How One Girl Is Paying Off Her Student Debt With Send Nudes

Sasha Davenport has been going through some tough times. As many students do, she’s trying to pay for college with loans. But unlike most of us, Sasha was smart enough to know that sending naked selfies was the best way to get money in a hurry — so she started doing it! She now makes hundreds of dollars every week just by posing nude.

Sasha, like most girls, loves showing off her body. So when she saw that there was an app that allowed you to send your nudes to guys who would pay for them, she figured why not? She downloaded the app and started getting paid. Now she sends out dozens of pics daily and gets a nice chunk of change in return. And since she doesn’t have to spend any money, Sasha is able to make even more! She says she’s making “at least” $500 per week by posing nude.

What Is Send Nudes?

Send Nudes (https://sendnudes.chat/) is an app where people can exchange nude pictures and videos. It’s one of the big ones — millions of users all over the world are exchanging sexy content on this app. The app allows you to browse and buy photos from other users, or set up your own profile and sell your own nudes.

The app was created in 2014 after the rise of sexting as a major trend amongst young people. There were several services available at the time, but none had hit their stride quite like this one.

Why Do People Use Send Nudes?

People use the app because they want to show off their bodies. If a guy wants to see your tits, he’ll ask for them. If a girl wants to flash her pussy, she’ll post a picture of it. And if you’re an exhibitionist, you won’t be shy about posting a full-on porno video of yourself.

Nudity sells. It always will. If you’ve ever seen a celebrity sex tape, you know what I’m talking about. Nude photos of famous stars are like gold. They make a lot of money, and they get passed around on the internet faster than anything else.

With Send Nudes, you don’t need to be a celebrity or actress to make money. You simply need to take off your clothes. That’s it. Anyone can do it!

Student Loan Debt Today

If you’re a student today, you’re probably aware of how expensive college is. According to the US Department of Education, Americans owe over $1.5 trillion in student loan debt.

That means that almost half of all graduating college students leave school with debt. And the average amount of that debt is nearly $30,000.

Many recent grads aren’t able to find jobs right away and end up struggling to pay back their loans. But they still have to do it. They have no choice.

After all, they’re broke.

Sasha says she owes almost $80,000 in student loans. She took out these loans to help pay for her degree in marketing. She didn’t want to take out any more loans, but she did it anyway. She couldn’t afford not to. And now she’s paying the price.

Sasha says that without Send Nudes, she’d never be able to pay off her loans. Her earnings from nude selfies have made her debt disappear. And she’s able to keep using the app to earn more money.

It’s like a cycle: She earns money, she pays her loans, she keeps earning money. Eventually, she’ll be able to live completely free of debt.

Conclusion

Of course, being a nude model isn’t easy work. It takes a lot of courage to put your body on display for total strangers. But as long as you’re comfortable with your body, you shouldn’t have any trouble selling your nude pics.

If you’re not comfortable with your body, you can try to find a friend who’s willing to pose nude for you. If you have a boyfriend who is okay with it, he could help out too. Just make sure your partner is comfortable with it before taking his clothes off. Otherwise, it might ruin your relationship.

Either way, you should consider using Send Nudes to make extra cash. After all, it only takes a few seconds to snap a picture and upload it. You could be raking in hundreds, or thousands, of dollars per week in no time.

After only 3 years, a $100,000 loan has turned into $180,000 from insane interest

After only 3 years, a $100,000 loan has turned into $180,000 from insane interest

Dear Friends,

I need help. I graduated college in 2009 following the phantom American Dream. I left Truman State University with a whopping $100,000 in student loan debt through private lenders. Yes, it’s a soul-crushing amount, and no that’s not the complete amount, for there are also government loans. This amount is with the private loan organization known as Sallie Mae. The only way I was going to be able to go to college in the first place was by taking on student debt. 

My family is very practical with money, and never have had success needed to finance much beyond basic amenities and getting me an my sister what we needed to do the best we could.   I admit that I did not watch my money, or prepare well enough for the future costs, or was properly educated to handle financial realities. I thought that I would do the normal life pattern and graduate and find a well paying job with benefits in something I would be proud of.  Lucky for me I remember talking with Sallie Mae a semester before graduation, and seeing the engineered stock market crash go down 800+ points.

