January 2012
102 posts
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normal equals angry
Dear Rob, I read this email and immediately decided against the prospect of speaking up. However, for some reason I didn’t remove it from my inbox. My story is not one that concerns any extreme of rich or poor. The more I thought about this the more I realized my story is exactly what other students may want to hear. It may be what they need to hear. Where to begin? I was raised in a...
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Aging with Student debt
As of this writing I am 52 years old — the tail end of the baby boomers. College was never a topic of discussion growing up in my family and no one in my family had ever gone to college. During my early adult life I did exactly what I had learned to do, I married and became a homemaker. I was entirely oblivious to the big wide world of education, finance, politics, domestic violence, etc…....
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My Student Loan Story (updated)
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“A year after I entered college, there was a time when four of us children were...”
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Will You Stand With Stef? Tell Sallie Mae: Stop... →
Meet Stef Gray, a recent graduate of a public college who took out private student loans through Sallie Mae before the credit crunch. Despite her school’s relatively low tuition and her full-time job, she still needed the extra help in order to pay for rent, utilities, and groceries because her parents had passed away. Sallie Mae loaned her money with a 9.75 percent interest rate...
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Debt and Derferment Difficulties
My loan debt currently stands at about $70,000 after borrowing about $65,000 to pay for my undergraduate and Master’s degree. My 2 loan companies are National Education Servicing and Great Lakes, and almost all my loans have an interest rate of 6.8%.
However, my horror story has to do with the way the loan companies treated me during my attempt to get my loans deferred this past summer. ...
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A Librarian's Story
I owe $75,000 in student loan debt. This is for 4 years of college, and a dual masters degree. Unfortunately, because of the economy there are no positions that pay above $35,000 a year — and, again, that’s with 2 Masters’ degrees, and experience! I can not pay for my student loans and housing. I work for the public as a librarian, and make the same as I did as a receptionist...
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A Parent's Perspective
How things have changed. When my oldest went to college there was a lot of help from the school financially, and it was a private college! Then when the youngest went there was absolutely no help financially from the public school or our government except loans. What a difference.
So when our youngest went to school their was a big demand for her choice and it was supposed to grow in...
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Sallie Mae's 4 Star Outsourced Customer Service
I borrowed a total of $22,500 for law school. Law was not my first choice but I got a scholarship for part of the tuition. I got 7,500 each year for 3 years from 1990 to 1993.
By 2005 I had paid $44,860 to Sallie Mae. Sallie Mae says I still owe $62,400. I don’t know how this is possible. Or legal.
When I graduated in 1993, I believed I had 2 years grace period to repay my loan. I was...
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Aaron Calafato--Student Loan Debt-- Responsibility...
Thanks for reading. You can also view my youtube video:
http://www.youtube.com/watch?v=GkaA8qRc_eE&feature=BFa&list=UUXrJSnP_s2jdTJm1tATWhJw&lf=plcp
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 about the harassment we have both endured from private...
CollegeDebtReliefAction.com
Organize locally
Register to vote
Form concrete questions about the unfolding tragedy of the College Debt Crisis and put it forward to those who are running for office
Write to your senators and let them know what concerns you!
Talk to people and educate them about the College Debt Crisis
College Debt and Credit History
As a first step toward alleviating the burden of debt on the individual...
Buried
The original principal of my Student Loan: $7,500.00 ( I took three separate loans of $2,500.00 in the mid 80’s. When the Ford Foundation consolidated my loans in 2001, the balance had gone to $18,159.07. Now the balance is $29,288.08. Yep, $21,000.00 in interest. When I took my loans, I told the Financial Aid Officer that Id probably never be able to repay this. His reply? “Your...
Buried in Debt
I will be lucky to be buried all in one piece. I have attended an online university from my bachelor’s to my doctorate degree, to be completed this year. I came into this education with about 15,000 in student loans from previous education. Since then I have hit the government cap of 139,500 dollars borrowed. While I hope my education is worth it, I am finding that the job market does...
http://www.youtube.com/purrgrrl#p/u/27/kHCtlOvzAxU
I owe about $70K. Don’t know whether this is allowed, but I’d made a video about my own experience w/student loan debt. It’s embarrassing, but my life is ruined anyway, so I figured, what do I have to lose? When I suffer, I just turn that into art.
I get attacked by some people who accuse me of making the “wrong” choices or not working hard enough. In fact, I DID...
I am a parent of a son who signed up for the equivalent of a $200,000 30-year mortgage when he was 25 years old and had only a future education as collateral. No bank would give anyone else such a deal. He had been accepted to law school where nearly 50% of the students drop out or are asked to leave before graduation. How do they repay such a loan? Even if they can return the part...
I feel like I'm treading water
When I was taking loans out for college, I wasn’t thinking about how much I would owe or how difficult it would make my life after graduating. I was thinking about my diploma and my learning experience. I attended the school that I did because they offered what I thought was a good financial aid package, not realizing how much was left over to pay (my parents could not pay out of pocket,...
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Sallie Maehem: Practically Everything Wrong with...
Change.org petition and new video from #OccupyStudentDebt, OccupyStudentDebt.com
For immediate release
Tell Sallie Mae: Stop the Unemployment Penalty
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At Risk: America’s Poor During and After the Great... →
leadwithoutauthority:
This White Paper examines the impact of the Great Recession and its aftermath on poverty in America. Our focus is not only the well-being of the poor but the near poor and the “new poor,” the millions of families who are entering poverty because of the Great Recession’s terrible toll of long-term unemployment. The Paper examines the recent trends in poverty, nationally and...
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342 Credit Hours..$28K in Student Loans..Still No...
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Making it In America
ourtimeorg:
“How to make it in America” is more than just a mediocre show on HBO…it’s a question at the center of a serious issue concerning this country. A recent report in the NY Times says that the American Dream is basically dead. The poor stay poor and the rich get richer, but does it have to be like that? Can the government step in and create opportunity for the less privileged? We sure...
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End the Debt
I’d be amiss to recount my student debt story right away, though I will later. What I want to express now is my indignation at the status quo, in a place I once was willing to die for, these United States, that has entrenched itself through the obliterating power of a select few, a plutocracy, that has corrupted her leadership, killed her sons and daughters in unjustified conflicts abroad,...
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A Librarian's Story
I owe $75,000 in student loan debt. This is for 4 years of college, and a dual masters degree. Unfortunately, because of the economy there are no positions that pay above $35,000 a year — and, again, that’s with 2 Masters’ degrees, and experience! I can not pay for my student loans and housing. I work for the public as a librarian, and make the same as I did as a receptionist in 2000.
I’m...
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A Parent's Perspective
How things have changed. When my oldest went to college there was a lot of help from the school financially, and it was a private college! Then when the youngest went there was absolutely no help financially from the public school or our government except loans. What a difference.
So when our youngest went to school their was a big demand for her choice and it was supposed to grow in...
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Cost of college and high unemployment matters to... →
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