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Offline Freeper

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Need advice on student loan issue
« on: April 17, 2012, 05:11:14 AM »
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Left Coast2020
 
Need advice on student loan issue

I have this knot in my stomach right now. I have been out of the country for two years, now partially homeless, and I get this letter in the mail from ECMC with a 5 figure number I owe for my student loan. I have no clue how they found this address (possibly from my address for food stamps). I can't see how anyone can pay their student loans back -- especially if they are working a $10 an hour job. I called Sen Boxer's office and was told student loans are not dischargable--like a credit card is. I guess I default since I not a cousin of Mitt's nor have I worked at Bain Capital. What do I do? The interest is stacked against me. What should be about 25-30,000 minus the 17,000 I've already paid, the amount is well over 50. I am disgusted at our system of educating students. Yet, we have to suffer with debt. It is really depressing me. How do I handle this?

http://www.democraticunderground.com/1002572900

Get your car tuned up and inflate your tires, the savings from not having to buy so much gas should pay off your student loans in no time.  :mental:

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pa28
5. Call Joe Biden.

He might be able to help.

 :lmao:

Or even better 0bama has so much cash that he doesn't need ask him to pay them for you.  :lmao:
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Offline Ballygrl

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Re: Need advice on student loan issue
« Reply #1 on: April 17, 2012, 06:10:55 AM »
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Left Coast2020
 
Need advice on student loan issue

I have this knot in my stomach right now. I have been out of the country for two years, now partially homeless, and I get this letter in the mail from ECMC with a 5 figure number I owe for my student loan. I have no clue how they found this address (possibly from my address for food stamps). I can't see how anyone can pay their student loans back -- especially if they are working a $10 an hour job. I called Sen Boxer's office and was told student loans are not dischargable--like a credit card is. I guess I default since I not a cousin of Mitt's nor have I worked at Bain Capital. What do I do? The interest is stacked against me. What should be about 25-30,000 minus the 17,000 I've already paid, the amount is well over 50. I am disgusted at our system of educating students. Yet, we have to suffer with debt. It is really depressing me. How do I handle this?

Mole! totally full of our talking points.
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Offline Splashdown

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Re: Need advice on student loan issue
« Reply #2 on: April 17, 2012, 07:36:29 AM »
Call the 800 number on the notice. Work out a payment schedule. Once you start paying down the debt, some of the outstanding interest will be forgiven. We helped you get your degree. The least you can do is try to pay us back.
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Offline Gina

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Re: Need advice on student loan issue
« Reply #3 on: April 17, 2012, 07:50:35 AM »
Quote from: Splashdown on April 17, 2012, 07:36:29 AM
Call the 800 number on the notice. Work out a payment schedule. Once you start paying down the debt, some of the outstanding interest will be forgiven. We helped you get your degree. The least you can do is try to pay us back.

BAM! 
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Offline DumbAss Tanker

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Re: Need advice on student loan issue
« Reply #4 on: April 17, 2012, 09:14:59 AM »
Well, there are two paths:

Conservative solution - follow through on contacting them, get a real job, get off food stamps, pay it.

Liberal solution - get credit cards, max them out buying stuff you can convert to cash, take any cash advances you can, steal shit from relatives and sell it on eBay, settle the loans, then file bankruptcy.
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Offline JohnnyReb

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Re: Need advice on student loan issue
« Reply #5 on: April 17, 2012, 09:33:02 AM »
Obama is making peoples mortgage payments for them and putting gas in their car, I don't see why he can't pay off a few student loans. :-)
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Offline Kyle Ricky

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Re: Need advice on student loan issue
« Reply #6 on: April 17, 2012, 09:39:08 AM »
I thought there was a push to add student loans to bankruptcy's?

I have my loans through direct loans and they make the payback schedule based on what your income is. And have a set up where if you make too little, your payments are zero. They also have loan forgiveness, which is where if you work for the state or government and make your payments on time for the first ten years, the rest is forgiven. There are ways around it. He could even get a hardship deferment, or a forbearance if he needs it. He just needs to get off his ass and make the phone call. If he doesn't, they will garnish his wages and take his income tax until it is payed.
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Offline JohnnyReb

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Re: Need advice on student loan issue
« Reply #7 on: April 17, 2012, 09:46:32 AM »
Quote from: Kyle Ricky on April 17, 2012, 09:39:08 AM
I thought there was a push to add student loans to bankruptcy's?

