November 2011
265 posts
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I'm being scammed by SDL/student loan servcies,...
I am an older student (over 35), a parent/foster mom and meticulous with student loans, only $8,500 total in 6 years of school. Since leaving school, I had all my payments to 1 California university campus “stolen” by a third party, a politician and his party headquarters, and for that my loan payments to date at that university were disallowed for my trouble. After that, Student...
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willing...
we are willing to pay our student debt. we are willing to pay our credit debt. we need better income. hey remember, you who are the political and financial elite when you posed to us the question in the form of a patronizing assurance. we are the smart ones. we can manage your wealth and create jobs. so since before we were born. we have needed a job with good income so we can pay our debts...
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Borrowed $45,455 currently owe $47,401
My minimum monthly payment for my federal loan is $202.46. I originally borrowed $17,625, I owe $16,740. Its actually 5 loans with an average interest rate of 6.4% borrowed from Jan ‘07-Aug ‘09. I’ve been paying this loan on time every month since Aug ‘10. That’s $3,036.90 paid, with $2,151.90 going to interest.
My minimum monthly payment on my private loan is...
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A Miracle at the Time
I came off the streets in 1998 to start college as a biblical studies major. It was a private school and so was the grad school at which I studied theology later. All told, that put me $100K+ in debt. I have an interview with video rental store for a part-time job in 12 hours. My loans were through Nelnet and Sallie Mae but I’ve consolidated them under Direct Loans. I need a miracle.
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Indentured servitude in New York State USA
For a 10,000 $ loan I have paid over 25,000 $, and still owe 35,000 $. These predatory lending practices are criminal. I am garnished on an unlivable wage, will pay till I die, for a useless worthless degree from a state college. The government is complicit in the act. My monthly interest is over 50% of my payment- if I live till 80 and keep working I will have paid then off, no chance for a house...
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40k in debt, and what do I get?
Student debt is the biggest reason why Americans can’t use the resources that have been stockpiled for decades. By that I mean our educational system. I have now paid more for two years at WSU (Wichita State) than I did in four quarters at the University of Washington Seattle. The rising cost of tuition and the BS scam to give out loans that the DoE knows will never get paid back is...
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Debt-free, but still an ally.
I’m debt free - because I was lucky. I had a grandmother who had set up a college account for me. I had a decent-paying job with flexible hours. My mom let me live with her until after I graduated, and her health insurance covered me since I was a student. I didn’t even need a student loan.
Unfortunately, most people do not have all of these luxuries, and if you think it’s okay...
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TRAPPED and drowning in debt.
I honestly don’t even want to figure out how much I’ve paid and how much I owe in total (multiple loans). I do know that I have never defaulted, and owe MUCH more than what I borrowed. I make my minimum payment (on just one of my SALLIE MAE loans) and the total amount still GROWS every month. This is absurd - I even have a cosigner so my interest rates aren’t as bad as many other...
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Forgive student loans!
Amount borrowed: $27, 500
Amount repaid: $31,200
Amount I still owe: $19,688.87
My loans were consolidated in 2001, sold to Citibank in 2003, and just recently sold to Sallie Mae.
My interest rate: 8.00%
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Buried Alive with Student Loan Debt
I borrowed $32,000 12 years ago and have paid back $45,000 and still owe $30,000
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I uploaded this before but the picture looks distorted, so I’m giving it another try.
Why?
Please tell me why it takes a life time to pay off $30,000 in student loans, but only 5 years to pay off the same amount for a new car and the car loan always has higher interest rates? Go figure!
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How the hell I'm supposed to pay?
Got a Masters from CUNY, a “Public” University
$50,000 student debt
2 Part Time jobs = No benefits
No health insurance
just got HOMELESS with 2 kids … and not knowing how I will be able to rent again when I finally get to save some money, as my credit is going to be damaged with the defaulted student loan…
This is fucked up!
CUNY: How can we call it a...
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college + sallie mae = poverty
Like millions of young people I saw college as an opportunity to get a career in the field I loved. But when faced with the enormous price of attending college I had no choice but to take out student loans.
