Neglecting Your Student Loans

[TheRealBlackHair]

Hilarious!!!.

They have turned your education into your death.

[kaos3124]

Let me get this straight.......

A person doesn't pay because ...............he AINT got the money.

So send him a bill for the FULL amount??????

If that doesn't work, sue him and send him a bill for the full amount plus legal fees.

BRILLIANT

That folks, is what makes mass murdering spree killers.

[Yeshua9000]

@kaos3124 - o man, so true...this shit makes me think evil thoughts...

[aaronlosing]

NEVER TAKE OUT A PRIVATE LOAN.....EVER!

[HealingVibrations]

I was kicked out of grad school for taking a drug test and the drug that came up was a prescribed medication that i had the prescription for. I showed the director of my program the physicians script and he said that I still could not graduate because of this. So now I have 60,000 in debt and no degree. I tried to sue the school but the judge threw the case out before it could come to a trial. What should I do? The school got the money, denied me education, and Im stuck holding the bag.

[Neofcon]

@HealingVibrations Wow, that is fucked up. Did you ever go to the supreme court about this?

[TioNinni]

Thanks for the video.

[ThomasDeanNordlum]

What about people who move to Canada? I have legally immigrated to Québec and I work here now. I am a permanent resident and will become a citizen in three years. Can they get to you then? I don't plan on returning to the USA.

[redoctobercc]

@ThomasDeanNordlum Hey buddy, you too huh? ;-) I immigrated to Toronto myself. Luckily under Canadian law loans can be discharged after 7 years. Hope they dont find either one of us though. To hell with that government! Good luck!

[ThomasDeanNordlum]

@redoctobercc what do you mean by that you c an discharge them after seven years? I am looking into the A4V and all that free man on the land stuff.

[shan4short]

I am a senior in my last semester and I owe $18,000 in student loans. I plan on consolidating with the government and getting a job in public service so after 120 payments the rest gets forgiven. You have provided accurate, helpful information. I try to tell people not to EVER take out private student loans, and try if possible, to stick with subsidized loans only.

[MrOldSlacker]

It's very important to pay your student loans for without the interest rates they charge you over the life of the loan, Sallie Mae would not be able to pay Albert Lord the money he needs to build his private 18 hole golf course.

Also, Sallie Mae gave almost $600,000.00 to Democrats and Republicans in 2008. They can't buy Demopublican whores without your money!

Just keep telling yourself it's all about helping poor kids go to college.

[sfordgg]

just get a couple of strippers and prostitutes and move to nv its legal youll make tuns of money as a pimp with a phd they call me dr. pimp phd

[Pallyfinale]

I propose everyone in debt walks up to the White House and demands prosecution of all Sallie Mae, if not just the current CEO and his mob squad, employees for bad business ethics and immoral solicitation through phones calls that go against better business policies.

America has to realize that as individuals letting this company kill us financially and destroy our futures w/ overpriced education, we need to stand as one infront of our "great" president and demand action to help us. Letmeknow

[SweetSweetWaldo]

Your new bill of rights: The more money you have, the more rights you have. No money, no rights. Negative money, negative rights. If the Republicans get back in charge, they WILL try to bring back debtor's prison.

[smhutson]

All prisons are debtor prisons. And the Republicans and Democrats are both owned by the International Banking families. Our legal system is controlled by them. Put your political programming aside and follow the money. The world will be a much scarier place once you understand how the world actually works!!

[demossmd]

If you have facebook, there is a group with 200+ thousand members called: "Cancel Student Loan Debt to Stimulate the Economy"

There is also a petition which you can find there.

[yoniohyoni]

lol thats retarded, would NEVER happen

leave it to people on facebook to support passive aggressive stupidity

[waverly2468]

High school guidance counselors don't tell students any of this. They just tell them to go to college. For that I think they are scum--they are just shills for the student lending industry. I'll bet that they would sell their own children to Sallie Mae.

[Eg0isT1]

great work. Useless information. Thank you.

[managestudentloans]

Good information in this video here. It explains how ugly things can get if you default on your student loans.

Don't let this video scare you rather use it as motivation to make a schedule for repayment.

Better yet, if you haven't taken out loans yet, take this as advice to not take out too much in student loans.