Fast forward to today. I found an entry level position at Best Buy, a soul crushing organization of it’s own. I worked there for 2 and 1/2 years. All I have to show from it is a $5 gift card to Chik-Fil-A, stress weight form the lovely hours, and back problems which I cannot address since I’m not “fortunate” enough to have health insurance. I finally found some kind of reliable work at an insurance company.

I make a laudable 9800$ last year, and am on track for the same failure of an amount. I am a devoted worker who is always on time and picks up extra shifts to just make some kind of a survival.  Even the spirit of wanting to work hard and make something of myself is not enough. What I need help with is some way to fight back against this mega-corporation that is not only harassing me constantly, but also is controlling nearly every aspect of my life. Sallie Mae gave me a very…gracious…6 months to somehow find a job where I would have around 2k a month as disposable/loan income immediately. They have called nearly every day for the past 2 years between 10-60 times a day from a multitude of different numbers. They will call to remind me of what a bad and stupid person I am for not getting a well paying job the moment I graduated.  I was on the phone for 2 hours with a financial administrate named Audry trying to find some way to pay.  She berated me for getting a new car, a car that I researched the city I live in and the surrounding counties for the best deal on. 

She said that I should have bought something cheaper if my car was currently falling apart.  Well I cannot since my credit is wrecked by you, Audry.  She then made me feel worthless and interrogated me for not getting further education, or getting a better job.  She told me that it was necessary to pay this loan back above “all other priorities”  for taking out a loan “which is almost a mortgage”, then berated me more for not having a better job. They then insist on making me list every detail of my finances to them. Yes, I understand that it’s a needed step to determine costs and such for repaying the loan. But, when you call me and ask for this information, then take $150 from me to “forebear” this loan for 90 days, and then call me back within the hour asking for the same information and $ again… something is wrong. Oh, and they are not just having a clerical error.

They told me I could forebear and defer and whatnot as long as needed, then one day when I scraped together $150 to forebear again, guess what “you are out of forbearances”.  They will call and harass me immediately after I pay them. I finally, to have some sanity took each and every one of their nearly 24 different numbers and blocked them on my phone. If they need something they can take the whole 20 seconds to leave a voice mail and a call back number. I will call them back as soon as possible so they can make me feel like a worthless human.

It has come to the point where the letters, calls, threats to my family’s future, threats to my grandmothers social security, threats on the house, have started to erode my family down. I try to call and set up a plan to pay them back, but they do NOT care what I say, or what plan I put into place. It will change the next week or 2 after I set something in place.

Now it has come to the 11th hour, where after agreeing to a set monthly amount they are going to continue on with defaulting my loans. Now after only 3 years, a $100,000 loan has turned into $180,000 from insane interest capitalized on a quarterly basis to the principle, AND the default will go to collections making the sum close to $200,000. My wages, what wages there are, will be garnished. My parents wages will be garnished.

My taxes will be taken. My credit rating is in the low 500 now, and will continue to plummet for the rest of my life. My insurance license, the ONLY means of making an income currently has the potential to be revoked for the default, or so I have been told. My families house has the potential to be foreclosed on, or have a lean placed against it. All for what? A piece of paper?

I am a good man. I have fought for good my whole life. I have done everything to make the lives of those around me better, or happier. I have saved 2 men’s lives by helping them while they tried to take their own lives through violent means, stopping them and getting help for them. I have brought a better life for my clients and people I meet.

I helped a complete stranger save $1,500 a month by finding a plan for medical insurance that was not even with my own company. I sidestepped a massive commission to help her, and her family. But, I am cursed now to forever be on a spiraling slide into pain, failure, and indentured servitude. Sallie Mae is completely out of control.

I believe in old-fashioned ideologies, where if I tell you I can do something, don’t berate me for that commitment and demand almost 10-20 times more from me. You CANNOT discharge student loan debt with both chapter bankruptcies.  I know you all know the majority of what I am writing, and I’m sure your probably thinking that I am a terrible person too, but I have to try and FIGHT.

