfinance.gov/ask-cfpb/what-is-forbearance-en-631/)
[4] https://www.consumerfinance.gov/ask-cfpb/how-do-i-apply-for-student-loans-en-569/ (https://www.consumerfinance.gov/ask-cfpb/how-do-i-apply-for-student-loans-en-569/)

Wow! Thanks for the update. I am actually not from USA but I will go through the link content later to find some more information about the student loan and compare with ours here. Is there anyway one can bookmark or save a particular comment in the forum for later read?

Quote from: SyndicateLabs on March 25, 2023, 03:08:41 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

OP main goal is simply a loan and not a support group for students that need fund assistance. I know some of my countrymen use the lending section before for their studies and they are paying back the loan through the signature campaign. Some of them is already not active here after they graduated in college and get job. Most of my student friend before is active on getting loan here last 2019 or 2020 IIRC.

I believe funding is not a problem if the user can guarantee that it will pay back. Loan is something that need a commitment of paying back. We are all anonymous here and the OP is asking for something that needs a KYC since this is a student loan without a guarantee that the student will pay after his/her studies.

OP, my little advise for you is that you are a student and don't need any loan not to add to more burden to yourself. Instead you should take your time to learn here,build your account and get a signature campaign so that you can start earning little,this is help you to solve some of your financial challenges.

You are just a Jnr.Member with no reputation yet,it becomes risky for anyone to give you a loan because you have not built your trust on forum members. If anyone will give a loan,it will be in USSD and not in bitcoin because of the volatile nature it has. One thing that I see in loan is that,collecting loan is not the problem but paying back can become a big problem. Nobody cares about what you need the loan for but trust and good reputation matters a lot in this forum.

Quote from: adzino on March 25, 2023, 03:32:05 AM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Actually there is nothing wrong with asking or maybe with the OP's question, maybe by asking like that the OP is really serious about trying to get a loan to continue his studies to a higher level.
Instead of borrowing in this forum, it might be wiser if OP borrows from the bank where he lives or OP has to look for a scholarship to continue his studies at university.
Because in my opinion, currently almost all universities provide scholarships for underprivileged prospective students and prospective students who have achievements and sometimes there are even some universities that provide free lecture programs with certain conditions, such as they must reach the minimum value limit that has been set in each lecture semester.
Or maybe the OP should also look for a scholarship from a certain foundation or company or even someone who provides scholarships to continue their studies.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

This forum has its own set of rules and regulations that govern all of the forum's activities and standards.
Taking a loan is not prohibited in the forum, which is why there is a specific section for lending and other services, but I don't think new forum users with lower ranks below member rank are ineligible because most loans do request collateral in the event of a lack of refund. However, if you are below member rank, leaving the account for another will be easier because the number of merits he/she has gained so far is small.

Quote from: sulendra12 on March 24, 2023, 10:40:01 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Right. Do not expect that you can easily ask for a loan from the forum especially that you have not proven anything in the forum, and you don’t have any collateral to present. Here in our country, I remember our school before has offered educational loan for students, so you can ask from your department head if they are also offering that. Otherwise, you have to provide a stable income first so you can be approved for any loan.

Quote from: coinerer on March 25, 2023, 02:58:00 PM

Quote from: S A KHAIR on March 25, 2023, 02:00:12 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Yes, he cannot get any loan on the forum with his account. But if you are advising to join the bounty campaign of junk projects, it is not necessarily a good idea. In that case, I advise him to find an outside job that will give him a better income than joining spam campaigns that won't bring him any profit. They just make him waste time.

Quote from: Viscore on March 25, 2023, 09:30:52 PM

Quote from: sulendra12 on March 24, 2023, 10:40:01 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

This kid come here like its so easy to give what he want. When we talk about the money for the scholarship that you want to have, it cant be granted by just asking it. There are many process you need to pass in order to become scholar. In this forum you cant do that here and ask people if they can give load for students. If you really want to finish studying in a higher institution, you must put hard work and effort to reach what ever you want. Try to go to your government and ask them. they might have scholarship program for students like you who have big dreams in life. You have high percentage there to got scholarship than to get loan here like what you are asking.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

I think you have the wrong impression about the forum, bitcointalk isn’t a company or a NGO. Even though the forum has a Lending board (https://bitcointalk.org/index.php?board=65.0), I don’t think what you’re proposing here is possible. There are so many factors to consider, how do you qualify who’s eligible for this loan without disclosing their identity. Also you have to consider the time frame of repaying the loan, tuition fees in US range 18,000k a year for certain courses so if a person is given a 18k loan in bitcoin. How do you pay that value of bitcoin when the price goes up? It will be more easier to repay the traditional student loan debt considering the volatility of bitcoin.

Quote from: Pokapoka124 on March 26, 2023, 08:10:57 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Creating an education board here would make no sense though as this platform onset from development or inception has been focused on Crypto, casino and other promotion. Like you have said, there is no way you can give a student a loan without getting their identities or KYC if you may wish and we all know this platform is psuedo anonymous in activities. Come to talk of it, setting a student board for loan means you setting up requirements they must meet up with before getting the loan so if the students are in no way near the criteria for the loan what will happen? As we all know, students loans are kinda.muvh higher than the normal loan range here so who would want to risk their funds for such a loan above $10000 to a student with no identity here when in reality their active account is not up to a member rank. Do you not think it is risky to engage with?

I don't want to make OP disappointed but I believe he needs to know that this place is not for student loans or anything aside from crypto. Even that, nobody will take your request about this. You can somehow ask for this from your government official as believe they have this program that supports student loans. Maybe it was sorry but I will tell you OP that it was impossible for you to get such a loan here in the crypto forum. Because the truth is that even old members asking for loans are sometime denied, how much more into a person who is new in the forum like you.

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Would you like to take a student loan in bitcoin? Have you thought about the risks that such a loan might entail?

If you now take out a loan in bitcoin, you will have to sell it because most likely the university will not accept payment in bitcoin. You will sell it for 28k, but after some time you will need to repay the loan, and you probably understand that at that moment the price may be 50k or even 100k, maybe even higher, and you will need to buy bitcoin at that price to repay the debt. Of course, this is just an example, because the price of bitcoin may be the same, or fall, but there is a risk and it is significant.

Quote from: ilovealtcoins on March 26, 2023, 02:36:50 PM

Quote from: coinerer on March 25, 2023, 02:58:00 PM

Quote from: S A KHAIR on March 25, 2023, 02:00:12 PM

Quote from: Rockson1 on March 23, 2023, 02:46:04 PM

Op can get loan but he/she will not get loan without collateral. op must provide collateral to get a loan on this forum. and if loan provider agree to give loan this he/she can it is there personal matter so we can't tell op will not get any loan it is impossible. but generally op is not enable for no collateral loan. The only way for him to earn money or get a loan from this forum is that either he has to take a loan with collateral or else he has to earn from the bounty or he can do the service of any of his skills in the service thread and earn from it.

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Bitcoin => Bitcoin Discussion => Topic started by: Rockson1 on March 23, 2023, 02:46:04 PM