[CrossoverManiac]

managestudentloans and 1on1im, you two pieces of shit are nothing but tools for the loan sharks at Sallie Mae. But don't worry, your day is coming. Your pimp Al Lord will get tossed in jail with Bernie Madoff and you two mother fuckers will be where you belong-living in a cardboard box in some back alley eating out of dumpsters.

[managestudentloans]

Listen, I have over $70,000 in student loan debt you stupid motherfucker. I took an active approach of working HARD and trying to help others with their student loan problems.

Maybe you should do the same, you broke fucking retard. Student loans suck but conquering them is UP TO YOU.

SUCK A DICK.

[CrossoverManiac]

Wow. I knew corporate whores get paid good money by their pimps to pose as regular people to sell their propaganda bullshit, but I never thought they'd resort to flaming. And it would more convincing had you not tried to give financial advice while flaming someone. And I don't eat dick, that's your job and the job of the whore that gave birth to you.

[managestudentloans]

Haha, you think a billion dollar corporation like Sallie Mae needs to employ people to go on Youtube and pretend to be someone else? God you're a fucking idiot!

Regardless of who you think I am you have 2 choices:

1. Man up, get another job and start paying down your loans

OR

2. Go on victimizing yourself, being a sniffling little bitch and keep complaining about it...be a fucking loser like you are now.

It still cracks me up that you think I'm from Sallie Mae, God you're fucking stupid.

[CrossoverManiac]

Don't you mean 'Manwhore up and turn tricks for Sallie Mae'? You must be a manwhore for Sallie Mae. You made one comment at 4 am (must be hard work trolling websites at 4 in the morning) another one within an hour after mine. For a guy that 'man(whore) up' and work hard to pay his student loans, you have a lot of free time on your hands. Must be nice getting paid under the table to spam sites with Sallie Mae's bullshit and collect welfare checks at the same time.

[SweetSweetWaldo]

Nah, you're just a good little neo-nazi stormtrooper.

[rollinonedubs]

do you know how to stop garnishment of wages while im setting up a new loan with direct loans?

[filafresh29]

hello. great and informational video, thanks.

just 2 questions: CAN the federal government stick their hands in my checking account or income tax refund?

2nd question: how can i consolidate my $5,000 loan (2 student loans, 2 federal loans thru sallie mae)?

please help, im desperate.

[waverly2468]

High school counselors should be giving this information to students instead of telling them to go to college. Student loans are the black holes of personal finance. They are the event horizons of money--you will never get out of debt. After you graduate, employers won't care how much debt you have--if you're not young enough or good looking enough you won't get the job.

[1991Avega]

@waverly2468 I wish my dumd ass high school and the dumbass people would have told tell me that two years ago.

[kevinrvargas]

fuck it i can careless if they garish my wages...i just sell drugs...money in cash and they can't take that...thats what im going to have to end up doing once they take money from my account...not because i want to but because there is no other choice cause i dont make enough money in the first place. i have been 130k in debt for about 2 years....and im sure it has gone up but what kinda i do...im barly making it and they still want their money...makes me wish i never went to school.

[trinnylax]

lol @ people that think canada rocks

[tsilimon]

Education should be free for anyone who can hang up to the Ph.D. level...

Corporate profiteering from student loans is immoral.

Bankruptcy is bankruptcy... right?

[tobasco77]

I paid about $8950.00 on my student loans then sead F***it... I never paid a dime after that because you know what, I WANT an F***ing life... I'm not about to spend every cent I work my ass off to earn to these greedy C*** Su**ers... When someone shoes up at my door with an AK47 and Pauly from the SOPRANOS THEN I'll start worring...

FUCK STUDENT LOANS... THE Federal goverment can spend a MILLION DOLLARS in AID but can't give it's OWN CITIZENS an education????? FUCK THAT SHIT...

[spikefivefivefive]

They will eventually garnish your wage AND charge you a ton of fees. It's no fun having a cavity, but would you rather suffer through a filling now, or a root canal later?

