Break Scholarship bond must pay approxi. how much??

• poor clt

  13 May 05, 01:22

  How much would i have to pay if the scholarship worth 30k and you must serve them 3 years after you completed your studies?
  
  ---> any bond breakers here?
• ditzy

  13 May 05, 01:25

  Errrr, total scholarship cost plus 3 years worth of renumeration offered to you upon successful completion?
• poor clt

  13 May 05, 01:28

  so that would total till ????
• ditzy

  13 May 05, 01:29

  I dunno, what are they offering you?
• Deportivo

  13 May 05, 01:30

  depends on the company that offered the scholarship.
  
  general break down will be:
  
  All of tution fees: $30,000
  All of 3 years salary :$108,000 (based on $36,000 per year, could be higher)
  Interest rate 5%: $6,900 (of $138,000)
  
  total = $144,900
  
  somewhere there.
• poor clt

  13 May 05, 01:31

  Originally posted by ditzy:

  I dunno, what are they offering you?

  sponsor school fees, monthly allowance of 600 bucks (all for 3 years) and 1500 for laptop.....after studies, serve them 3 years
• the.raven

  13 May 05, 01:32

  Originally posted by poor clt:

  How much would i have to pay if the scholarship worth 30k and you must serve them 3 years after you completed your studies?
  
  ---> any bond breakers here?

  whoa Shit, 30k scholarship, I wish I had that...
• Deportivo

  13 May 05, 01:32

  Originally posted by Deportivo:

  depends on the company/agency that offered the scholarship.
  
  general break down will be:
  
  All of tution fees: $30,000
  All of 3 years salary :$108,000 (based on $36,000 per year, could be higher)
  Interest rate 5%: $6,900 (of $138,000)
  
  total = $144,900
  
  somewhere there.

• ditzy

  13 May 05, 01:34

  Never break a bond, unless you have a plan B, and that plan B better be foolproof. Seriously, don't get into a bond, you know you cannot commit to, you waste your time, you waste other people's time, you ruin other people's chances.
• poor clt

  13 May 05, 01:34

  Originally posted by Deportivo:

  depends on the company that offered the scholarship.
  
  general break down will be:
  
  All of tution fees: $30,000
  All of 3 years salary :$108,000 (based on $36,000 per year, could be higher)
  Interest rate 5%: $6,900 (of $138,000)
  
  total = $144,900
  
  somewhere there.

  so much? omg...but the area i studying in job market very saturated...difficult to find job next time if i dun take this up
• ditzy

  13 May 05, 01:39

  And what is this job market you are aiming for? I do know the construction sector isn't doing well for now, and won't be for several more years to come.
• Deportivo

  13 May 05, 01:40

  Originally posted by poor clt:

  so much? omg...but the area i studying in job market very saturated...difficult to find job next time if i dun take this up

  if you really want to break a bond, you must either be prepared to cough all of it from your pocket.
  
  or, you have a company that is willing to pay the renumeration for you.
• poor clt

  13 May 05, 01:48

  Originally posted by ditzy:

  And what is this job market you are aiming for? I do know the construction sector isn't doing well for now, and won't be for several more years to come.

  the scholarship is from a marine industry....anyway i will be still young to find a job after i serve them...
  
  19-21 years old (NS)
  21-24 years old (bond)
  
  lucky still can sign on navy if i want
• ditzy

  13 May 05, 01:49

  Navy? *shudders*
• poor clt

  13 May 05, 01:51

  Originally posted by ditzy:

  Navy? *shudders*

  cant help it...the area i study in can onli be used in navy or marine stuff