April 2012
53 posts
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My name is Martin and I stopped making payments to my student loans 5 months ago. I currently have $300K in student loans (started with 260K) from the various lenders listed below:
-Wells Fargo: ~128K
-Chase: ~ 48K
-Citizens Bank: ~99K
-SallieMae: ~25K
My phone, my brother’s phone, my dad’s phone, and everyone else related to me gets about 1 phone call every 2 hours....
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Musician with horrendous Student Loan
I am a full time musician who graduated in 1996 with an original student loan dept of $80,000 that since then has escalated to over $105,000. As you know, musicians do not make a lot of money as it is, but I never fully realized I would have to carry such a burden now, especially at the age of 45.
Anyone else blame their college financial aid...
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Mr. Samuel Pratt
I recently finished a degree program with initial goal for a PHD degree but settled for a second Master’s degree. I am up to my throat buried in student loan debt. I owe approximately 180K in Student Loan debt. I cannot come up with a job, even in the most minimal technical jobs. Yesterday, like most days, I got two rejection letters, nicely written, that though I am qualified, they have...
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Sallie Mae
What to do? Sallie Mae is taking me to “legal” now. They have cashed my little checks each month, but won’t put it towards the $150 that it costs to defer the loan. They can only accept one check to do that whether I have paid $150 already, but it was several payments and not on one check. Who else does this? Will my loans be forgiven if this law passes and I’m already in...
Middleclass American
I owed $52,000.00 (alot of interest)after garnishment I now owe $26,000.00 that has gone to a collection agency (NCO). I am now paying $256 monthly and I can’t buy a home (or rent a home in a good neighborhood) purchase a good vehicle because AES is still on my credit report ( i am being turned down when I apply for anything). Thank GOD I live 4 blocks from my job because I am a middleclass...
Never Ending Debt
At a very young age my parents, teachers, and guidance counselors have ingrained in my head that going to college was the “next step”after high school and what was expected of me.
Now here I am, 1 year out of school, with $120,000 worth of debt in a job with a mediocre salary. After half of each monthly paycheck goes directly toward paying loans I have the other to live off of.
The...
As Herman Cain says, "Blame Yo' Self!"
Stupid me, trying to go for some higher ed!
I owe $145k (now. It was $120 when I graduated)
I’ve got no job, no interest in practicing in the field I studied (counseling psych) and really, no prospects.
I can’t believe they’ll bail out criminals, but not us.
PS - My long term plan is to stay well below the poverty level so I never have to pay the loans back, yet not default....
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Becoming a Lawyer was the Worst Mistake of My Life
After attending community college to earn my AA, going to in-state schools for my BA and JD, my starting balance was approximately $180,000 when my payments came due. I had private loans totaling $50k that will wind up costing me at least $150k to pay back. And, of course, this doesn’t include the federal loans.
I was lucky enough to find a job upon graduation working for a tiny firm, but...
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Student Loans are a scam
I have been reading the argument on how people sign the contract and should be liable for their debt they are incurring from their student loans. How many actually read the document and how many were encouraged by television ads and other media or even friends and counselors at school that getting a higher education is the way to go. I realize now that higher education was a wonderful thing,...
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what do my student debts have to do with my...
Years ago I went to college to study accounting, and like millions of other Americans I took out loans to pay for it. A few years later I got a temporary job in the accounting department at Bain & Co., and after 6 months of reliable work I was thrilled to be offered a full-time position.
However, just a few weeks after starting in my new position the company fired me because my...
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Student Debt: Not Just For Losers
“I didn’t become a clerk right away because I had to work. I just had too much debt!…To this day it is one of the biggest regrets of my career.” I walked into the Supreme Court building today for a Phi Beta Kappa event, expecting to hear Supreme Court Justice Sonia Sotomayor give some non-answer-answers about things I would care little about. Instead, I encountered one of the most powerful...
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Global Montreal | Quebec tuition fee timeline
From Global Montreal:
An outline of tuition fee increases in Quebec from the 1970s to the present day.