I want with all my heart to pay this off. It has been a constant in my life. The physical stress is killing me literally. I cannot move anywhere in my life because of this debt. I cannot get a good car on my own without having to ask family for more help, cannot meet the love of my life since all my money goes away the moment I receive it.

I cannot move into my own place from the lack of money. I live with my parents who love me, but I can see the fear and disappointment in their eyes every day. I will not be able to find a good job from having a bad credit score. I cannot buy a house. I cannot do anything social so I read books from the local library. I have not taken a vacation from constant work in years and years and years. I AM TRAPPED LIKE THIS FOREVER. It has made me even consider killing myself to remove this debt…but wait, I cannot even do that since the debt will just transfer to my parents. 

In the past 10 years my mother has nearly died 2 times from a massive infection from Medically Resistant Staff, and later a routine disk surgery placed her in intensive care for almost a month and a half.  Best Buy demanded I come to work before seeing her, which I did.    My father’s health is also on the decline with multiple heart attacks in the past 2 years.  They cannot physically take up second jobs to help pay.  I work 60+ hours a week trying to build a business and find some income. 

The medical bills alone for that are destroying the family, now my failures are what seems like a death blow. I am turning into a bitter and angry man, and I am not that person at all. I need help or someone to fight with me, beyond the shackled means I currently have. Stand up and Fight against this terrible organization. It is enslaving our generation for life and eroding the middle class. Student Loan debt is the next “housing bubble” waiting to happen. Please Please PLEASE HELP ME. I was just for trying to break into a better life for me and my family by going to college, now it seems I’m just taking everyone down with me. I am a slave with an ever growing invisible yoke around my neck.

Justice

Justice?

I graduated from Kent State University with my B.A. in Secondary Education in December, 1992. I borrowed $17K. I then added my elementary education certification/endorsement to be more employable & then my Masters in Curriculum & Instruction in Education. Because I didn’t wish to acquire more debt, I paid cash for these degrees. However, when I married & the payments we’re so high, we were approached to consolidate as a couple at a lower interest rate & payment.

We bit. Worse thing I’ve ever done….In 2005, I divorced. Everything was split – except these consolidated loans. It’s against the law to split them. My ex refused to make payments, & unless I paid both our payments, I was considered a nonpayer as well. I contacted AES about deferments & forebearances (for 20 years now, I’ve worked with underprivileged youth in low income districts), & at first they habitually “lost” or “never received” the paperwork (via fax, mail, email….) & later they told me both my ex & I had to defer for the same reason or it would be denied…we weren’t speaking & he lived in another state. This went on for years (& penalties & fees & interest compounded).

After moving from Las Vegas to Irvine, CA, in 2008, I visited our local credit union to transfer a personal & a car loan from LV. When the teller returned, she informed me that they could not service these loans because I had a $250K+ unpaid student loan & my credit score was 590 (in LV it was 800). I was mortified, shocked, & frustrated. I immediately phoned AES, & they refused to divulge any info to me because my ex was listed primary & that would be invasion of his privacy. I was refused any info, but they reported it to the credit bureaus. What?!? this went on for almost a year. Then one day I was contacted by phone from a new organization, ASA. they told me if I paid $1500 monthly for 9 months, they’d fix my credit & I could enter IBR. I explained that I’m a single mom raising two daughters with limited to no support & that yearly through furlough days my teaching salary is less & less. They wouldn’t budge.

I explained the most I could possibly afford after cutting some things from our budget was $750, & that would really be pushing it. The still refused. The loans have recently gone into default, & ASA has attached my wages at $1000 monthly since this January – only MY wages, not the ex’s, yet he teaches & receives a higher salary…I’ve been denied homes to rent for my girls & me as this debt makes me a high risk (I have no other debt & have always paid my bills on time) & credit for a home. And In March, I received my pink slip (no job for next year).

