Cullinary School? For God's sake man McDonald's will hire you off the street, without a degree, in their Management Training program at $22,000 per year. You are going to be paying $11,000 a year in interest alone on this debt. You want fries with that?
2:275 THOSE who gorge themselves on usury behave but as he might behave whom Satan has confounded with his touch; for they say, "Buying and selling is but a kind of usury" - the while God has made buying and selling lawful and usury unlawful. Hence, whoever becomes aware of his Sustainer's admonition, [264] and thereupon desists [from usury], may keep his past gains, and it will be for God to judge him; but as for those who return to it -they are destined for the fire, therein to abide!
its lucky i have the internet and was able to learn of the horrible dealings had by others with Sallie Mae. At this point from what i have read and heard, selling my body to the street would be a better payment plan for my school..
The bankers are trying to turn our generations into debt slaves, and you fucking morons STILL have not waken up. Until all you people start talking about a revolution I'm just not going to give a shit what you have to say.
Sallie Mae is SCUM! STAY AWAY! They can garnish your wages, YOU CAN'T get out of these loans, not even in Bankruptcy! They own you and can get away with murder! PIGS! PIGS! PIGS! If you do not repay them before you die, they can garnish your estate! How can you sleep at night when American students are trying to better themselves? SHAME ON YOU SALLIE MAE!! please also google screw sallie mae, you will find a site dedicated to them! WAKE UP AMERICA private student loans SCAM!
Are you going to pull the same whiney, crybaby routine when your mortgage company or lender for your car loan starts expecting you to pay? Maybe you should exercise some personal responsibility for your actions and accept the fact that you signed on for more than you could afford. No one's fault but your own.
If you cannot pay, they can repossess the car and foreclose on your home. You can't clear student loans in bankruptcy. They can still garnish your social security.
Although a person does have personal responsibility, student loan companies should at least have an income based payment plan. Charging credit-card like interest plus late fees,etc is crazy. This will be the next bubble that will burst.
This is highway robbery! It's hard to believe how bad things have gotten. They might as well dissolve Congress, since except for an important few, they largely don't represent the People anymore. They represent their corporate masters, plain and simple.
the sharks will suspend or maybe even take your hard earned professional "state" license then you have no job to pay with.....Its hard getting a job at Mcdonalds walmart etc when the hiring manager feels your over qualified for the position.....and how does 4x turn into 12x and continues to grow on daily basis? wher they do that at?
If it's a private loan STOP paying it, stop trying to pay it, get a C&D order against it. The worst they can do is garnish wages and if you are barely earning anything to begin with they are not going to be able to garnish. Be sure to fire off C&D letters to stop the calls and harassment. After this is sent, any collection calls are now a thing you can sue them for. Record every call you can, catch their illegal practices on record.
I really feel for you who are in the same position as so many others and humbly suggest you look into moving out of the country like the refugee you are. Don't wait until you've wasted years paying back debt you can never be rid of. There is no shame, we are not the ones who brought things to this point.
America is a sinking ship, it'd make to sense to leave even without the burden of crushing debt from a useless degree.
I feel sorry for you..but..I mean..60 grand to go to culinary school? My brother is chef and he didn't even go to school. He got a regular job at a Marriot chain hotel...and he worked his way up to head chef. He STILL works there after all of these years. Going into debt for a chance at a career is STUPID. Don't feel bad..I am guilty of taking loans out as well. Sallie Mae is(WAS) one of my lenders. I just paid those sharks off in full last week after they owned my loans for only a week.
this guy is so funny he is blaming sallie mae because his school required him to pay a huge amount to go there culinary schools all cost 50 + thousand bucks to attend how is sallie mae the bad guy read before you sign jackass. THE SCHOOL RAPED YOU IDIOT!
this guy is so funny he is blaming sallie mae because his school required him to pay a huge amount to go there culinary schools all cost 50 + thousand bucks to attend how is sallie mae the bad guy read before you sign jackass. THE SCHOOL RAPED YOU IDIOT
What am I going to do? I can not repay my student loan. I also can not hardly pay my utility bils, car insurance, rent, health care ect. I'm worried. they did the same thing with my loans.