At the time I wasn’t worried about details like interest rates, penalties..etc. and was not warned by anyone - especially college loan advisors of the sometimes lifelong commitment they...
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We want to set up an Occupy Bank
screwed into student loans, without an education
My husbands final quarter of college, we decided to take a student loan, 9k, so that it would give us enough to move so he could start his career, and give us living expenses in the time he was out of school until he found work (since part of our living expenses came from his quarterly financial aid and we wouldn’t have that once he was out). I was a co-signed on this loan, no problem since...
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Thursday, November 17, 2023
My student loans…
April 2004: borrowed $60,974 (private loan $45,974, federal loans $15,000)
Sallie Mae purchased all my student loans just prior to graduation.
I owe Sallie Mae $139,511.73: principal + interest + late fees + other charges
Private student loan balance is $81,589.15 @ 13.125%.
Federal student loans total $14,768.73 @...
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From the Harvard Crimson
I wasn’t sure how to get this to you so I’ve submitted it here :)
This was the most fascinating article concerning student loans and what one Harvard student believes we can do to eliminate them.
http://www.thecrimson.com/article/2011/11/16/abolish-tuition-proposal/
It’s really good.
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I owe $100,000 and refuse to pay, not one cent,...
I went back to school in 1999 to earn a law degree. I initially agreed to student loans, expecting to be able to repay while practicing law. But shortly after graduating, I was shot three times and left for dead. I survived, but since had no health care and was unable to work at all, I had to live off my savings, and was unable to take the bar exam, or even afford a bar review course. I had to...
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Used Forbearance and Deferment Options, Never...
No undergraduate debt.
Borrowed 65K fifteen years ago for a law degree. Received acceptance letters to many but chose the one school that was the cheapest. Only used the loan money for tuition and fees. Books were paid for on a small grant.
At graduation the debt grew to 75K (unsubsidized loans).
Since graduation I have paid back 55K.
Today I owe over 100K with no employment prospects.
These...
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The Consumer Financial Protection Bureau is...
I just want to let you know that the Consumer Financial Protection Bureau is looking for your comments on private student loans and your experiences.
http://www.consumerfinance.gov/chime-in-on-private-student-loans/Email: CFPB_StudentsFedReg@cfpb.gov
Refer to: Docket No. CFPB-2011-0037 NOTE: DO NOT SEND PRIVATE INFO, it will be PUBLIC RECORD
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Newsday reporter wants to interview college grads...
I am writing a story about the crushing student-loan debt and the lousy job market recent college grads from Long Island are dealing with. Can you pass along my request? I need to speak with people to help readers see through the eyes of grads what they are facing. you can reach me at 631-843-2791 or carrie.mason-draffen@newsday.com. Twitter: @newsgirlie.
Thanks.
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Suckit Sallie
I was one of those kids who always pushed hard and dreamed big. I skipped a grade, was in all the right AP classes, one of 2 or 3 black student on the honor roll, and went out of state for college @ 17 and had no doubts I would make it in life. I used the government and Sallie Mae to make it through grad school within 6 years, and expected to be somewhere way different than where I am...
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I owe close to 90,000 in loans. I have four lenders I pay. Two of them are private: Chase and Wells Fargo. I only make 12.50 an hour and have been trying to work with wells fargo to reduce my monthly payment so I can afford to pay my other bills. I was on the interest only plan and they stopped that. Now I have no choice but to pay the full amount which I can barely afford on top of everything...
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I cannot afford kids, the payment is 24% of my...
I graduated in August 2010. I have made all 9 scheduled payments on time so far.
Original balance: $72,688.16
Current balance: $70,980.43
Monthly payment: $833.90
The monthly payment is 24% of my take-home pay. I worry whenever I buy food or clothes. I know that I cannot afford children, so I do not plan to have any, EVER. Whenever I get an extra penny I put it directly on my student loans...
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Is there any hope?
