Cognitive Dissonance

"Democracy! Bah! When I hear that I reach for my feather boa!" - Allen Ginsberg

Posts tagged student loans

48 notes

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.

Filed under student loans nelnet birthday it's my birthday fuuuuuuuuuuuck 30 brb having an existential crisis

21 notes

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.

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.

Filed under loan student loans Sallie Mae

1,480 notes

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.

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.

Filed under student loans student loan debt politics economy capitalism crony capitalism socialized risk profit

93 notes

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.

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.

Filed under Sallie Mae college politics profiteering higher education student loans student debt harassment

150 notes

I think this is a land of opportunity for every single person, every single citizen of this great nation. I want to make sure we keep America a place of opportunity, where everyone has a fair shot, they get as much education as they can afford, with their time they’re able to get it, and if they have a willingness to work hard and the right values, they ought to have a shot at realizing their dreams.

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.

Filed under Mitt Romney politics college student loans Congress Republicans GOP what is this magic? transportation Keystone XL

55 notes

Sex Work to Pay Off College Loans? How the College Debt Racket Sucks Young People Dry -- And Led Many to Occupy Wall St.

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.

Filed under student loans politics economy debt college university financing education education sex work prostitution

78 notes

Cantor: Taxing The Rich Is Off The Table, But Making Students Pay More Immediately Is Fine

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. 

Filed under Eric Cantor Debt debt ceiling politics students student loans interest fuckery tax the rich