Comments for Student Loan Stories

Comment on Student Sells Sex – To Professor – To Pay for Tuition by Joe

Joe — Wed, 31 Dec 2008 05:11:58 +0000

Wow…

That’s desperation (on so many levels). I wonder how many other students are considering untoward acts in order to pay for college…

Comment on Arne Duncan is Obama’s Choice for Secretary of Education by Mark C Brown

Mark C Brown — Tue, 16 Dec 2008 10:50:52 +0000

First of all his assurances, was to remove or eliminate the Federal Educational Loan program and alternatively provide a fully refundable tax credit of $4,000 for college students and families, immediately on his assuming office. Good to hear! Just wondering on the likelihood of the assured scenarios!

Comment on Who Will be Obama’s Secretary of Education? by Arne Duncan is Obama’s Choice for Secretary of Education « Student Loan Stories

Tue, 16 Dec 2008 05:04:35 +0000

[...] I’m a little disappointed. I was hoping, in spite of indications to the contrary, that Obama would appoint someone whose major focus was reforming higher education. I did find [...]

Comment on Is College Still Cost-Effective? by collegeloanconsultant

collegeloanconsultant — Mon, 15 Dec 2008 12:28:27 +0000

Students who realize that they cannot afford to pay back huge amounts of loans will gravitate towards fields in which loan forgiveness is possible. Most states have loan forgiveness programs for needed occupations (even law). state college loans

Comment on Student Loan Defaults on the Rise – Let’s go to Vegas! by Linda

Linda — Wed, 03 Dec 2008 17:08:54 +0000

Isn’t the student loan program an early bailout that never ended? Isn’t it a debacle? It creates a vicious cycle where schools keep raising their tuition because the students keep being able to pay it through loans. And if graduates don’t get a high paying job in the very first year after graduation, they’re screwed because of the interest compounded.

We have been robbed of our futures. And the market can’t even correct this because the powers granted to the Dept. of Education are absolute. So, isn’t this the program that drove us to no money down on houses because we couldn’t save up for retirement while saving up for the downpayment on a house while paying the student loan bill? If you’re earning $100,000 a year with $1,000 in student loan payments, you still feel you should have a house that matches that income. The mortgage companies certainly thought so.

Added to the mortgage and school loan payments is the doctor bill to pay for the birth of your child. So we can’t get sick because that would be another bill. And luxuries? Are you kidding? Why is it so hard to dispell the myth created that people were living large and not paying their student loans? Why are we so silent about the thing that is killing this nation’s prospects, creativity, and thus potential?

Why can’t we restore the bankruptcy protections so that distressed graduates have something left to create a small business without asking for an additional government handout. Isn’t the government losing money on the income contingent plans anyway? And do the people in those plans realize how much income tax they will have to pay at the end when they retire?

We are so screwed. This program is a debacle and we’re still supporting it. Only a small number of people benefit from this program while millions are bankrupted and/or wearing themselves out trying to work two jobs; thus, taking away one job from another desperate person. What a hideous and embarrassing cycle that is so easy to end.

Comment on Student Loan Debtors Running Out of Consolidation Options by Student Loan Defaults on the Rise - Let’s go to Vegas! « Student Loan Stories

Tue, 02 Dec 2008 01:47:25 +0000

[...] a deferment or forebearance. As for refinancing, it’s been widely reported, including on this blog, that the current credit crunch has drastically restricted that possibility. And all of these [...]

Comment on Student Loan Collection Agency to Add 300 Jobs by Sallie Mae to Open a New Branch in Delaware « Student Loan Stories

Sallie Mae to Open a New Branch in Delaware « Student Loan Stories — Sat, 22 Nov 2008 09:03:28 +0000

[...] about 1100 jobs. Premiere Credit, which specializes in collecting on delinquent loans, also recently announced plans to open a new location, expected to create 300 [...]

Comment on Barack Obama Talks Student Loans with a Real Live Student! by Mara

Mara — Fri, 21 Nov 2008 06:37:46 +0000

Hey, thanks for the mention of the Financial Aid Finder! Glad you liked the video — I agree with you that it bodes well

Comment on Bankruptcies on the Rise…But Student Loans Still Not in the Mix by Forgetting Student Loans in the Bankruptcy Mix « JerseySmarts.com

Forgetting Student Loans in the Bankruptcy Mix « JerseySmarts.com — Thu, 20 Nov 2008 21:54:43 +0000

[...] a sort of student loan guru I just wanted to remind the big student loan borrowers out there that student loans are not eligible to be wiped away in bankruptcy [...]

Comment on Students Protest Student Loan Debt by 4students

4students — Tue, 18 Nov 2008 19:28:33 +0000

Another option for change. http://www.buzzfund.com
Philanthropy is one of America’s cherished traits. Now technology is providing a way for donors to connect directly with students in need.