There is currently legislation that would force Sallie Mae to work out settlements with students in the Congress as we speak. Google Private Student Loan Bill 2010. Thanks to John Bahner, it'll probably get shot down since he was paid over 200K by lobbyists last time to make them impossible to settle or file for.
Why no action againt these schools? arent they the ones that should be held accountable? If lenders start losing their money via bankruptcy, what happens to further student who want to borrow and interest rates? Think people, think!!!
Government loan (stafford loans) started at 1.8% fixed rates... Now they are at (5.6-6.8%) why the change? People that defaulted on loan thats why!
No offense to alancollinge, but you should have known better. Period.
You picked a profession that you thought would be "fun" , and would make you money at the same time.
GROW UP. Get a real skill. Learn a medical skill. Learn an electrical skill. Learn a computer skill. No, you go to school in CALIFORNIA? AND TAKE A LOAN TO LEARN HOW TO COOK FINE FOODS!?!!?!?!?! I guess all those cheap ass schools in Kansas where full? And the classifieds are full of "Skilled cook Wanted".
This guy is the moron that took the loan. YOU signed the papers. YOU decided to get a free ride. Why didn't you work your way through school. . WORK for what you want don't borrow for anyone because you become their slave. Like you so clearly are a stupid slave.
@baser11 HAHAHAHAHAHAHAHA, I read your stupid comment like a line in a play...you're the lamest character on the stage. The first line involves you looking at the audience (the internet) and the next lines you turned to the guy in the video with real problems and start blaming him for wanting to further himself via education. HAHA, you're a class A douche ball...
"like you so clearly are a stupid slave" <---this is what clenches the whole thing. AHHHHHAHAHA
School is an investment, like any other investment a person should look into what the returns are going to be. If he invested in land on the moon, wouldnt you consider him a retard then?
He was ready to spend 40k on cooking school, with out looking into what the job market looks like... Baser is correct this dude is a retard
@Braveslion --Not entirely... I'm not sure what this mans capabilities are, but I'm stuck in a similar situation and I graduated at the top of my High School and College class. When I started my degree the markets were great, but when 2008 rolled around and the economy collapsed, my job went with it. Not all of us are just irresponsible borrowers. The difference is that Sallie Mae assesses 0 risk, while the student and tax payers assume all risk.
rachel believe it or not college for the most part is a scam... sure if your in a medical or enginering field it make sense to further that education. People are much better off going to a tech school and learning ACTUAL skills ie (plumbing, electric, engine techs) things like that. So people who tell me they graduated "top" of the class and their field was Busniness, history, phsyic, politcla sci etc, have fun working at a dept store.... Pffffft
@Braveslion. I currently attend oakland community college in royal oak michigan and currently taking an intro to film class and yes i know it's useless but my mom and a councler pressured me into taking it to raise my gpa. If i get through this class, i plan to courses in computer information systems, do anyone think this is a good field to go into or am i getting ripped off. When i first looked inot one of the computer classes, the book for one of them was called microsoft 2010, it's now 2011
@Videowatcher198 Want some advise... Pretend that you have the degree that you are trying to get right now, try to find a job, heck even apply for some... See if you even get a CALL back... Check what the starting pay is... If wha the starting pay is, is LESS than what you will OWE when you are done with school, then you shouldn't bother... example Business school Cost $57,000, Starting pay $33,000... Or put it another way, if said give me 57k and I would give you 33k would you?
@baser11@baser11 HAHAHAHAHAHAHAHA, I read your stupid comment like a line in a play...you're the lamest character on the stage. The first line involves you looking at the audience (the internet) and the next lines you turned to the guy in the video with real problems and start blaming him for wanting to further himself via education. HAHA, you're a class A douche ball...
