The Beast That Swallows Its Young
December 20th, 2009
Posted in Consolidate Student Loan | 
Tags: Beast, College Loans, Envelope, Fool, Fruition, Letterhead, Mae Corporation, real estate, Sallie Mae, Swallows
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December 20th, 2009
Posted in Consolidate Student Loan |
Tags: Beast, College Loans, Envelope, Fool, Fruition, Letterhead, Mae Corporation, real estate, Sallie Mae, Swallows
This is stupid on multiple levels. First, student loan payments don’t grow the university; the school already got paid by Sallie Mae and isn’t impacted by whether or not the lender gets paid. Second, you’re feeding the beast more by not paying, because they’ll add interest and attorney/late fees, then collect it from the guarantor (the government). Third, they will eventually garnish your wages/social security/tax refunds. Fourth, how is it you can afford a website but not minimum payments?
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The United States government, in bed with corrupt corporations, spends trillions on corporate welfare (even for many businesses that harass clients and contribute nothing to our economy) and the Iraq War.
Yet the USA plunders its own young citizens when they need health care and an education? A banana republic in the making.
If this legalized racket goes on, we’ll have a revolution in the USA. We already have massive emigration of the best skilled. A less painful solution- do some reforming!
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You want an education so you can have a job that pays well. A company will pay for the education at a profit. You agree because you assume you will make enough out of college to pay. They hold up their end, and you dont. And it is their fault? It is not their fault that you chose a degree that does not pay. Without them, I would not be graduating with an engineering degree in Dec. The same goes for all those like me whose parents are neither rich nor poor. Stop celebrating a broken promise.
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It may strike some people as ironic, but I’m certain that the brutality lies in the “safety”, but true safety comes from freedom.
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Hahaha. Brilliant.
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But why would you care to stimulate such a conversation? Have you told them that the best thing they could do is to become a teacher? That way they can have all their student loans forgiven. Hmmm…I guess thats why I am around 300% above my principal, cant forget that we need more teachers…. so we can send more people to school….so we can loan them more money…… and watch the video again please.
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I concur.
What happened to scary red haired guy’s voice? He got quiet.
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I am a college communications instructor — really. And I use Mr. Kresling’s song to stimulate student discussion. I appreciate his reasoning and believe his observations valid. Many nations have discovered that balancing “brutal freedoms” against “safety” can indeed be managed effectively without destroying the well-being of their populace.
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lol “federal debt.”
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This is video is right on. The whole college experience is deteriorating because of greedy bastards taking advantage of young passionate kids who dont even understand the consequences of taking out a shark loan. You should feel like youre on top of the world when finishing college, not like a failure for taking out a bad loan that damages your quality of life.
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I have no problem with the collage system; it’s the college system that’s inequitable.
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The collage system is brutal but not ideologically unfair. As long as America stays true to it’s origins (as a place that values freedom over safety) than we will have to rely on social and not governmental reform. However if America decides that safety is more valuable then freedom than it would be fair for citizens to demand free good education.
Personally I believe freedom- However brutal- is better than safety.
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can i have the TABS to this song on the ukulele
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Thanks
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Dave Ramsey FTW!
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CrossoverManiac, I am not used to intelligent debate on this particular forum. You do make a good point – it is easier to walk away from a massive home mortgage than from College loans…
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General Motors got away with paying its investors by filing bankruptcy, yet college grads can’t even if they work for only minimum wage. I used to be like you and still am, somewhat. But I looked at the whole picture. If student loan borrowers were given as many rights as those afforded businesses or those that borrowed from auto finance companies or reality agencies, you might have a case. But it’s the opposite. It’s easier to get out of a $300K home loan than a $40K student loan.
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For those going to college, there’s another way (many other ways) to fund college other than student loans. If there’s a will there’s a way.
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Learn from Dave Ramsey. Parents, pay off your debt and set up a college fund. That’s what we’ll be doing, we are now expecting our first child.
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The Beast is the College Matrix.
Unfortunately, when it’s too late to turn back, one finds themselves in the belly of the Beast that is… The College Matrix.
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I wish this video had been on MTV in 1981. You’d be a legend, raking in the bucks on the nostalgia circuit! A Flock Of Seagulls ****** compared to this! Great job.
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that’s not corruption, child. sometimes circumstances don’t allow it.
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Exactly, which is why this system is BEYOND fair. No other government in the world or private entity would tolerate out right theft of their loans. The EMO crying that I read on here is a product of generation y’s attitude that they are entitled to everyting and should work for nothing.
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Corruption is borrowing money from someone and refusing to pay it back. This is something even a child can understand.
YOU borrowed the money, went to school, didnt succeed, and now you dont want to repay your loan.
Those who do this have stolen from all tax payers. THEY are the corrupt ones.
PS I think this is a great song
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i dont see why you are trying to stick up for a corrupt system, you must work for a debt collector.
it’s not ‘cool’ to resist unfair punishment.
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