I faxed a copy of it & a letter to AES & ASA explaining but never heard back. My last pay came June 30. I’m not trying to get out of paying what I owe – I’m just asking why I have to be burdened with another person’s debt AND my own. Why can’t the law allow these divorced consolidations to be separated or at least divided equally? Why should someone I legally divorced have the power over me to continue to ruin my credit? How can an organization ruin my credit yet refused me any info on the debt? How can I work in the public sector with underprivileged & be refused deferments or forgiveness because I took out my first loan too early??

How can these companies attach my wages yet not work with me on a fair payment? I worked hard for my education, borrowing a minimum amount & paying for most of it myself, & how am I rewarded? By picking up the tab for my ex….is that a just system??

Demands

Demands

We want to change the national dialogue about the student debt crisis.

Stop blaming the victims of predatory lending! 

Start blaming the lenders like Sallie Mae who paid off politicians to strip away consumer protections!

Private lenders like Sallie Mae PROFIT FROM DEFAULTS – which is why they have no incentive to offer income-based repayment, deferment for unemployment, or any other ‘safety nets’ to protect debtors from default!

We were told to work hard and stay in school, and that it would pay off. We are not lazy. We are not entitled. We are drowning in debt with few means of escape.

We would give anything to pay our debt, but we are un(der)employed due to the jobs crisis and the lack of consumer protections and refinancing rights makes managing payments extremely difficult.

The student loan bubble may not burst with a bang, but it is slowly suffocating us.

Student Debt Fact Sheet - Updated May 25th, 2012

Student Debt Fact Sheet – Updated May 25th, 2012

1. We knew what we were doing when we took out these loans. What we didn’t realize was that the system was rigged.

  • Lenders carry little risk when distributing student loans, thanks to federal laws insuring student debt. Due to the lack of bankruptcy protections and the profitability of collection costs, there are no incentives for lenders to help students avoid defaulting.
  • Defaulting on student debt can have serious financial consequences for one’s lifelong financial future, and this can happen after only several months of missed payments.
  • With 53% of new graduates facing unemployment, the default rate is clearly bound to skyrocket – it is already estimated at 1 in 5.
  • America’s largest lender, Sallie Mae, acts as both a lender and collector, servicing federal and private loans while making $700 million yearly in fees from students in default. This is predatory lending, plain and simple.
  • There has been record of unethical profiteering by those involved with the student loan industry, including but not limited to lenders bribing school officials to promote their loans, and Department of Education officials profiting off of student loan company stock.
  • Unfortunately, much of the dialogue surrounding the student debt crisis has blamed students themselves as opposed to lenders, college administrators, and government officials.

2. “Why take out student debt to begin with? Why not turn to grants and scholarships, or work while going to school?”

3. The difference between federal and private student loans, and why it matters:

  • Federal loans provide certain “safety nets” such as income-based repayment (IBR) in order to help students avoid defaulting; private loans do not.

    The Project on Student Debt writes:

    “Private student lenders are not required to provide the important borrower options and protections that are guaranteed with federal student loans, such as unemployment deferments, income-based repayment, public service loan forgiveness, and cancellation if the borrower dies, is severely disabled or is defrauded by a school.”
  • Private lenders such as Sallie Mae, Chase, CitiBank, Wells Fargo, Key Bank are also exempt from federal fair debt collection requirements.
  • Sallie Mae assigns low-income students variable interest rates of up to 25%. These high rates can send total debt snowballing out of control within a short amount of time.
  • If you have loans through Sallie Mae, there is no way to refinance your debt, or work out an income-based payment plan according to your household budget. These are options that are available for credit card debt, but student debt is subject to unique double standards.
  • There is currently a class action lawsuit against Sallie Mae for moving as many problem loans as possible into forbearance to hide the true number of private loans that were delinquent or in default.
  • Sallie Mae is also being sued for giving unfair loan terms to black, Hispanic, and Native American students.

