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Dec
: The Student Loan Documentary is a feature-length documentary chronicling the stories of borrowers from different backgrounds affected by the private student lending industry and their struggles to change the system. In 2005 private student loans were exempted of ALL consumer protections. No matter when their loans were taken, many borrowers now find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection …
- Published by Rob in: Student Loans
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25 Responses to “Default: the Student Loan Documentary”
December 6th, 2009 at 11:14 pm
Loan is Capitalist system. Bad capitalism. WE Want Communism. The true government by the people, from the people and for the people. Communism = benefit for the whole community, not just one individual. Every individual!!!
December 6th, 2009 at 11:38 pm
Another thing that would help is instead of giving a trillion dollars to the banking oligarchs who rule or at least partly rule, this planet, give at 300 billion to the American people. That averages out to about a million per person. And that is still too low. lol
Revolution is coming folks. Something old is dying. We have to be prepared physically, mentally/philosophically/argumentatively to not only fight if it has to come to that, but also make the case for our rights.
December 6th, 2009 at 11:59 pm
Yes & no. The reality is that the inverse is occurring with these “too big to fails,” ex: corporations/banks receiving bailouts. The illegal FED/government is printing fiat currency. Added to this is the ~2 quadrillion in global financial derivatives+15 trillion in consumer debt+debt from 3 illegal wars. And now the commercial real estate bubble etc. The game is finished.
Student debt bailout would seem to hurt in the short term. But, the it would be a proactive measure in repairing the U.S.
December 7th, 2009 at 12:56 am
It would make sense but, then the value of the dollar would sink even lower. If more people are able to spend more and buy up more products, then things would get more expensive.
December 7th, 2009 at 1:02 am
Gee, I wonder why tuition is so high? Is it because of the massively bloated number of education bureaucrats. No different than all levels of gov’ts. Combine that with these B.S. majors and students not learning anything.. it’s all going to come crashing down.
December 7th, 2009 at 1:03 am
So what if Jesus turned water into wine…I turned a whole student loan into Vodka once. Your move Jesus…
December 7th, 2009 at 1:56 am
1:17 little fucking ferry boy.
December 7th, 2009 at 2:56 am
This is how you can get out of your student loan debt. Write the Financial Institution the following Letter:
To whom this may concern,
did i receive an actual loan or did my signature release MY credit from my treasury account? I suspect that the contract between Bank X and me is fraudulent, i will immediately stop payment untill I receive a truthful statement made under the penalties of perjury.
Sincerely,
Jane-Sally: Doe, Authorized Agent
December 7th, 2009 at 3:55 am
No just 5 years ago…. jk. Yes but guess what? These mofos put Obama in the White House…..
December 7th, 2009 at 4:08 am
biped19, I agree with you. Debt is a THE source of their wealth & power. I believe, our government will never…..ever bailout student loans. Their making way too much money off of us. When I finished college 6 years ago…my debt was $40 grand. Today…because of interest rates, my debt is now double that amount. There is no light at the end of this financial tunnel.
December 7th, 2009 at 4:57 am
What people need to keep in mind is that bailing out the average person/student would be a proactive measure to allow a young workforce to create wealth for the nation.
But, the fascist federal government in not in the business of doing what is good for America. And the politicians/corporation’s are subservient to their banking masters. Debt for them is the source of their wealth and power.
The Government needs to bailout ALL student loans going back 15 years or so.
December 7th, 2009 at 5:02 am
Thank you for making this video. I subscribed to your channel. The average loan at my school is $19,000 a year. I just wish they could keep the interest rates to never go above 6%. Anything more than that is usury.
December 7th, 2009 at 5:39 am
See. The BRIGHT ones don’t need school. School needs non-goal reaching kids to prey on nowadays. Doing the math TRULY will SAVE you.
December 7th, 2009 at 5:48 am
The government should help bail out our student loans and then we could spend that money on a house, car, the economy. But instead they rather bail out huge companies that got us into this mess, giving that money to CEOs and their huge bloated paychecks, so they can buy yet another yacht. Then they expect us to work for nickels and dimes to try to pay back our student loans. What a crooked country we live in, as students can’t even file for bankruptcy anymore, unlike these companies.
December 7th, 2009 at 6:20 am
I dropped out of college because I realized it wasn’t worth the money. The work was easy in my engineering classes, but the amount of time and money I would have spent on college would not have sense financially. I am a cnc machinist now and doing fine. I never considered taking out a student loan because I understood the math.
December 7th, 2009 at 6:52 am
I hope it is a good job and you have a marketable degree. A degree is an investment not a right!
December 7th, 2009 at 7:23 am
no quite that easy. Your name would be tarnished for a long time.
December 7th, 2009 at 8:12 am
or, do they just want to collapse the system and bring about reform to shape an agenda? BTW I’m an independent voter.
December 7th, 2009 at 8:49 am
BTW, the most unbelievable part of all this– the USA is losing its most talented people to other countries, since its policies are tailored to enrich the already super-rich at the expense of the young, bright and ambitions working their way up, and the poor in general. AKA the definition of a banana republic.
The United States could quickly improve this miserable situation, just by passing the most basic reforms to correct these problems.
December 7th, 2009 at 9:01 am
Dumb, predatory policies, like these student-loan lenders who use legalized usury to force students into serfdom–THIS is what is driving Americans out of the country for good these days. The brain drain to the Netherlands, China, Germany, Argentina, Panama, Chile- it’s off the charts. Not just student loans but health care (don’t have a baby in the USA, the crooks in the industry will bankrupt you). So the best Americans now do their business in Dutch, German, Spanish- cuz they’re overseas.
December 7th, 2009 at 9:08 am
Amazing that the bought-and-sold US government has trillions of dollars to waste on idiot wars like Iraq, as well as corporate welfare for parasites in the banking and health care industries (so much for “personal responsibility” that so many anti-reform idiots like to spout about).
Yet when it comes to education– the best investment for a strong nation– it shafts students, then lets predatory lenders push them into insolvency. And we wonder why the USA is becoming a laughingstock with this?
December 7th, 2009 at 9:19 am
school is overrated
December 7th, 2009 at 10:04 am
I’m a senior graduating this year with about 45,000 in debt. Thanks SallieMae and NYU….
It’s scaring me into getting a job i’m going to hate just because it has a paycheck. Not good.
December 7th, 2009 at 10:22 am
People would have been better off just paying for college with credit cards. Do cash advances for like $5,000 each on 6 or 7 credit cards, in the same day, within the same hour, at several different banks.
Then file for bankruptcy….
December 7th, 2009 at 10:29 am
civil disobedience is already beginning to ensue.
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