[edgemontkodi]

spikefive they garnish pay and we are all supposed to run in horror... fuck that.. the constitution gives the right to a fresh start in bankruptcy to help a person become productive economic citizens. There should be a massive class action against the DOE for denying oour constiitutional right to bankruptcy

[spikefivefivefive]

Bankruptcy is a constitutional right? I don't remember reading that in the Bill of Rights or the Constitution. Did you learn how to read or even listen to the video? You have a constitutional right to welch on a debt? Did you ever intend to pay back your loan? I'm struggling like the rest of people to repay my loan, however, I don't rationalize excuses for being a deadbeat, as you obviously do. A loan is a loan, for whatever the reason.

[edgemontkodi]

The genesis of the bankruptcy power is the Bankruptcy Clause of the U.S. Constitution. The Constitution provides that Congress shall have the power "to establish . . . uniform laws on the subject of bankruptcies throughout the United States." U.S. Const. art. 1, section 8. Bankruptcy statutes were passed by Congress in 1800, 1841, 1867, 1898 and 1978. The current bankruptcy law is the Bankruptcy Act of 1978, as amended. It is found in Title 11 of the United States Code.

[spikefivefivefive]

Congress did this. It wasn't a constitutional amendment.

[edgemontkodi]

Congress allowed it and the courts have backed up the right to declare bankruptcy. Like I said the founding fathers intent of the law was to allow for bankruptcy due to the problems with england and it's colonies.

[edgemontkodi]

furthermore, when reading the constitution the courts do not do a literal interprtation they also consider the intent of the founders when they wrote the constitution.

[edgemontkodi]

Additionally some of the founding fathers declared bankruptcy. There is more to the constitution then the bill of rights, you have to take into account the intent of the founding fathers as well. So if you say I am a deadbeat then you say the founding fathers are too. This makes you unamerican.

[spikefivefivefive]

What's truly "unamerican" is spending more than you earn and borrowing more than you can afford to pay. Oh, wait, that's very American...

[spikefivefivefive]

If you care so much about patriotism, why don't you do your duty to pay your bills?

[edgemontkodi]

Like I said I don't owe you an explanation. But there is a lot of peoplethat can't afford to through no fault of there own. DOE should not be giving out loans

[spikefivefivefive]

It's spelled "their" and the DOE doesn't issue any kind of student loans. That's done by private banks who have the federal goverment act as a guarantor of the loan in case of default, for people like you. Maybe you'll learn to think AND spell AND pay your debts some day Big Old Bottom Gurrrl.

[edgemontkodi]

your a school teacher now? Wrong DOE does issue loans... William D Ford direct loan program for starters. Like I said I don't have to tell you what my financial situation is like. Whats important, needle dick , is that government get out of loan buisness and start educating its citizens.

[edgemontkodi]

As far as your questions about intent is are you the spanish inquisition? I don't know you so could care less what you think. You apparantly feel a need to belittle people that fall outside what your little mind can handle. When I say little I mean little. I suspect you have a small penis as well as a small mind???

[spikefivefivefive]

So encouraging people to be financially responsible is belittling to them? I think you are the touchy one who is overcompensating for something to take something wrong, and so personally. Maybe you just have a guilty conscious for not paying your bills. Additionally you aren't even capable of distinguishing a congressional bill from a Constitution right.

[edgemontkodi]

For what it's worth here is a web site. I think it sounds like originally only buisnees could declare bankruptcy then the courts decided that the law also included individuals. So maybe I was wrong the DOE is breaking the law perhaps not the constitution.. But you know I am not a lawyernor want to be one.

[spikefivefivefive]

You are not a lawyer nor could ever be one even if you wanted to. "So maybe I was wrong the DOE is breaking the law perhaps not the constitution.. " The constitution IS the law. "Everybody! Look at him, he's breaking the constitution!!!"

[edgemontkodi]

You ever hear of constitutional law

[spikefivefivefive]

Constitutional Law that "guarantees" your right to bankruptcy? Constitutional Law that the DOE is breaking? "So maybe I was wrong the DOE is breaking the law perhaps not the constitution.. " Wow, you even contradict your own stupid comments.

[edgemontkodi]

spikefivefivefive, Like I said you have a small mind and probably a small penis to match.