4. Bankruptcy isn’t an option.

5. What happens if I default on a student loan?

6. Even if you’re able to make payments and don’t default, you’re still affected.

The New York Times writes:

“A study of recent college graduates conducted by researchers at Rutgers University found that 40 percent of the participants had delayed making a major purchase, like a home or car, because of college debt, while slightly more than a quarter had put off continuing their education or had moved in with relatives to save money. Roughly half of the surveyed graduates had a full-time job.”

  • Student debt is delaying the steps of adulthood that are considered crucial to following the American dream, and withholding vital consumer spending that can stimulate the economy.
  • The similarities between the ongoing student debt crisis and the 2008 housing crisis are apparent. Action must be taken immediately before the economy faces even further damage.
We’re all putting together book reviews for books involving higher education and student debt.

We’re all putting together book reviews for books involving higher education and student debt.

Many reviews are coming soon!

How The Education of Millionaires Can Bring Hope to an Ailing Nation

By Anthony Mychal

Stuck under student debt? Can’t find a job? Regret your decision to attend college? There’s good news: It’s not too late. At least, that’s the thinking of Michael Ellsberg, author of The Education of Millionaires: It’s Not What You Think and It’s Not Too Late. Whether you’re a teenager with collegiate ambitions, a jobless twenty-something living in your parent’s basement, or a thirty year old touring third world countries to lower the cost of living, The Education of Millionaires is a must read.

The title, Education of Millionaires, does little justice to Ellsberg’s work. Don’t be fooled. It isn’t a get rich quick scheme. It’s not even in the same ballpark. The book is simply about how select millionaires and billionaires made it big. The catch? They aren’t your ordinary millionaires and billionaires. They are the ones that never finished college.

It’s filled with detailed interviews and insights from notable entrepreneurs and personalities such as Peter Thiel (co-founder of PayPal), Dustin Moskovitz (co-founder of Facebook), and Marc Ecko (founder of Marc Eckō Enterprises). But make no mistake; Education of Millionaires is more than a conglomeration of interviews. And Ellsberg realizes that not everyone wants to be, or will succeed as, an entrepreneur. So don’t get discouraged if that’s not your thing, as there is plenty of valuable information for all interests.

Perhaps the best way to describe the book is with a phrase echoed long ago by Mark Twain: “I’ve never let my school interfere with my education.” Do you remember sitting through four years of high school and asking yourself, “What am I going to use this information for when I grow up?” And then sitting through two years of undergraduate school and asking yourself, “Isn’t this the same stuff that I’m not going to use after I graduate?” And then surviving those last two years of undergrad and asking yourself, “Will I even use this?”

Ellsberg remembers those years. And it’s safe to say Education of Millionaires contains what schools should be teaching. It’s the education you never had, but always wanted. And it’s boiled into seven success skills—all equally unlikely to appear in the public schooling curriculum. These seven skills are what separate the self made from those that fade. The self made realized—somehow, someway—that “street smarts” were more valuable than “book smarts,” and they went out and learned for themselves. See that? They learned. Even without school. What a crazy concept.

Ellsberg says that the traditional picture of people dropping out of school, having no career options, and living in a garbage can simply isn’t true. And he backs this up by differentiating between dropping out of school and dropping out of learning.

*

Seth Godin, bestselling author and genius of all things marketing, says that average is for losers. Yet the idea of primary, secondary, and higher education is rooted in building average people willing to do average things for average pay. And we willingly accept this fate. We’re told to go to school, get a secure job, start a family, and live a happy life behind a picket fence. We go to college in hopes of not upsetting the world. Whatever happened to wanting to make a difference? Wanting to change the world?

What they don’t tell you is that you will remortgage your house, sell your picket fence, and feed Spot scraps for dinner just to keep up with your bills. And they don’t tell you because they can’t. Their concept of life is formulated having lived during the industrial age. But the industrial age is over.

Although Ma and Pa just want you healthy and happy with a stable job and a pension waiting, this just is no longer reality. The rules have changed. Student loan sums and interest rates are climbing, and the twenty-three year old college graduate isn’t walking into executive positions anymore. Hell, they’re not even walking into entry level positions. They’re barristaing at Starbucks, living in their parent’s basement, and working to mitigate student debt.

