Yeah baby, agreed. Those spoiled rich kids use to say "D is for Diplomia". While I worked full time & had to maintain my GPA to keep my scholar ships. Interest is just a nano bite embedded into the system. They've to keep feeding the beast so the wealthly can just eliminate the
what is your college or University ?
Where is the petition? Do these people even know the definition of the work?
If you want an education, prepare to pay the price! Quit your whining. There are no free-bees!
Forgive me for judging, but by your picture I'd guess that you would have attended college in the 80's at latest when many loans were simply forgiven and real-dollar costs were about 1/3-1/4 of today's costs. So, easy for you to say, right? The burden on students is much higher than in the past and jobs are scarce. This petition isn't about working hard or not. Its about interest rates and their burden on grads.
Great grammar Ken, glad to see you paid so much for your education?!?
When you don't have an intelligent response attack the poster and/or his grammar? Just remember the old adage, Bruce, about people who live in glass houses.
I am a Family Practice Physician, and I work hard. I have over > $150,000 in debt. With time and the high interest rates, it will nearly double by the time I pay it off- which is still 25 years from now and I've been paying for 10 years. I will gladly pay back WHAT I was loaned, but double? That's ridiculous! Pay the price? I'll be paying my loans until I retire, I believe that's too high of a price.
I received an education and have been working 2 jobs to barely make ends meet with my 4 year degree that includes payments of more than 50% of my monthly income. I would appreciate if you wouldn't categorize everyone who is trying to get some relief as lazy and not wanting to work hard to pay off their loans...I have worked my ass off since leaving college (60-80 hours a week) just to barely get by and pay off these loans! I get that you need to pay for an education, but this isn't about...
I received an education and have been working 2 jobs to barely make ends meet with my 4 year degree that includes payments of more than 50% of my monthly income. I would appreciate if you wouldn't categorize everyone who is trying to get some relief as lazy and not wanting to work hard to pay off their loans...I have worked my ass off since leaving college (60-80 hours a week) just to barely get by and pay off these loans! I get that you need to pay for an education, but this isn't about not wanting to pay for it. It's about a payment that is so astronomical my paycheck barely pays the bills. So maybe you should be more informed before making such a rude comment. I'd like to see you step in my shoes for a month and see how you feel at the end of it! >:(
Where were you when we gave trillions of dollars to Goldman Sachs?
Hey Ken this is about the outrageous rates banks charge on student loans. Not about not having to pay them back. And I bet Tricia was right in saying what she said. I bet you went to school before the 80's. And I wonder, if you ever did go to school, or not, and if you did, did you repay your student loans. Because up until the 80's people could default on their loans and not have to pay them back. Which is why they put into place all sorts of new laws like, garnishing your wages, social...
Hey Ken this is about the outrageous rates banks charge on student loans. Not about not having to pay them back. And I bet Tricia was right in saying what she said. I bet you went to school before the 80's. And I wonder, if you ever did go to school, or not, and if you did, did you repay your student loans. Because up until the 80's people could default on their loans and not have to pay them back. Which is why they put into place all sorts of new laws like, garnishing your wages, social security payments, and not being able to put them into bankruptcy. Today you can't do that and they have the right to charge you outrageous interest rates on your loans. Most loans are variable rates and can be higher than 10%. I took out $69,000 to go to school for 3yrs and by the time I left school I had already accrued $30,000 in interest. They should do like in Canada. Charge a low rate like 3.5% and not allow any interest to be compounded until after you've finished school so that if you pay any of it back while in school, it goes all to the principal borrowed amount and not to interest. And what cracks me up about the dumb laws they passed. If you do pay any amount back on your loans while still in school, the interest is not tax deductible.. Talk about stupidity.. It's almost like telling a home owner that, if they live in the house that mortgaged the interest in not tax deductible.
You didn't understand the math when you took out the loans?
I went to a short term technical school then went to college while working a paying job while paying off the first school loan. I spread the education out over time and built up experience that made it easier to land the profession that I went into.
The whole idea of borrowing mountains of money to get the best education you can all at once, then trying to get a job that earns plenty to pay off the loans is short sited, naive and does not make sense in this economy and job market. Take your lumps, work hard, and things will work out. It just takes time!
Beyond student loan negotiations, We need to provide free college education to all citizens of the U.S.A.
I was told my payments would be $50 a month but instead I am getting charged $500! That is about 35% of my monthly pay!
Maybe we should review this for a minute - we bail out out a bunch of assholes that bankrupted America and give their greedy Criminal leaders bonuses for doing it: meanwhile, the future of our country is strapped with a trillion dollar student loan debt. What the fuck is wrong with this picture?
Ok, so the major banks have paid back their loans and interest. My guess is that any of the students who owe loans could have made some money with a million foreclosed homes and an 800 billion dollar bailout. Is this really rocket science?
Education is not supposed to be just for the wealthy, but that is how America has been treating education for more than a decade now. How great can a country claim to be if it systematically cripples its own citizens? What happened to our "unalienable rights" and freedom and justice for ALL, not just those that can afford it?
It's sad you cant get a education without being in dedt..
It us a shame I will lose my house here in a few months, and cannot even attempt to pay on loans!!! I wish there was a program to help pay these down, even a portion, esp for those in public service...Maybe if politicians took a paycut like everyone else has, someone could get help by programs to help offset these loans...
There are actually programs for loan forgiveness for anyone who works in public service and has federal student loans...check out the Public Service Loan Forgiveness plan :)
It is loan sharking at the worst...Mafia's didn't charge this much for interest...I regret taking out a school loan...thought it would be easy to pay back...what a fool I was...when I graduated in 1988. I was making $5.00 a hour with a degree...kept using deferment to help out...I'm still paying on it and it was $11,000in the beginning, I've paid over $17,000 and now I still owe $22,000...damn, still can't figure it out...I'll still be paying it out of my Social Security check when I retire...
At the very least we should be able to refinance. I consolidated my loans at 7.5% many years ago and that was the one chance they give you for refi. I'm 15 years out of grad school and don't think I've put a dent in what I owe!