Not sure why this isn't getting more play. Colleges and Universities are basically taking advantage of the poorer students and writing off their losses regularly while breaking down students who have to pay and pay and pay after graduating. THere is a trememdous discrepency here. SO?
It's not just higher education taking advantage: it is also Sallie Mae, the US govt., the collection agencies, the "credit repair" people, the lenders, the sub-lenders, the people that collections hire to find debtors, and the list goes on and on
The reality is this country is heading down facist lane in a fast and furious fashion. The ruling class could not possibly care less about students. Stop being poilite about this and get into the friggin streets and show some spunk like we did in the sixties.
I agree - tell me where to start, Joe! We are organizing... want to help?
Yeah, remember thousands of us out there protesting against the Vietnam war, and now where is everyone? Sooner or later there is going to be chaos; people are getting fed up with seeing the corruption in our civil servants, CEO's paying minimum wage and raking in millions for themselves, etc., I could go on and on. People need to stop being SHEEP, do some critical thinking and start writing letters to local, state reps., just DO SOMETHING.
You borrowed the money, you spent the money, you should pay it back.
I suggest you educate yourself: http://www.studentloanjustice.org/argument.htm . Spouting advice that everyone agrees with does nothing to solve our problem.
Circumstances beyond my control interfered with my ability to pay back my loans. Research the evidence before making ignorant judgments.
The bankruptcy law was rewritten by Bush, and the republicans in 2005 to benefit credit card companies, and other corporations, a company can declare bankruptcy, and void all union contracts etc, but a common person cannot write off a student loan.
how about some help for those of us caught in the bank's student loan rip off schemes!!!!!!
I am currently seeking legal relief from Sallie Mae, they send letters to my house demanding I write checks to re-pay them in full [nearly 30,000 USD] or else.... they have made my life a living hell since graduating from college in 2008 and have yet to help me. Ignoring years of my attempts to negotiate a payment I can make on my measly salary BELOW THE POVERTY LINE! It has to stop! They have destroyed my credit and harassed me for years PLEASE HELP!
We really should just sue them all for fraud, RICO, 14th amendment and 1st amendment, non-accountability for not enforcing the few existing laws there are, standard consumer protections (a whole list of them, not just bankruptcy).
I paid 5 dollars to promote this petition on facebook hopefully this helps Lord knows we all need it.
I've paid off my credit cards and all 3 credit scores are over 730 and I can't even get my own car loan due to my student debt. I work 2 jobs and I'm looking for a 3 one just to keep my head above water. I really need help. Millions of people need help.
Hi Alan, I was told by the Fed. Student Loans, Sallie Mae, that I did not qualify for IBR because I was only working part time. I explained to Sallie Mae, after I had to practically yell to get the woman to listen, that I was hire full time but because of medical conditions I could only work part time right now. She put my loans in defferment. This still doesn't help in the long run it merely delays the pain.
and increases your principal, therefore your payback
This should NEVER have been removed in the FIRST place! While Congress achieves very little, the things it does push through often do little for "the People" and more for large corporations!