Millions of students that make it through the once touted higher education system are coming out at the bottom, realizing that—by law—student debt is a life sentence. Hardly civil in a world where a fifty year old can accumulate credit card debt with vain and materialistic purchases, only to have the debt absolved in a bankruptcy settlement.

Big money companies like Sallie Mae are trapping the youth, forcing them to sign documents that are knowingly beyond their comprehension that essentially say this: as long as you’re alive, you will be indebted to me.

So how can a rational fifty year old that overindulges on materialistic things have an escape route when a eighteen year old kid, fulfilling society’s expectations and hoping to be rewarded with numerous career possibilities, be stuck for the rest of his or her life? Especially when accumulating the debt isn’t living up to the purported reward?

Ellsberg is adamant enough about this issue to print the following in full capital letters: “WHEN ARE WE GOING TO START GIVING OUR YOUNG PEOPLE BETTER CAREER ADVICE?” And my equally important question is, when are we going to start telling young people what to expect after college?

The system is broke. “It’s the end of the industrial age,” Seth Godin explains, “It lasted for eighty years. For eighty years you got a job, you did what you were told, and you retired. And good people could make above average pay for average work. And it ended. [The world is]…Totally unprepared. Absolutely. Because our schools, our systems, our retirement things, our taxes are all built around this notion of doing what you’re told.”

People are now realizing that following both orders and societal standards is landing them in an endless pile of debt without yielding tangible returns. Ellsberg claims that this can only go on for so long before something gives. The education bubble will burst.

*

What should I do? What jobs are there? How should I prepare? Which jobs should I prepare for? Is vocational school better? According to Ellsberg, this thinking is dysfunctional. The people that narrow themselves into one job—or even one field—won’t be suited to thrive because the very jobs that exist now won’t in five to ten years. “The courses in this book prepare you for success in any job,” Ellsberg explains, “Including jobs we can’t even imagine because they don’t exist yet. It is a completely adaptable set of personal and professional skills for life in the real world, applicable under any market conditions, any economic landscape, and any personal circumstances.”

Perhaps the most valuable skill, which appears as the seventh success skill in Education of Millionaires, isn’t much of a skill at all, but rather a mentality. Ellsberg differentiates between the employee mindset and the entrepreneurial mindset, saying that the employee mindset is poison. It subconsciously says things like: I went to school, I deserve a job. It’s not my fault for being unemployed. It’s not my job to do “x,” because I’m only “y.”

The entrepreneurial mindset, however, allows college drop outs to become millionaires. It takes responsibility for actions, regardless of fault. It works itself into promotions. It makes decisions, even without authority’s nod. But don’t get confused. The entrepreneurial mindset isn’t reserved for entrepreneurs. It’s a mindset, a way of approaching life. According to both Ellsberg and Godin, the public schooling system doesn’t teach the entrepreneurial mindset. It instead primes students for being an average cog in society that doesn’t question authority and embraces their role as a remedial worker. In other words, schools are teaching us how to fail.

*

The American Dream used to represent freedom and prosperity. Now, the American Dream is more so not having student loan payments. But the good news is that the true American Dream is as tangible as it has ever been. With the internet and plummeting cost of technology, businesses can start easier than ever. According to Tony Hseih, CEO of Zappos, older businesses were more dependent on outside funding because internet and server costs could creep to $50,000 per month. Now, better servers and internet service can be had for a mere $50 per month.

The Age of Opportunity is upon us. Yet kids are still droned into higher education to get a “safe” job. But in 2009, Adobe Systems laid off 9% of its workers. Sprint Nextel laid off 2,500 workers. Microsoft laid off 8,500 workers. Cisco laid off 2,000 workers. Logitech cut 15% of salaried employees. In 2010, the US Postal Service cut 30,000 jobs. Verizon cut 13,000 employees. The Illinois Public School System cut 8,130 teachers. California fired over 20,000 of their teachers. In 2012, Pennsylvania cut more than 14,000 education jobs. Delta Air Lines bought out 2,000 workers. Research in Motion (creators of the Blackberry) cut 11% of its workforce. Pfizer cut 5,530 employees. Borders, 10,700.

