Trapped in the student loan game...

[Carl]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x81251

EnviroBat  (1000+ posts)      Tue Dec-28-10 11:26 AM
Original message
Trapped in the student loan game...
 I never graduated from college because of the anxiety that borrowing for tuition was causing me. I developed an anxiety disorder for which I was diagnosed earlier this year. I've been paying what I can over the years on these damn student loans, but the balance keeps increasing. It's gone from 36k to 42k as of my last statement. The monthly payment has gone up to a level that is un-affordable for my budget. I contacted them today and they told me that there was simply "nothing they could do". I will have to pay what the want me to pay for many, many years. If not, the will take 10-15% of my take home pay, my tax returns. Who knows? By the time this administration gets through with us, they may have the power to throw me in debtors prison. I feel like my life is no longer mine, but the banks. I can't save a ****ing dime for my future, and I'm beginning to feel like this is the way the powers that be want it. There has to be a way to stop this shit. Anyone out there in a similar situation?

You signed the contract,you make excuses and try to play innocent victim.
You are a piece of shit.

EnviroBat  (1000+ posts)      Tue Dec-28-10 11:57 AM
Response to Reply #8
10. I would have never applied for the loans had I known how aggressively
 they come after you later in life. They are legally allowed to harass you and you friends and family. I should have never borrowed from them. I regret it every day.

Damn places that loan money and expect you to pay it back.

taught_me_patience  (1000+ posts)        Tue Dec-28-10 12:03 PM
Response to Original message
13. What kind of loan do you have?
 Federal or private?
What is the interest rate?
What is your ammortization schedule?
How much per month do you pay on the loan?
What is your credit rating?
What do you do for a living? What is your monthly income?

If you can give more specifics, I can help you. My wife and I have 190k in student loans.

Will be waiting for answers that I bet never come.
 

[The Hollywood NeoCon]

EnviroBat  (1000+ posts)      Tue Dec-28-10 11:26 AM
Original message
Trapped in the student loan game...
 I never graduated from college because of the anxiety that borrowing for tuition was causing me.I spent all of my time discovering my alcoholism, ditching class, jerking off to internet porn, running up my parent's Visa, and generally finding myself incapable of fulfilling even the least demanding of responsibilities...

FIFY you ****ing, weak-assed, lying, manipulative sack of dog shit. 

[JohnnyReb]

"I borrowed the money, drank beer and smoked dope, had a good time....the other kids did it too. They said no one ever pays those things.".....an educated DUmmie

[The Hollywood NeoCon]

"I borrowed the money, drank beer and smoked dope, had a good time....the other kids did it too. They said no one ever pays those things.".....an educated DUmmie

You shoulda caught this idiot's performance in "College ****Fest #77." He was the drunken clown who launched a bottle rocket out of his ass, then ended up passed out with a scat-encrusted dildo in his mouth and an Obama t-shirt wrapped around his head...

...just before the quarterback and the head cheerleader finally got down to business, which is why the DVD was produced in the first damned place.

This DUmmie was little more than comic relief, and now wants to get all butt-hurt cause his parents are gonna get stuck with the bill.

[dandi]

You shoulda caught this idiot's performance in "College ****Fest #77." He was the drunken clown who launched a bottle rocket out of his ass, then ended up passed out with a scat-encrusted dildo in his mouth and an Obama t-shirt wrapped around his head...

...just before the quarterback and the head cheerleader finally got down to business, which is why the DVD was produced in the first damned place.

This DUmmie was little more than comic relief, and now wants to get all butt-hurt cause his parents are gonna get stuck with the bill.

****in' classic!

 

[true_blood]

EnviroBat  (1000+ posts)      Tue Dec-28-10 11:57 AM
Response to Reply #8
10. I would have never applied for the loans had I known how aggressively they come after you later in life. They are legally allowed to harass you and you friends and family. I should have never borrowed from them. I regret it every day.

Wait?!,....you mean you have to "pay back" a loan?!
Teh stupid on the Dump is overwhelming.

[jukin]

I had a small grant for scholarship. Worked 20+/- hours a week during school and 50+ during summer and socked it away. I rode a motorcycle. I lived on the super cheap. When others went out parting, I stayed home and studied. Which by the way was a major reason to get done with college. In other words, I sacrificed and worked my butt off to get out of there. I was by no means the only one that got through without tens of thousands of debt. It is an expectation for screwing off for four years and paying it off later. It reminds me that until the mid seventies a majority of cars purchased were with cash. People used to sacrifice in the now for payoff in the future. That is a sure ticket to success. This is what is producing leaders like Obama.

