Dawn Merchant
Dawn Merchant

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

Muhammad Umar
Muhammad Umar
  • Dawn Merchant

what is your college or University ?

Ken Manthe
Ken Manthe

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!

Tricia Hedahl
Tricia Hedahl
  • Ken Manthe

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.

Bruce Emmett
Bruce Emmett
  • Ken Manthe

Great grammar Ken, glad to see you paid so much for your education?!?

Dan Lapensee
Dan Lapensee
  • Ken Manthe

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.

Cindy Ruszala
Cindy Ruszala
  • Ken Manthe

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.

Stephanie Fisher
Stephanie Fisher
  • Ken Manthe

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! >:(

Steve MacIntyre
Steve MacIntyre
  • Ken Manthe

Where were you when we gave trillions of dollars to Goldman Sachs?

Keith Charbonneau
Keith Charbonneau
  • Ken Manthe

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.

Lewis Vaughn
Lewis Vaughn
  • Ken Manthe

You didn't understand the math when you took out the loans?

Ken Manthe
Ken Manthe
  • Ken Manthe

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.

Ken Manthe
Ken Manthe
  • Ken Manthe

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!

Tobias D. Harrison
Tobias D. Harrison

Being an older guy I can't fathom how younger grads can get a foothold on life with the outrageous fees tacked onto student loans with no help in relief. How can we further our country via education when it takes half a lifetime to pay them off,

Lisa Payne
Lisa Payne
  • Tobias D. Harrison

Being an older person who tried to go back to school to get a better job for myself and my son, I have estimated at the rate I can afford to pay, it will take me 28 years to repay my loans... and I can't even use what I learned! No experience. <sigh>

Jimmy Needham
Jimmy Needham
  • Tobias D. Harrison

I went back to school and I refuse to have such a defeatist attitude about it. I am going to graduate, do my best to pay off my loans before I die, and, If I do not, the government can prop my stuffed body up and charge five cents a pop to view me until the debt is paid. what are they going to do? Put us all in debtors prison? They would have to turn the entire country into a penal colony.

Victor Tweed
Victor Tweed

I went to a private school because I thought I was going to get a good education. I've been out of school a while and had some money saved so I decided to go back to help improve my status in life. Well, I blew $40K of my money, $40K of Federal Student Loan money and had to borrow from private banks another $40K just to finish. I'm now unemployed because no one will hire me because the school I went to didn't actually teach me any marketable skills. I had to go to grad school to actually...

I went to a private school because I thought I was going to get a good education. I've been out of school a while and had some money saved so I decided to go back to help improve my status in life. Well, I blew $40K of my money, $40K of Federal Student Loan money and had to borrow from private banks another $40K just to finish. I'm now unemployed because no one will hire me because the school I went to didn't actually teach me any marketable skills. I had to go to grad school to actually accomplish anything which I couldn't afford and now can't because my private loans defaulted because they wouldn't defer them until I could find a job. I've deferred my federal loans until I can actually pay them but the private loans would not defer because they're not bound by the same rules as federal loans. Now my credit is destroyed which pretty much eliminates the possibility of me getting a good job because they check your credit and won't hire you with bad credit. I also lost my car and live in rural PA so I can't even commute to a job. I'm screwed for life. All I have now is a piece of paper from an Ivy League school and less than nothing to show for it.

Margaret Elliott
Margaret Elliott
  • Victor Tweed

Those Ivy League schools should guarantee a job if they will guarantee the loan. Technical Schools do and they don't charge that much. I am so sorry to hear your predicament and I hope there will be hope yet in your near future

Victor Tweed
Victor Tweed
  • Victor Tweed

I discovered my mistake halfway through but, thought it would be better to finish and have SOMETHING to show for my effort and $50K I'd already spent. At that point I thought I would still be ok because at least I would get an Ivy League degree. I didn't find out the reality that Ivy League degrees are for show and a lot of places won't even interview you from and Ivy League school unless you have an advanced degree. A lot of places won't hire me BECAUSE I have an Ivy League degree...

I discovered my mistake halfway through but, thought it would be better to finish and have SOMETHING to show for my effort and $50K I'd already spent. At that point I thought I would still be ok because at least I would get an Ivy League degree. I didn't find out the reality that Ivy League degrees are for show and a lot of places won't even interview you from and Ivy League school unless you have an advanced degree. A lot of places won't hire me BECAUSE I have an Ivy League degree because I'm considered overqualified and they're afraid I'll just quit when I find a better job. I fared better when I had no degree. I had $40K in the bank, a decent job, and a great apartment in NYC. Then my job was off-shored to India and I decided to take that opportunity to finish my degree so I could become more marketable. It was the worst mistake of my life from which I will never recover.

Jamie Prescott
Jamie Prescott

Great cause but if 9,000 people each get 10 others to sign up and your goal is 100,000.......I believe you won't quite get there.

Darline Spencer
Darline Spencer

Sally Mae Board of directors perform inside trading on a daily bases anit are paid millions yearly in compnsation beyong the base pay. I fail to see how Sally Mae is able to profit from our debt beyond a salary position and then be allowed to open and own collection agency's directly linked to Sally Mae. THey are doing what Bank of America did with home mortgages. Bunching the student loans and selling them off as commodities. And once thye make the profits and buy back the loans they will...

Sally Mae Board of directors perform inside trading on a daily bases anit are paid millions yearly in compnsation beyong the base pay. I fail to see how Sally Mae is able to profit from our debt beyond a salary position and then be allowed to open and own collection agency's directly linked to Sally Mae. THey are doing what Bank of America did with home mortgages. Bunching the student loans and selling them off as commodities. And once thye make the profits and buy back the loans they will file for a bail out stating no one has paid the loans they owe. What a mess.. P.S the are all insured under FDIC sothe minute you default they double dip with insurance claims.

Diane Willingham
Diane Willingham

Sorry, but I cannot sign this. I am a firm believer that when a person willingly signs a piece of paper agreeing to accept money and then repay it, along with interest, because the lender no longer gets to use their money, they don't get to change their minds later when the painful reality of debt hits.

Hung John
Hung John

Even after you graduated College and University, you will be working to pay for your 4(maybe more) years debt!
(And the amount is a lot , take one year multiply to your years of attending).

Darleen Rusnak
Darleen Rusnak

Dawn, how much debt do you think the professors have? My daughter has a doctorate and take my word for it, she is not paid too much! She will never get her debt paid off.

Sue Boyle
Sue Boyle

They need to work with individuals based on what a person is actually making, not what they should be making.

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