Safety? Security? No. Quite the opposite. And it’s only a matter of time before the world realizes that the once safe, comfortable, and prestigious confine of higher education is now one of the riskiest endeavors for a student. But for those of us that already carry student debt around our belt, we owe it to future generations to tell them what truly waits after college. And we owe it to ourselves to adopt an entrepreneurial mindset, positioning ourselves for success in the new economy. So no matter if you are in a little debt, in a lot of debt, comfortably paying off your debt, or a freshman not yet in debt, remember, it’s not too late.

Anthony Mychal is a writer and online fitness consultant from Pittsburgh, Pennsylvania. You can visit his personal website at http://anthonymychal.com. To contact him for questions and services, send an e-mail to: anthony.mychal@gmail.com.

Aaron Calafato—Student Loan Debt— Responsibility of the Artist…

Aaron Calafato—Student Loan Debt— Responsibility of the Artist…

Thanks for reading.

My story is similar to millions of young American graduates, so I won’t focus on the fact that my wife and I are a combined 120,000 thousand dollars in student debt. I won’t elaborate on the harassment we have both endured from private lenders like Sallie Mae, Great Lakes, and Key Bank.

I won’t argue the fact the middle class is getting taken advantage of by having most of their loans privatized instead of subsidized and that our higher education industry has become a corporate enterprise exhibiting the same characteristics of a greed-driven Wall Street. These contentions already have been articulated by the millions of young professionals waking up to the reality that, “we don’t live in a pay-to-play society anymore, we live in a borrow-to-work society”. I will, however, talk about how my journey as an Actor and Storyteller intersected with the issue of the student loan debt crisis.

After transitioning cities and getting married I felt my acting career was stalling even before it really began. It wasn’t because of my lack of effort, training, and experience in the York market. It was because my Bachelor’s Degree in communications became my financial nightmare instead of a worthwhile investment.

Both my wife and I put our careers and lives on hold to take jobs in retail sales to try and pay off our loan debt. Debt that we accrued because we were led to believe it would give us an even playing field in our professions. It had the opposite effect.

Ironically, I took a job as an admissions adviser at a For-Profit University to keep up with my outrageous monthly student loan payments. The position was my real education on how the corruption of the American higher education system not only affected the students I was advising but my own life. I learned about the nature about For-Profit Schools and how they capitalized on the hopes and dreams of our most vulnerable people in society.

That all Universities were raising their tuition every year while the government continued to allow unemployed college students to take out max-level student loans. How employers worked in concert with the schools and lenders by requiring a bachelor’s degree or higher to perform jobs that barely made a living wage. Finally, how my employer pushed me to perform my job unethically in order to keep it.

I had enough. I’d had enough of being controlled by my own student debt. I was sick that I was making a living putting other young Americans in that same debt. So I chose freedom by using my skills as an actor and storyteller to create a play that would explore the narrative of the student loan debt crisis. 

The play, which took almost 6 months to write, is appropriately titled “For Profit”. With this solo performance, it’s my intention to create awareness and inspire social change in regard to the student debt crisis.

My work as a performing artist stems from the inherent need to communicate with other human beings. In my performances, I focus on the complex exchange of ideas and experiences of everyday American society. Therefore, it is my obligation to tell this story, and instead of continuing to be victimized by this system, to use my abilities to help change it.

Michael Moore — Debtor’s Prison

Michael Moore — Debtor’s Prison

Instead of you going off into the real world, we send you immediately into a debtor’s prison…And at 22 you are in prison. Because now you have $10,000, $20,000, $30,000, $40,000, $50,000 worth of STUDENT LOAN DEBT that you are going to spend the next 20-30 years paying off! Why would we do this to our children?!? We didn’t have that! Those of you who are in here that are my age and older, what did it cost us to go to school here in Michigan? Let me tell you how we paid- if you didn’t get a scholarship, the way you paid for Michigan State was you worked at Dairy Queen for the summer!