I have my loans through direct loans and they make the payback schedule based on what your income is. And have a set up where if you make too little, your payments are zero. They also have loan forgiveness, which is where if you work for the state or government and make your payments on time for the first ten years, the rest is forgiven. There are ways around it. He could even get a hardship deferment, or a forbearance if he needs it. He just needs to get off his ass and make the phone call. If he doesn't, they will garnish his wages and take his income tax until it is payed.

That is exactly what the DUmmie wants. Then he/she can go "Oh whoa is me. The mean man/society is keeping me down."
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"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Karin

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Re: Need advice on student loan issue
« Reply #8 on: April 17, 2012, 10:27:10 AM »
These student loan stories are nightmares.  I just do not understand how somebody could sign on a dotted line for a loan for ungodly amounts of money for a degree in a field that will just not pay back.  And there's never a Plan B.  Remember that book "Do What you Love, the Money will Follow?"  Overly optimistic claptrap.   Do what you love in your spare time. 
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Offline JohnnyReb

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Re: Need advice on student loan issue
« Reply #9 on: April 17, 2012, 10:33:08 AM »
Quote from: Karin on April 17, 2012, 10:27:10 AM
These student loan stories are nightmares.  I just do not understand how somebody could sign on a dotted line for a loan for ungodly amounts of money for a degree in a field that will just not pay back.  And there's never a Plan B.  Remember that book "Do What you Love, the Money will Follow?"  Overly optimistic claptrap.   Do what you love in your spare time. 

Hey that's what the DUmmies have been doing...having sex, doing drugs, protesting, sleeping and waiting for the government checks to come in the mail.
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"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Tucker

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Re: Need advice on student loan issue
« Reply #10 on: April 17, 2012, 11:51:32 AM »
Quote from: Kyle Ricky on April 17, 2012, 09:39:08 AM
I thought there was a push to add student loans to bankruptcy's?

I have my loans through direct loans and they make the payback schedule based on what your income is. And have a set up where if you make too little, your payments are zero. They also have loan forgiveness, which is where if you work for the state or government and make your payments on time for the first ten years, the rest is forgiven. There are ways around it. He could even get a hardship deferment, or a forbearance if he needs it. He just needs to get off his ass and make the phone call. If he doesn't, they will garnish his wages and take his income tax until it is payed.

You're grasping at straws.
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Offline Kyle Ricky

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Re: Need advice on student loan issue
« Reply #11 on: April 17, 2012, 11:57:08 AM »
Quote from: Tucker on April 17, 2012, 11:51:32 AM
You're grasping at straws.

Yeah, considering the democrat party is the welfare party. It would be stupid to think that they actually work.
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Offline Bad Dog

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Re: Need advice on student loan issue
« Reply #12 on: April 17, 2012, 11:57:39 AM »
It dosen't say it is actually making $10 per hour but that would be about right for a BA in underwater basket weaving.
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Offline obumazombie

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Re: Need advice on student loan issue
« Reply #13 on: April 17, 2012, 12:00:32 PM »
Quote from left coast 2020...
"now partially homeless"
I'm partially male lesbian, and partially pregnant to boot.
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Offline AllosaursRus

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Re: Need advice on student loan issue
« Reply #14 on: April 17, 2012, 12:09:21 PM »
Quote from: DumbAss Tanker on April 17, 2012, 09:14:59 AM
Well, there are two paths:

Conservative solution - follow through on contacting them, get a real job, get off food stamps, pay it.

Liberal solution - get credit cards, max them out buying stuff you can convert to cash, take any cash advances you can, steal shit from relatives and sell it on eBay, settle the loans, then file bankruptcy.

So idiot, just what did ya go to college for that you're damn near homeless and workin' a $10/hr job? Vaginal studies during the Roman Empire? Geez!