[spikefivefivefive]

Then both of yours are even smaller

[edgemontkodi]

your little mind = little penis

[edgemontkodi]

Indentured servitude is unconstitutional as well and I believe that is the one of the reasons for bankruptcy so people can be set free from abuse. Tthe same type of abuse that comes from lenders of student loans like the DOE and fannie and freddie

[spikefivefivefive]

None of the names you mentioned issue student loans. Fannie Mae issues standard mortgages and Freddie Mac securitizes them in a secondary market. There is, however, Sallie Mae who acts as a guarantor AND servicer of loans made by private companies.  You are really flaunting your stupidity. Why don't you salvage what little dignity you could possibly have left and shut the fuck up already. It's getting really pathetic.

[edgemontkodi]

oooh big man with little penis and little words...

[edgemontkodi]

Justice Story defined bankruptcy legislation in the sense of the Constitution as a law making provisions for cases of persons failing to pay their debts.1327

[spikefivefivefive]

So a congressional bill is the equivalent of a constitutional amendment? I know you're not a lawyer after all, but I need more clarification because I have a needle dick and a bird brain.

[edgemontkodi]

no you got it wrong needle dick and small mind not brain...Assuming your human you probably have a normal size brain but mind weelll a parrot probably has a larger mind than you

[spikefivefivefive]

So a congressional bill is the equivalent of a constitutional amendment?

[edgemontkodi]

You seem to know so much about it I'll take your word for it

[edgemontkodi]

By the way spikefivefivefive on a personal note I had an aunt that owned a farm and had to declare bankruptcy three times in her life. She was not rich and if she would not have been allowed to declare bankruptcy they would have stopped producing food(along with many other farmers)and there would have been no food to feed sarcastic arses like yourself. So you should be thankful for such laws.

[spikefivefivefive]

Thankful for the the laws that are in the constitution? It's great that the laws let someone work the system who obviously didn't know how to manage a business to the point of turning a profit. Thank God there are people out there who do. Otherwise, dumbasses like me would have to learn the rocket science of agriculture.

[edgemontkodi]

You do not understand history nor farming to make ignorant statements like that. You are an elitest as well.... You probably are pro agribuisness not small farmer. I wonder why you even hang at this location because no eants to listen to your small mind nor envision your small penis. unfortunatly there is a right to free speech to allow self defined dumbasses to say things that you do

[spikefivefivefive]

You are evidently ignorant as well, especially about economics and business. It must run in the family. Stop embarrasing yourself already.

[edgemontkodi]

Like I said spikefivefivefive lttlemind + little penis

[spikefivefivefive]

"unfortunately there is right to free speech"? And then you say debt is a form of indentured servitude. What a retarded victim you must be. Go sign up for disabilty NOW. They won't be able to garnish your welfare check, and you will be SET FREE from the VICTIMHOOD of INDENTURED SERVITUDE caused by the DOE issuing you LOANS upon which you DEFAULTED which is your RIGHT written in the CONSTITUTION along with the UNFORTUNATE RIGHT TO FREE SPEECH. lmao@retarded old bottom gurl

[edgemontkodi]

? --- I might misspell but you clearly can't write. Like I said ,needle dick, I will not tell you my situation... All I can say is there are a lot of good people in bad situations due to the student loan industry

[spikefivefivefive]

Yeah, they force people to borrow money.

[spikefivefivefive]

How is the DOE the one who "denied" you your "right" to bankruptcy? Where is the constitutional amendment guaranteeing you a right to bankruptcy protection?

[learn2speak]

Well said mate. Fuck em. Enjoy your life, its one you have.

[ptekgrun02]

pay off student loans with credit cards, then go bankrupt. Fuck your credit rating, learn to live cash and carry.

[AnotherAgnostic]

@ptekgrun02, that is actually fucking genius.

[nganjali]

loser ,Canada wrote off over 50 million bucks in Stew Loans...my education was fucking free!!!I love my country Canada...the best in the world!and ALL my healthcare if free,you Yankee suckers!!!See you eatin catfood in 30 years!

[derrobb]

You are a piece of ****, I took student loans for my undergrad from the Bank of Nova Scotia never missing a payment. Yes, we have health care and entitlements. Scumbags like you, given the extent the feds will go to accomadate in times of distress, are shameful. To brag, with privoto, our neighbours woes and economic lifeline, obviously not an economics major! For how much longer do you think we (Canadians) will be able to provide those wonderful perks if more choose to behave as you do?

