Posts tagged student loans
Posts tagged student loans
The first birthday wish I’ve received on my 30th birthday is this delightful message from my student loan company.
I bet they hope I have a great year. I owe them a shitload of money. It’s like getting a Hallmark card from a loan shark. “Hey, uh any money you get for birthday? Why don’t you send it on along our way, sweetheart? Here’s a cute cupcake as a reminder.”
Screw being an adult and 30, I’m becoming a cat instead.
That awkward moment when you look at your college degree and you wonder if it was actually worth all that time, blood, sweat, tears, but especially money.
It started at 8:01 AM and ended at 8:51 PM. For fuck’s sake… everything’s current, but they’re just reminding me about upcoming payments and offering to schedule it over the phone for a fee.
This shit is ridiculous.
Yeah, but instead of signing away your voice for a dude, you’re signing away your your future paychecks for a piece of paper that theoretically qualifies you for said paycheck.
Of course, when you’re drowning in student loan debt, you have absolutely no right to speak up because you took out those loans dammit, and it’s not like credentialism and economic inequality, coupled with rising higher ed costs had anything to do with your choice because reasons and bootstraps. And a crippling recession that has you competing with a whole different class of older, experienced, more educated workers for entry level jobs, well, them’s the breaks, kid. Also, the depressed wages of the bottom 80% of Americans definitely didn’t influence your inability to pay on this debt with a higher interest rate than what the big banks pay for their bailouts. Nope. Not at all.
In a sick way, I suppose you’re signing away your voice in order to place a bet on a rigged roulette wheel overseen by plutocrats drunk on crony capitalism, who, while on an epic bender with the political class, managed to socialize the house’s risk and privatize its profits. Sorry, plebes.
At least the eternity part is 100% correct. Sallie Mae will follow you to the grave. Shit, they’d probably put a lien on your headstone and the plot in which you are buried.
I feel like this is something for which I must opt in, not opt out. The five phone calls a day aren’t enough? And if a person pays for texts, that is not a free message.
Before anyone asks, I replied stop. And I’ve asked numerous times for them to communicate by mail.
This is not mail, Sallie Mae. Fail.
Sallie Mae has done this nearly every single day for three weeks even though I faxed them enrollment verification for in-school deferment. Supposedly, it’s being processed. In other words, I don’t owe ‘til I drop out or graduate. You don’t get to blow my phone up all day because you’re incapable of processing a two-page fax in a timely fashion.
But as one rep explained, “It’s not harassment because you, like, owe money.”
Uh-huh. Google Sallie Mae’s history of hounding people until they pay – legitimately or not. And this is why you never, ever take out private student loans.
You know what would help stimulate the economy? Forgive student loan debt. Or at least let us go through some kind of modification.
Things like this exist in America, where you’re apparently nothing without a degree, and getting said degree costs you everything. Meanwhile, I keep telling them to process the paper and they promise to quit calling if I just give them a payment, y’know, just while we’re waiting on that deferment to process.
Loan sharking, kids. That’s pretty much what this is.
Mitt Romney claiming Americans should be able to achieve their dreams, just as long as they have the “right values” and the ability to afford it.
Yes, Mitt. Do tell us what “right values” you mean.
In other news, Congress passed a bill to keep student loan rates from doubling, plus an oft-spiked transportation bill that will keep millions working, and which did not include the Keystone XL Pipeline because Republicans removed it, and also renewed federal flood insurance. Essentially, for a day, the U.S. Congress worked.
And my twitter feed blew up because Tom Cruise and Katie Holmes are getting divorced and Instagram was broken.
Pay attention, folks. Or else we’ll wind up with Mittens.
From The Other 98%
In less than two weeks, student loan interest rates will double.
Meanwhile, Jamie Dimon & Co. testify before Congress about why they don’t need regulation and why Congress should let it ride. Here’s one solution.
Skillshare is giving away $5,000 to help pay off student loans. Enter by clicking the link above!
About time someone bailed at least one of us out…
Yeah, find a job! What’s wrong with you?
I don’t know about you, but this just punched me in my truth bone. I think it’s located around my spleen.
The young man standing next to the “Jail Sallie Mae, Cancel All Student Loan Debt” sign in Liberty Plaza last night could very well end up in jail himself – not for protesting economic injustice and marching on Wall Street, but for doing sex work to pay off his student loans. “My loans are $1,300 a month,” he said. “My rent is $1,300 a month. My salary is $2,600 a month. You can see the problem. So I work as a prostitute for food and utilities.”
Though he works a day job in the tech sector, it’s not enough to get by. “But it could be worse,” he continued. “I could have to do sex work for all of it.”
With the Department of Education estimating that outstanding US student loan debt will soon exceed $1 trillion and job growth stalled, students face the very real prospect that there’s no way to ever pay back their debts. As of this May, new graduates are leaving college with an average of $22,900 in debt each, which, according to the Wall Street Journal, makes the class of 2011 the most indebted in history.
I don’t even want to think about my student loans and what will have to happen for it all to get paid off. It’s because I don’t know how it’s all going to shake out. I fear that getting a law degree won’t be enough.
One of the major demands that almost all congressional Republicans have made about deficit reduction is that wealthier Americans and large corporations shouldn’t have to pay any more in taxes. “The House has taken a firm position against anything having to do with increasing taxes or raising tax rates,” said House Majority Leader Eric Cantor (R-VA) at the onset of negotiations over the budget deficit in May.
Yet as the Daily Beast’s Howard Kurtz reports, one group that Cantor is apparently fine with making pay more is American college students. Cantor, at the White House for budget negotiations, apparently proposed that students who take out student loans should immediately start paying interest, rather than getting to make payments after graduation.
Thanks, bud. Appreciate that. This is the GOP summed up, right here.