"like you so clearly are a stupid slave" <---this is what clenches the whole thing. AHHHHHAHAHA
"The rich rule over the poor, and the borrower is servent to the lender." Proverbs22:7
Thats how "They" think, thats how "They" work. Debt is debt, it does not matter how you put it, all that matters is Who issues it. Rich has nothing to do with money, its all about abundance. The Vatican has an abundance of KNOWLEDGE, its all a matter of what you are willing to do to get it.
LOL he said "im 26 years old and I cant get my life started" LMFAO! EPIC FAIL! Alan you are a dumbass. YOU signed a contract. YOU borrowed money which of coarse YOU must payback with interest. LOL 60 grand to go to cooking school? YOU are a fucking retard...
Like a guy I work with says, the best way to avoid student loans is to have rich parents.
Student loans exploit the poor by putting them deeply in debt while the rich graduate debt free and are able to spend the money they would have given Sallie Mae buying a house, car or other things.
Like in communism, there is a class that lives well while others get to work (slave) for them.
Did you read your MPN? Did your school certify your loan? Did you understand the quantity of money you were borrowing? Would you be mad if you took it out at another company? All student loan lenders are basically the same....
Student Loans are the worst thing one can do so do not do it. It is better to be poor without education than having a good paying job from education where your pay goes to student loans and you are a slave. No education and stupid= Free to be ignorant and poor, Education and intelligent= intelligently poor and a slave
@keithc71 ..I seriously think I would be better off right now if I didn't go to college....now I'm Sally Mae's bitch....I could have spent those years perfecting a trade or something.
Education is merely a program- college education does not make one 'intelligent'.. it just programs the tool to be a more useful tool for whatever job needs filling.
Real education comes from real life failure and real life.. not loans and college..
You're not alone. 59,000 dollars here from those sons of bitches, for a fucking associates degree. Can't move out of my parents house and I can't find a job. I'm 24. Now they're threatening lawsuits. LOL!!! WTF are they going to take from me? I have no money...and its in 2 private loans and 1 government loan, and the reason for these two different types of loans is beyond me. They won't even let me consolidate these 3 loans cause ones a "private" loan and the other one is a "gov" loan.
@JacobTheRedWolf I hope you are kidding. 59K for an AA? I feel so sad for you. I owe about 10k and already stress out. I'm looking for a job right now and never go back to school again. It's was a waste of time and money. If i had work right after high school i would better off than now!
sallie mae is trying to get me to pay for a loan i co-signed. i sent them proof that i was a victim of i.d. theft. but they wrote me that there was not enough evidence that fraud was committed and i have to pay for the loan. they will not send any paperwork about the loan. so now i have to figure out how to take sallie mae to court and have a judge to dismiss their collections and fix my credit. anybody got any ideals to fix this problem?
Your interest rates depends on your credit worthiness and your willingness to pay dumbass, that's why its that high. Learn to read the terms and conditions of the loan before you show us that paper. LOL
Culinary school is the biggest fucking rip off anyone can make. Unless you won the lottery or have extremely wealthy parents, don't even bother. The Mexicans with no formal training probably makes 3-4 dollars more than a graduate.
would one go to singing school for 30k. look at hillary duff, spice girls, just SING IF U CAN like susan boyle. so free. all top franchises jack in box, etc have mexicans cooking our food. WHY CULINARAY SCHOOL. go to china, buy the best audio tape cooking book, cook at home. COST: 0.
ANY RESTAURANT IN USA DOES NOT REQUIRE ANY LICENSE TO COOK, OPERATE, RUN a RESTAURAnt. ANYONE FROM ANY CONTRY that can cook, come to US and COOK> How can you test thai food ? every cuisine is different. stupid ameri
hmm.. it is his own fault. He said he went to Culinary Arts Academy. Those are for profit schools, reffering to Sallie Mae, so they win.
Honestly, he is the dumbest guy walk on earth. Any Chinese,Thai, Korean luxury restaurants do not speak english and there is no gov. requirements to be a licensed cook to open and operate a restaurant. a mom can open.Look at Mc donalds. All you do, is get a cooking book from your local library and cook. Why on earth you go to culinary school for 30k per year ??