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Left Coast2020
 
Need advice on student loan issue

This is an easy one! Pay the ****in' loan back, ya asshole leech!

Quote from: Kyle Ricky on April 17, 2012, 09:39:08 AM
I thought there was a push to add student loans to bankruptcy's?

I have my loans through direct loans and they make the payback schedule based on what your income is. And have a set up where if you make too little, your payments are zero. They also have loan forgiveness, which is where if you work for the state or government and make your payments on time for the first ten years, the rest is forgiven. There are ways around it. He could even get a hardship deferment, or a forbearance if he needs it. He just needs to get off his ass and make the phone call. If he doesn't, they will garnish his wages and take his income tax until it is payed.

O'Bummer's admin has taken direct control over student loans. Used to be you could get a government backed loan from your bank, and pay a lot less on the interest rate. Now that the government has complete control, you pays, or you are in deep trouble.

My daughter has a student loan for pharmacology. She used to be able just to pay her bank. No more! When the O'Bummer took them over her interest rate went up several points, and if she doesn't pay it back after graduation, she could get put in the poor house with garnishment!
« Last Edit: April 17, 2012, 12:18:00 PM by AllosaursRus »
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Offline jukin

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Re: Need advice on student loan issue
« Reply #15 on: April 17, 2012, 12:21:02 PM »
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I guess I default since I not a cousin

Looks like you got our money's worth.

BTW, 0bama is the man that sicks the federal agencies on your deadbeat ass. It was part of the stimulu..er porkulus bill ramrodded down our throats that all student loans are now under the all powerful and benevolent federal government.

Why hasn't the DUchebag got a job with a great degree and in this marvelous 0bama economy?

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Offline Kyle Ricky

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Re: Need advice on student loan issue
« Reply #16 on: April 17, 2012, 12:24:41 PM »
Quote from: AllosaursRus on April 17, 2012, 12:09:21 PM


O'Bummer's admin has taken direct control over student loans. Used to be you could get a government backed loan from your bank, and pay a lot less on the interest rate. Now that the government has complete control, you pays, or you are in deep trouble.

My daughter has a student loan for pharmacology. She used to be able just to pay her bank. No more! When the O'Bummer took them over her interest rate went up several points, and if she doesn't pay it back after graduation, she could get put in the poor house with garnishment!

Direct loans is a division of Pennsylvania Higher Education. It is state ran. Everything in the state is converting to that because of how banks were charging too high of interest rates and not allowing any student to get a deferment, or forbearance. Basically they were ripping students off. They were charging as much as 20% interest on the loans. My direct loan interest rate is 6.0%. I'm not sure how it works in your state, though.
« Last Edit: April 17, 2012, 12:27:11 PM by Kyle Ricky »
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Offline BlueStateSaint

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Re: Need advice on student loan issue
« Reply #17 on: April 17, 2012, 12:30:21 PM »
Quote from: AllosaursRus on April 17, 2012, 12:09:21 PM
This is an easy one! Pay the ****in' loan back, ya asshole leech!

It's too simple, AR . . .  :tongue:
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Offline Tucker

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Re: Need advice on student loan issue
« Reply #18 on: April 17, 2012, 01:28:21 PM »
Quote from: jukin on April 17, 2012, 12:21:02 PM
Looks like you got our money's worth.

BTW, 0bama is the man that sicks the federal agencies on your deadbeat ass.



That would be ARMED federal agents.
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Offline BannedFromDU

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Re: Need advice on student loan issue
« Reply #19 on: April 17, 2012, 01:36:15 PM »

     Get another job, hippie.
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Offline Mike220

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Re: Need advice on student loan issue
« Reply #20 on: April 17, 2012, 01:37:20 PM »
Good news, DUmmy... They'll forgive your debts if you're dead. So... You know what to do now.
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Offline Chris_

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Re: Need advice on student loan issue
« Reply #21 on: April 17, 2012, 01:39:35 PM »
Quote from: Mike220 on April 17, 2012, 01:37:20 PM
Good news, DUmmy... They'll forgive your debts if you're dead. So... You know what to do now.
Don't give them any ideas or Sallie Mae will be asking for your next of kin.
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