                    -Michael Moore

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Please Take the "Young Invincibles" Survey on Student Loan Debt

Please Take the “Young Invincibles” Survey on Student Loan Debt

Dear Friends and Supporters:

Happy 2012!!!  Lots of exciting things on the student loan reform front are in the works for the upcoming year – we’ve already won a few battles over the course of the last 3 years, but the real fight is only just beginning.  With the Presidential and Congressional elections a mere 11 months away, ForgiveStudentLoanDebt.com and all of our allies are determined to make student loan debt a major issue of the 2012 campaign and, to do that, as always, we need your help!

Young Invincibles is one such ally engaged in the fight to restore sanity to the way in which we pay for higher education in America.  They are a group that formed in a law school cafeteria in 2009 over concerns that their voices weren’t being heard during the protracted debate over health care reform.  Over the course of the last 2.5 years, they’ve grown to become one of the leading voices in Washington, D.C., representing the interests of 18-34 year olds with respect to public policy.

They’ve put together a brief survey about students’ experiences with student loan debt so as to better serve their constituency – a constituency that has a great deal of overlap with us.  As such, I’m asking everyone to take a few moments of their time to complete this brief survey so as to help our new friends out.  We need all the allies we can muster, and Young Invincibles is a great one to have!

Thank you for your continued support and dedication to the cause!  Let’s build upon our success and make 2012 a watershed year for student loan reform!

About/Demands

About/Demands

We did what we were told to do and “followed our dreams”, but we are now trapped by what was meant to be an investment in our futures, not a noose.

Obama’s recent student loan “reform” has done nothing for those in default, or those of us with private (bank-backed) loans through Sallie Mae, Citibank, and so on.

It is crucial for our politicians and media to understand the difference between federal and bank-backed loans when discussing the student loan crisis. Bank-backed loans have been stripped of consumer protections, such as deferment for the unemployed, fair debt collection practice requirements, or any meaningful options for lowering interest rates and monthly payments. There are no refinancing rights.

For example, Sallie Mae, America’s largest private lender, assigns low-income students variable interest rates of up to 25%. This is exploitation, pure and simple, sugarcoated in pamphlets distributed by our college financial aid offices.

Neither federal nor private loans can be discharged in bankruptcy, even for the disabled, whose Social Security checks can be garnished even when living below the poverty level.

(However, back child support payments and gambling debt can be discharged in bankruptcy, so in the eyes of the law, it is better to be a deadbeat parent who went wild in Vegas than a low-income student who tried to get an education.)

If we default, we cannot rent or buy homes, or even find jobs with the 60% of employers that check credit. Our professional licenses (i.e. nursing/teaching) can be revoked. And with the fees assigned to defaulted loans that double the amount owed, getting back on one’s feet is nearly impossible.

We could not all be mythical bootstraps college students. Tuition costs have risen 600% between 1980 and 2010. Wages, of course, did not keep up. The predatory for-profit student loan industry has lobbied Congress to strip away necessary consumer protections, allowing our debt to snowball out of control.

Lenders need to be held accountable for standing in the way of true reform that would actually assist struggling student debtors.

Congress, start caring about the younger generation and reenact the reforms you dissolved in 2005. It is in America’s best interest to be on our side, even if we don’t have Sallie Mae’s lobbying dollars.

For more information on how the predatory student loan industry profits from lack of consumer protections and pushing students into default, check out Default: the Student Loan Documentary and studentloanjustice.org.

If you’d like to sign Robert Applebaum’s petition calling for total student loan forgiveness, please go directly to his SignOn.org petition or visit forgivestudentloandebt.com.

Note: OccupyStudentDebt.com, launched on 10/29/11, is not affiliated in any way with the ill-conceived campaign urging borrowers to voluntarily default on their student loans that was launched in late November 2011.
We strongly advise anyone with student loan debt NOT to participate in this form of protest, especially given that the law, as currently written, allows lenders and collectors to profit from defaults.

Not only would voluntarily defaulting do nothing to solve the underlying problem of out-of-control student loan debt, but defaulting can result in any number of detrimental outcomes, including, but not limited to the consequences listed above.

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