Goes to show how important it is to research a career before you get formal training for it. A little bit of research shows that most high-priced culinary schools are scams and that the average restaurant cook can't hope to cover the costs of their schooling. I know a girl who dropped 80,000 to learn to become an artist. Even Picasso couldn't have covered the cost of those loans! Stop and THINK before you drop a ton of money on a potentially useless education!
so tired of you guys complaining and blaming sallie mae and other loan companies for something YOU AGREED to...if it didnt work out, its your fault, you knew what you were getting into, student loans arent complicated...i have two for 25,000 each...theres an interest rate, and payment dates, pretty simple....if ur screwed, its ur own fault, people need to accept responsibility instead of blaming everyone else...
@ Braveslion1 AND @ motleyhar STOP WASTING SPACE WITH YOUR STUPID STUPID STUPID FKING PLAYGROUND ARGUMENT AND GET BACK TO THE SUBJECT AT HAND: SALLIE MAE. THIS IS WHY NOTHING GETS DONE WITH THE LITTLE GUY, YOU'RE ALL TOO BUSY NIT PICKING LITTLE ARGUMENTS AGAINST EACHOTHER.
@bonghitter32 you can't do that, you sign a mpr that says through thick and thin, you will pay back that loan. They can throw you in jail if you don't and then still expect you to pay back the original cost of the loan
@jjw0782 you can get thrown in jail if you default on your loan. As i said you sign a MPR, MASTER PROMISSORY NOTE. I myself have had to sign these and reading the entire thing, you would know that either 1 of 3 things can happen if they don't get the minimum payments. They will dock your pay, Or they will sue you if you don't have a job, and if you don't pay either way they can throw you in jail for up to 5 years and you still have to pay the money back because it was court ordered.
You can't do that, cos the fed gov can withhold funds directly from your paycheck/social security/ your bank account if you fail to pay. Unlike credit card debt, student loans cannot be discharged thru bankruptcy, so instead of using a student loans to fund your education use you credit card, you can default on it if need be, and don't give a shit about your credit score, you can rebuild it a lot faster than you can pay back sallie mae.
too bad he's gonna pay anyway even if he declares bankruptcy, why? because all students loans if you trace them are investments of the gov't . The agencies that provide these services are getting their money from them hence the term "lending tree" . Even after bankruptcy, his checks will be garnished well into retirement- I know my mom is still paying hers that way
I don't think these people realize that it's in the best interest of the tax payer if bankruptcy rights are restored. It would force Sallie Mae to settle student loan debts without a student being 'forced' into bankruptcy. It's just fiscally prudent
I totally agree with this sentiment, but sadly it's not that easy :/ Thanks to legislation passed in 2005, private student loans are no longer able to be discharged in bankruptcy. I'm worse off than this guy actually, but there is nothing we can do about it. We literally sold our souls the minute we signed those papers. I wish I would have never gone to college :/
You knew your intrest rate when you got your loans man...its your own fault. Pay your bills on time and know what loans you apply for. Intrest rates are variable and you also knew that when signing your contract.
@ahalstea84 I'm not sure it's all his fault. The colleges provide students misinformation that shows they will likely be empolyed, and at a rate where they can afford to pay back on the loans. However, in reality it is very diffcult, especially for students, to find jobs after they graduate, or while they are in school. Yes, he may have known what the interest rate was, but he may not have known that the information the colleges gave him was in fact incorrect.
@2plnkr EXACTLY. It's bad all over the American higher educational system, but worse at the private;y owned and run universities. Goldman Sachs has gotten into the act, which is THE indication that this system is a scam. The U.S. Congress is also complicit in that student loans are practically undischargeable through bankruptcy. Watch, they'll make it where you will be denied a passport if you're in default, and they'll take away your Social Security. Have a nice life, America!
100 percent agree. This system is completely a scam. I have Sallie mae loans, for a second degree. When I went to college before, loans were regulated better. But this is the result of "free-market" deregulation, a free for all for big banks and loan sharks who don't have to worry about any consequences.