1970-1985 Tuition fees: $500 1985 Tuition fees: $500 The Parti Quebecois wanted to increase student tuition fees by $47. The students threatened to strike and the PQ gave up their attempt. 1986 Tuition fees: $500 The Liberals proposed an increase in tuition fees...
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paying back these loans since 2008 and my...
I am 33 years old and currently have $25,000 worth of student loan debt. The majority of my student loans are private loans from Sallie Mae. I’ve been paying back these loans since 2008 and my principal balance has not decreased. It sucks the interest rates on student loans are so high.
The weight of student loan debt makes it harder for students to further their education and it’s a...
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I borrowed $70,000 and I now owe $92,000
I borrowed $70,000 total (federal and private). After a year of deferment due to not being able to find a job right away, I now owe $92,000. Wells Fargo almost didn’t let me defer. I make $29,000 annually. I’m a music teacher.
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AES/ Direct loan suck?
Outstanding Balance: $7,904.52 View Payoff Details Scheduled Payment $200.00 on 3/14/2012 Monthly Auto-Debit 108.67 on 9/28/2015 Last Payment:
$2,400.00 on 2/2/2024
Status:
Multiple
Benefits/Details View Loan Benefits and Details
I am paying and paying and paying, came from Poland, study English and Economics in Central Connecticut State University and I am not a deadbeat. I took...
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Loan companies wouldn't work with me
I tried to set up payment plans on my student loans, but they wanted astronomical down payments that I didn’t have. I let my loans default until they required wage garnishments. They take 15% of my salary. For a while I had two separate garnishments, one to Wells Fargo and another to Texas Guaranteed. Wells Fargo is now paid off. Now $622 comes out of my check monthly. I still owe...
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Private Student Loan Debt
I graduated from a local private college last May. I went back to school with elementary kids at home. I could not qualify for financial aid because my husband Makes $90,000.00 a year. Yes, that is a decent salary, but raising a family with so many fixed expenses in this economy is an obstacle. My tutition for this private college was $8,000.00 a semester. I also took out a little extra to...
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Please share this, re-tweet this, etc
At a time when young people should be planning their lives, many now are faced with inescapable lifelong student debt which sucks away most of their disposable income. Many in our generation wake up every morning and realize that we will never be able to afford a car, a home, health insurance, or even to start a family. The American Dream? Gone. Since 1978 college tuition has skyrocketed...
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Teetering on the edge of financial ruin.
Current balance, $175,000. Original Principle was $120,000. Administered by Sallie Mae and National Collegiate Trust (American Education Services) I imagine in the next few years it will be a quarter million.
I’ve never been able to touch the principle since i started paying. I struggled finding a job for 2 years after school, and my interest skyrocketed during forbearance and deferment.
...
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Sallie Mae, can you hear us now?
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$80,000 of student debt. How about you?
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Follow us on TWITTER
——»> @OWSstudentDebt
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Sallie Mae: Forgive Student Debt
In 2010 something unthinkable happened – student debt surpassed credit card debt as the largest form of debt in this country, passing $800 billion dollars. In 2012 more history will be made as the amount of unpaid student debt climbs to $1 trillion dollars, with an additional $1 million dollars added to that number every 6 minutes. The ripple effect that this...
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Ever met someone who likes paying more than twice...
…but we’re not rich, by any means.
I completed a BA and later an MA in English, and my loans totaled $42,000 when I graduated with my MA in 2008.
Undergrad loans: $28,000 original balance when consolidated (at 6.0% fixed) to a graduated repayment program in 2001. I knew when I signed the paperwork that I would eventually pay more than TWICE what I borrowed over the course of the 25...
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Does YOUR representative support Hansen Clarke's...
Does YOUR representative support Hansen Clarke’s Student Loan Forgiveness Act of 2012 (H.R. 4170)??? http://www.change.org/petitions/rep-mike-mcintyre-support-the-student-loan-forgiveness-act-of-2012-hr-4170
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