[wojtek0000]

fuck this schmuck. he's getting paid by somebody. why else would a guy who is almost retired make a video like this. fukin jew!

[rabblerouser]

if you have to borrow money for university, you don't belong there.

[edchaos2]

those loans are set up so that you never pay them off. e.g. every year your loans are bought and sold. evey time they do this the add 25% of the pricipal plus interest. a $7200.00 loand will end up costing as much as 40-50 thousand.

[daniel7777712345]

Sorry, but your statement is quite uneducated. It would be best for you if you did more research before giving false statements.

[ghostofxmaspast]

that's bullshit. They don't sell your student loans, ever.

[rambydave]

educated, but poor. I got scammed by my professors who told me that my BS in environmental health would be marketable. They just needed majors to protect the security of their own professor jobs. I work at a factory alongside people with GED's and I have a BS and an AAS. Fuck the World!! I owe $45,000 in student loans and I owe $8000 in credit cards. I'm fucked.

[kmcl11]

Have you allowed these to go into collections?

[wojtek0000]

that's why this country is going to straight to hell. education should be free for all!

[puncher10]

what happens if someone LEAVES the country? HOW is the Govt going to track them down? LOL XD

[timanonymous]

If you leave the country the loan gets sold to a lender in the country you moved to. Then the collection agency there will harass you in that country. Unless you live like a fugitive, refugee, or move to a country hostile to the country you left. This is what I read online somewhere.

[kmcl11]

Not true for me. Mine is credit card debt. For these debts, they cannot pursue you in another country's court. I doubt this for fed debt as well.

[4merCIA]

They cannot do anything in another country except ask you to pay, they can't force you to do anything in most Latin countries because their courts don't sympathize with the US tactics. Collection agencies do not exist,and no one is sympathetic to their requests. Telephone harassment isn't tolerated in many countries and is often illegal. The American Embassies have personnel whose task it is to trace American citizens whereabouts for things like student loans and child support enforcement.

[4merCIA]

In many countries in Latin America 'COLLECTION AGENCIES" do NOT exist even. I lived over 20 years in another country without making a payment then when I returned I voluntarily paid off my student loans. It is against the law for collectors to hound you in many countries.

[edgemontkodi]

I don't think you have to leave. I believe if you put your money into a trust of some kind DOE can never touch a dime of it. This way if you have a house or retirement fund they can not force you onto the street.. as much as the doe would like people to live on the street in order for you to pay back loan .. there is a way to fight back this beast

[puncher10]

SUCKERS! next time do NOT get a student loan! idiot students. LOL

[wojtek0000]

fuck u you silver spoon baby. ur mother looks good to you with all that plastic surgery.

[HowieTheFink]

Fear mongering aside, the old addage of 'you can't get blood from a stone' holds true. I don't let creditors or pundits scare me into paying what I don't want to pay.

[kmcl11]

That is what I was wondering. If you cannot pay it, collections and lawsuits wont help.

[musicman111a]

hehe

[ANDREWEBSTER]

thank you so much for doing this video

i am manager at a company called cti we deal with people who do not pay there loans

[ANDREWEBSTER]

thank you so much for doing this video

i am manager at a company called cti we deal with people who do not pay there loans

i garnish people everday who do not pay there loans

[keithc71]

i got tricked into college, what a waste of time, i could now go back and teach the so called professors from what i learned on my own, good video but college is just another way of ripping off those who are trying to better themselves.I suppose everyone has to eat but robbing from those who try to better themselves is wrong and then we pay 40 grand a year to keep some crackhead muderer in jail ea yr and give the piece of shit cable tv and 3 square meals a day

[krapfeaster]

I'm guess you never taught one how to spell. College was the best investment of my life. Making 300k a year off my education. thanks

[keithc71]

300k my ass get out of dreamland

[LeftLiberalSoCal]

LIAR. YOU ARE NOT MAKING 300K. You are a Fing Liar.

[edchaos2]

you must be a plastic surgeon...

[kmcl11]

I know someone making 120K a yr from a trade school! In fact many self emplyed people do not have a lot of education.

[LeftLiberalSoCal]

Lol!