[formerlurker]

I cringe when I see students securing loans for schools that cost $40K+/year now.  They will never be able to buy a house with that amount of debt hanging over their heads when they graduate. 

Nothing wrong with state colleges.   Look into the Guard/Reserve, or try to get a ROTC scholarship.   Don't mortgage your future just so you can say you went to a private college.  It really doesn't make that much of a difference anymore.

[Chris_]

I cringe when I see students securing loans for schools that cost $40K+/year now.  They will never be able to buy a house with that amount of debt hanging over their heads when they graduate. 

Nothing wrong with state colleges.   Look into the Guard/Reserve, or try to get a ROTC scholarship.   Don't mortgage your future just so you can say you went to a private college.  It really doesn't make that much of a difference anymore.

My stepsisters graduated from Vanderbilt.  I don't think it costs $40k a year, but it's not cheap.  Their father could afford to pay for it out of pocket, though.  I doubt he had to take out any loans.

[formerlurker]

My stepsisters graduated from Vanderbilt.  I don't think it costs $40k a year, but it's not cheap.  Their father could afford to pay for it out of pocket, though.  I doubt he had to take out any loans.

Vanderbilt is $56K/year. 

http://admissions.vanderbilt.edu/financial-aid-facts.php#cost

[Chris_]

Vanderbilt is $56K/year. 

http://admissions.vanderbilt.edu/financial-aid-facts.php#cost

It was probably a bit cheaper 15 years ago. 

Honestly, I didn't think it was that expensive even now.  Holy crap.

[formerlurker]

It was probably a bit cheaper 15 years ago. 

Honestly, I didn't think it was that expensive even now.

It is really crazy how much private schools have gone through the roof.   State schools (at least in MA) are very good.  Kids shouldn't mortgage their futures to that level for a degree.

[Chris_]

I did some work for VU in 2007... the buildings may be old and worn, but everything inside them is brand new.  I think they may have more faculty than they do students. 

The sports stadium/offices were prime time stuff.  High dollar.

[BattleHymn]

I work at a place that pays 100% tuition as long as the ending degree is somehow work related.  I also have a couple of scholarships that I have never cashed in on that are still available.  I worked hard to get those, and I work hard to stay where I am at, to keep earning those tuition reimbursement checks.  

I didn't go for higher learning straight out of home school/high school, but I do have a Lifetime Learning degree from the University of Hard Knocks that I thank God for every day.  

I am sorry that you created bills for yourself that you are legally obligated to pay back.  Now, go pay them back.  

[longview]

I got a degree that cost $80K, not counting the expense of traveling for fieldwork and internships.  Borrowed $40K, got the rest in scholarships, worked,  raised three kids and stayed off welfare.

Do I roll my eyes sometimes when I'm making a payment?  Sure.  But I quickly come to a place of gratitude that loans made my education and providing a better life for my family and me possible.

I am grateful every day for the work I do. 

It's called being a grownup DUmmy, and not every one has the ability or opportunity to do it!

[IassaFTots]

I partied like a rockstar when I was in college.  I also worked 40 hours a week, while taking a 12-15 hour courseload.  I paid almost my own damn way, including, paying $1000 for my first wedding while in school. (My grandparents dealt me $2000 annually to help with my expenses, from a life insurance policy of my Uncle's, that paid for 2/3rds of my tuition.)  Never got a credit card, never had a loan.  It can be done.  Of course, it is easier to do when you are young, stupid, and feeling invincible.  I don't think my old lazy ass could do that now. 

[BlueStateSaint]

You shoulda caught this idiot's performance in "College ****Fest #77." He was the drunken clown who launched a bottle rocket out of his ass, then ended up passed out with a scat-encrusted dildo in his mouth and an Obama t-shirt wrapped around his head...

...just before the quarterback and the head cheerleader finally got down to business, which is why the DVD was produced in the first damned place.

Note to self--don't drink coffee when reading HNC's posts in the morning--The Heiress gets scared by the sound of it being spewed all over the monitor.

H5!

