Default: the Student Loan Documentary
October 30th, 2009
Posted in Consolidate Student Loan | 
Tags: Bankruptcy Protection, Borrowers, Check Loan, Consequences, Credit Check, Documentary, loans, Multiple Times, Predicament, Recourse, Student Loan
I dropped out of college because I realized it wasn’t worth the money. The work was easy in my engineering classes, but the amount of time and money I would have spent on college would not have sense financially. I am a cnc machinist now and doing fine. I never considered taking out a student loan because I understood the math.
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I hope it is a good job and you have a marketable degree. A degree is an investment not a right!
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no quite that easy. Your name would be tarnished for a long time.
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or, do they just want to collapse the system and bring about reform to shape an agenda? BTW I’m an independent voter.
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BTW, the most unbelievable part of all this– the USA is losing its most talented people to other countries, since its policies are tailored to enrich the already super-rich at the expense of the young, bright and ambitions working their way up, and the poor in general. AKA the definition of a banana republic.
The United States could quickly improve this miserable situation, just by passing the most basic reforms to correct these problems.
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Dumb, predatory policies, like these student-loan lenders who use legalized usury to force students into serfdom–THIS is what is driving Americans out of the country for good these days. The brain drain to the Netherlands, China, Germany, Argentina, Panama, Chile- it’s off the charts. Not just student loans but health care (don’t have a baby in the USA, the crooks in the industry will bankrupt you). So the best Americans now do their business in Dutch, German, Spanish- cuz they’re overseas.
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Amazing that the bought-and-sold US government has trillions of dollars to waste on idiot wars like Iraq, as well as corporate welfare for parasites in the banking and health care industries (so much for “personal responsibility” that so many anti-reform idiots like to spout about).
Yet when it comes to education– the best investment for a strong nation– it shafts students, then lets predatory lenders push them into insolvency. And we wonder why the USA is becoming a laughingstock with this?
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school is overrated
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I’m a senior graduating this year with about 45,000 in debt. Thanks SallieMae and NYU….
It’s scaring me into getting a job i’m going to **** just because it has a paycheck. Not good.
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People would have been better off just paying for college with credit cards. Do cash advances for like $5,000 each on 6 or 7 credit cards, in the same day, within the same hour, at several different banks.
Then file for bankruptcy….
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civil disobedience is already beginning to ensue.
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soon there will be a riots fighting between the lenders and the slaves.
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Good Job!!! Sallie Mae keeps saying that “you owe a debt and therefore you have to pay” but they neglect to tell you how they design these so called loans with “capitalized” interest so that you will never be able to be rid of this debt. They also don’t tell you that the school you went to had a secret agreement to recieve a financial reward for every person they sign up with a sallie mae loan, evil. Their loans are deceitful and oppressive , they don’t deserve to be repayed.
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ISLAM orders and FIXES a NO INTEREST system.
The downfall of WEST is its interest drven economy.
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They just threaten people with mental tension and they never take it back but only keep increasing the imaginery paper figures.
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You must have went to RPI…
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private message me. i can teach you how to eliminate MOST of your debts. and/or rehabilitate a student loan gone bad.
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you can try consolidating them through US dept of education’s direct loan program. they’ll buy it all out and you pay only 1 loan with a renewed lower interest. and you get your credit cleaned up.
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The best college to go to is community college. Period. I regretted leaving CC to attend a private school and I am paying for it. The schools never helps people find a job.
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Thankfully I got AWESOME aid! And I have a fulltime job and go to school fulltime, to pay off some of my loans. : ).
Im a junior and only have 10,000 in loans not that much, HAZZAH?
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These are all relevant comments now that Calif. is broke and fees at Cal-State universities have gone up 30% this year. High school guidance counselors (if they care) should be honest and tell students that maybe college is a RIPOFF and you might be better off working at Best Buy and Burger King and not being a fugitive from Sallie Mae for the rest of your life. Some degrees like computer science will be obsolete in just a few years.
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we’re behind you 100% serge
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Just like the young gentleman in the beginning of the clip, I was disabled for most of my adult life and was never able to pay the student loans. Now I’m middle aged and they’re still after me. My credit is absolutely destroyed. I would never go to college if I had it to do again. Hey, if it just happened to slobs like me, that would be one thing, but it seems to be happening to everybody who does not come from a rich family.
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trust in Jesus first and accept him today in these endtimes
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MY FRIENDS,
The College Matrix is alive and real…for it affects thousands and once one realizes the matrix, they are already deep within the Belly of the Beast. Expose the College Matrix my friends, for I will.
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