Comments on: Student Loans Can Wreck You: The Next Financial Crisis

By: Andrew

Andrew — Wed, 08 Feb 2012 03:48:36 +0000

I’m so sorry to hear about your difficulties. Thank you so much for sharing your story. I know there are many people in your shoes who feel that college wasn’t worth it. Don’t give up in getting out of the hole. No matter how deep it is, know that in time you can overcome it with enough perseverance and financial education

By: An Idiot

An Idiot — Sun, 05 Feb 2012 00:10:22 +0000

I went to a “college” in hopes of becoming a game designer, about 2 years in they decide to drop the program but we could get our associates in a lesser category, instead of our BA in the game design. So I transferred to another “college” and that one had the program, but it had a 1 minute late you’re “absent” policy. Being handicapped, having to take the metro after walking 8 or so blocks to the station made it difficult to get around. Well they gave me loans for student housing because I couldn’t commute to the school. The first 2 years of classes were complete garbage, but I was “absent” so many times of missing that 1 minute mark that I was kicked out of the school. Being handicapped and without degree it is exceptionally difficult to find any work. I was sent paperwork to go into forbearance for my loans. Unfortunately, that only lasts if they weren’t purchased by a private investor, which they were. So now my interest and debt are so far through the roof, I’m disabled and unemployed, and no degree to show for 4 years of study at useless establishments.

Bottom line they NEED to tell graduates before leaving high school to not take loans. Scholarships or bust. Unless they can afford the loans and don’t get screwed for asinine reasons then by all means, take the loans. Otherwise, do something else or you will find yourself doing nothing but worrying. It will eat at you as it has me. I’m in a hole I can’t climb out of and they keep piling it on. They don’t care if I can get out or not and there’s nobody around with a rope.

Good luck to all future graduates, may your future be brighter than mine.

By: Heather Ramsey

Heather Ramsey — Fri, 03 Feb 2012 00:52:30 +0000

Sign this petition
https://wwws.whitehouse.gov/petitions/%21/petition/return-standard-bankruptcy-protections-all-student-loans/5XKn2BKq
Also go to forgivestudentloandebt.com and sign that petition! Lets help each other out and fight for our futures.

By: Justin

Justin — Sun, 22 Jan 2012 10:28:50 +0000

About to graduate this year at the University of Phoenix and it looks like I am $31K in the hole with interest ticking away. I am gonna have to pay off this monster and I don’t know how I am gonna do it. This sucks! My counselor said it was only going to be $24K, $7K is a huge difference, especially when you factor in interest!!

By: Andrew

Andrew — Sat, 14 Jan 2012 06:27:30 +0000

You’re welcome, Hope. What did you get your degree in? What type of opportunity are you looking for? If you send me a message via the contact page with more information I may be able to help.

By: Hope

Hope — Sat, 14 Jan 2012 05:02:01 +0000

Thanks for the encouragement, Andrew. As difficult it is to find work, I know college was a good choice and has been beneficial beyond the marketability component. I appreciate your much needed optimism and promise you I am following your advice! And, despite my pessimism, I do encourage others to as well. I just think I would do some things differently if I could start over.

By: Andrew

Andrew — Sat, 14 Jan 2012 02:09:50 +0000

Hope, thank you so much for sharing your story. It’s tragic the amount of student loan debt in this country. Check out the Department of Education website and see if you qualify for any loan forgiveness programs, or see if you could. Don’t give up hope, and continue to educate yourself. The more knowledge you have, the easier it will be for you to dig out of the hole. Always remember there is a light at the end of the tunnel…feed your mind and good things will come out of it.

By: Hope Morrison

Hope Morrison — Wed, 11 Jan 2012 06:10:56 +0000

This is SO true! I graduated high school completely naive. I had no money, and my parents did not either, and in desperation accepted all of the federal aid I was offered to go to college. Concerned, I met with a financial aid counselor. She told me not to worry, since I was going to be a petroleum engineer and I would be making $70,000 out of college. Lies!

I am going to go to work a low end job I could have qualified for out of high school even with a 3.8 GPA at a prestigious college with a technical degree because I have no experience. All of the money I make will go toward repaying student loans.

By: Stan

Stan — Fri, 21 Oct 2011 07:45:36 +0000

I am currently in school. I’m about halfway through. I just found out that I will probably never be able to work again, even with a degree. What is a guy like me supposed to do? I am thinking that (at my age) if I continue on with school after I get my AA degree, then I go for my BA degree, and then for a MA and finally a Doctorate, I will probably die long before then. I won’t have to pay back the loans. How’s that for a plan? (If I made it that far in school, I definitely would not live long enough to pay back the loans. I would owe a small fortune.)

By: Former College Idiot

Former College Idiot — Tue, 28 Jun 2011 05:16:16 +0000

I believe a college degree is one of the biggest lies in the twenty first century. While a college degree is good for some careers, many career don’t need any more than a two year or trade school degree. Plus the first two years of college are a waste of time on pointless classes.