[SSG Snuggle Bunny]

*cough*

[Traveshamockery]

EnviroBat  (1000+ posts)      Tue Dec-28-10 11:26 AM
Original message
Trapped in the student loan game...
 I never graduated from college because of the anxiety that borrowing for tuition was causing me. I developed an anxiety disorder for which I was diagnosed earlier this year. I've been paying what I can over the years on these damn student loans, but the balance keeps increasing. It's gone from 36k to 42k as of my last statement. The monthly payment has gone up to a level that is un-affordable for my budget. I contacted them today and they told me that there was simply "nothing they could do". I will have to pay what the want me to pay for many, many years. If not, the will take 10-15% of my take home pay, my tax returns. Who knows? By the time this administration gets through with us, they may have the power to throw me in debtors prison. I feel like my life is no longer mine, but the banks. I can't save a ****ing dime for my future, and I'm beginning to feel like this is the way the powers that be want it. There has to be a way to stop this shit. Anyone out there in a similar situation?

Did he say "THIS ADMINISTRATION?"  His anxiety disorder must be causing him to lose track of time.  Doesn't he realize that Obama is in charge and he is going to make everything perfect for deadbeats?  Besides, look at the DUmmies' name - EnviroBat.  He has now figured out that torching Hummers and mega-mansions in the process of being built doesn't pay the bills.  Maybe he could apply to the Sierra Club for assistance. 

By the way, I was reading the other day that the Frank-Dodd financial regulation bill is having yet one more unintended consequence which is surely going to affect the DUmmies.  People with lower credit scores can no longer get even the subprime credit cards from banks and so they are now turning to payday loan companies for the stuff they would normally charge to their credit cards. 

Way to solve the problem, Frankendodd.   

[IassaFTots]

Did he say "THIS ADMINISTRATION?"  His anxiety disorder must be causing him to lose track of time.  Doesn't he realize that Obama is in charge and he is going to make everything perfect for deadbeats?  Besides, look at the DUmmies' name - EnviroBat.  He has now figured out that torching Hummers and mega-mansions in the process of being built doesn't pay the bills.  Maybe he could apply to the Sierra Club for assistance. 

By the way, I was reading the other day that the Frank-Dodd financial regulation bill is having yet one more unintended consequence which is surely going to affect the DUmmies.  People with lower credit scores can no longer get even the subprime credit cards from banks and so they are now turning to payday loan companies for the stuff they would normally charge to their credit cards. 
Way to solve the problem, Frankendodd.   

That ain't gonna end well.  A new payday loan or cash for title place is opening every week around here it seems. 

[JohnnyReb]

That ain't gonna end well.  A new payday loan or cash for title place is opening every week around here it seems. 

Just trying to accommodate the Obama supporters.

...and how else can you earn that kindda interest on your money. They put old Burney Madoff in prison.

[Max]

I cringe when I see students securing loans for schools that cost $40K+/year now.  They will never be able to buy a house with that amount of debt hanging over their heads when they graduate. 

Nothing wrong with state colleges.   Look into the Guard/Reserve, or try to get a ROTC scholarship.   Don't mortgage your future just so you can say you went to a private college.  It really doesn't make that much of a difference anymore.

Bingo!

My three went to state school.  Our gift to them was to pay for college, not pay for them to move out live on campus somewhere for the college experience or name drop where they got their degrees.  If thats what they wanted, the additional fees where theirs to pick up.  None of them chose to.

There are some expections I understand but again that didn't apply to them either.

[NHSparky]

My stepsisters graduated from Vanderbilt.  I don't think it costs $40k a year, but it's not cheap.  Their father could afford to pay for it out of pocket, though.  I doubt he had to take out any loans.

PUBLIC schools in the northeast are topping $30K a year now.

[DLR Pyro]

EnviroBat  (1000+ posts)      Tue Dec-28-10 11:26 AM
Original message
Trapped in the student loan game...
 I never graduated from college because of the anxiety that borrowing for tuition was causing me. I developed an anxiety disorder for which I was diagnosed earlier this year. I've been paying what I can over the years on these damn student loans, but the balance keeps increasing.

I would hazard a guess that if you had stuck with it and graduated from college you might have gained the knowledge that if you budget yourself to make regular payments that cover some of the principal and the interest, your balance would be decreasing rather than increasing, but I'm just gonna assume you dropped out of school before they covered the important stuff like that.

[Ralph Wiggum]

*cough*

You think someone named "EnviroBat" would even consider joining the military?  I highly doubt they could pass any of the requirements, mental and physical.