Like many, thought I was doing the right thing by going to school for my Bachelor’s. Thought I would graduate with reasonable debt that would be easy to pay off. At 18, I had no education in credit and debt, so I started taking on loans and even got some co-signed by my parents. After graduating, I was almost 100k deep. 4 years later, even with monthly repayments, I’m over 100k in...
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Treading in the the deep and murky Student Debt...
How am I supposed to help my son pay for his education when I will still be paying for my own well after he enters college?
FREE FALLING
AMOUNT BORROWED 12,500 AMOUNT OWED 38,000
UNBELIEVABLE NEARLY TRIPLING OF DEBT IN 13 YEARS
STILL CAN NOT FIGURE OUT HOW THIS TOOK PLACE….FEEL LIKE IVE BEEN CHARGED DOUBLE FOR LOANS DURING A CONSOLIDATION…..ILL NEVER GET THIS PAID OFF AT THIS POINT IT JUST KEEP GROWING EXPONENTIALLY….I’VE GIVEN UP AS I FEEL ALL MY PREVIOUS PAYMENTS HAVE BEEN POINTLESS THEY HAVE BEEN...
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My struggle with Student Loans
To all the people who struggle with student loans:
Today I write this blog to let people now the day to day struggle I have with student loans. I went to college with hopes and dreams of graduating getting a job, buying a home and starting a family. However, I was no fortunate enough to pay college with out student loans though Sallie Mae. I had to take out my entire 4 year tuition through...
The Consumer Financial Protection Bureau wants YOU... →
“Today, we’re launching another student loan initiative with the Department of Education, and we want your input. The CFPB has published a Notice and Request for Information Regarding Private Education Loans and Private Educational Lenders in the Federal Register. The title may be a mouthful, but the reality is simple: we need public input on important questions about private student loans....
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My video about student loan debt
I made a video about my experience and included it in my documentary about homelessness. It’s embarrassing to admit to having this debt, but I was in so much pain from my financial struggles that I decided I needed to turn that into art, into something productive, i.e., maybe there are others out there like me who are suffering and who might be helped by it. Here’s a link:...
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Paid Off Nearly $40,000 in Cash When That Could...
Coming out of graduate school in 2008 I owed about $120,000 in student loans. Little did I know that the global economy would take a hit and it would take me about a year and a half to find a job even with an ivy league degree.
Eventually I found a contract assignment outside of my field. Wanting to reduce the amount of interest I would pay, I have paid off nearly $40,000 in cash to reduce my...
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Borrowed 17.. Repayment will now cost me $94k.
It was 1991. I began my undergraduate degree at a university in a good field. Four years into my degree, I was the victim of a crime - one which put 3 men in prison; and propelled me into years of rehab and treatment for the results. My degree completed much later, my loan “capitalized” in my absent while long forebearance - and at that time, talk of some sort of forgiveness of...
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Five Years Ago and Now
Student Debt I had upon completing BA and MBA with loan from Sallie Mae: $50k
Student Debt I have FIVE YEARS LATER: $51K
Amount I pay each month and which can’t afford any more at my salary: $475 (all of it towards interest)
It’s ridiculous that Sallie Mae won’t refinance my loan, which at 7.5% is double the interest amount I have in my mortgage.
I’ve been faithfully...
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I borrowed $20,000
I now owe $53,150.47
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I borrowed $7,000 and now owe $30,000
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Student loansharks
I took out a student loan in 1991 to attend graduate school at the University of Georgia. I wanted to be a teacher (first mistake). I was full of ideals and passion for the profession and thought I could make a difference. But I did not have the money to pay for it and found that student loans would work well.
I borrowed, in total, $42,000.00 for a Master’s of English Education. Funny...
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The $200,000.00 Question Is?
The state of our education system is in dire straights. We have encouraged our youth and society as a whole to go forth and get an education and the Great America Dream will be theirs—-WRONG
The promise of a better quality of life through education has been promised and TAKEN-Student Loan Debt has created an astounding diminution in the American Dream. The debt has created an atmosphere in...
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Occupy Student Debt
#occupystudentdebt