@ahalstea84 He just said he doesn't make enough money to even pay his rent let alone the $1700 monthly payment or the late fees. I believe in the free market system but this is nearly as bad as taking a loan from the mob. Except the mafia can't garnish your wages or confiscate your tax returns. This is a classic case of corporate crony-ism. The bankers are in bed with the politicians allowing such unprecedented actions... It is cruel and unusual. This man has no hope of success.
@Videowatcher198 No, that is debtors prison and it's illegal. The whole reason Sallie Mae charges such high interest is because of the correlation of risk associated with lending to students; the risk of not getting their money back. However, they still charge high interest and have the power to garnish wages and confiscate any tax returns students may receive. SM has a 25 year window to do this. Most of these kids who get into these loans have no idea what they're getting into. Flee the county.
Oh my god, I should have youtubed Sallie mae before I took out my loans. I now have over $1000 in interest on one of my loans -- I have only been in college for three years. I am a music major and teach part-time right now.
Sallie Mae is SCUM! STAY AWAY! They can garnish your wages, YOU CAN'T get out of these loans, not even in Bankruptcy! They own you and can get away with murder! PIGS! PIGS! PIGS! If you do not repay them before you die, they can garnish your estate! How can you sleep at night when American students are trying to better themselves? SHAME ON YOU SALLIE MAE!! please also google screw sallie mae, you will find a site dedicated to them! WAKE UP AMERICA private student loans SCAM!
2 all the geniuses who say it's r own fault, that we made a "choice" to take out those loans: Student loans r a form of "financial aid." We r FORCED to take them out in order 2go2 college. I spent HOURS researching grants &scholarships b4 I went to college. There weren't any that wd cover my entire tuition costs. This isn't the 50s--WAKE UP! Tuition costs r so high now that most students must take out loans in order 2 afford 2go2 college &w/o a degree we're told we won't we won't succeed.
Very truthful comments and I agree 100%. Students are told they need to go to college or else like it's gospel. They want to suceed and do what's right and thier good intentions are being used against them. Nobody EVER tells them about the million other careers in Trade School and specalists that pay just as much if not more than a BA in which you have almost nil student debt, These people are like parrots "go to college" "go to college". F-k you your LIVING IN THE PAST this is NOT the 1960's
What's irritating is the abject ignorance out there. I'm talking about the ppl who say, "just pay it off." Look, it's not rocket science here, many of us wd have to earn at least $100K per year to pay off those loans. We're lucky if we can find jobs that pay $20K per year in this economy. Some of us can't find ANY job at all! So we CAN'T pay them off. Salaries aren't high enough. Most ppl don't earn $100K or more per year. Wake the F up!
There's usually no way to pay these loans off. People are graduating 70-100-200k in debt lucky to make 30-40k per year. You have 200 people with degrees competing for a shitty 30k job. This is just insane. These people are out of touch. Many are older/middle aged and grew up during a time when a high school grad could get a job and was instant middle class. House, car, stay at home housewife baking cookies. All of this is 100% true people look it up. Things are NOT the same anymore by far...
It is so funny that the people complaining about now having to pay these loans back, LOVED Sallie Mae when they wanted the money. You were all well aware of the amount of money that you were borrowering and that some day you would have to pay it back. It's not Sallie Mae's & the government's fault that your degree didn't get you that high paying job that you so desired coming out of college. Man up, pay back your debt, and stop whining. Credit cards charge much higher interest rates!
I went to college to better myself. Sallie Mae charges me more than I make in a month & that was for 1 loan. I got 12. I told them I couldn't pay, they refused to consolidate do to "insuffient income". And when I lost my job I asked what I could do, there answere "NOTHING." I barely make enough to pay rent, I can't pay them even close to what they're asking for. I can't handle it, I cry everyday. My boyfriend and I want to start a family. With SLM taking all my $ it will never happen.
Just for the record Xtremelyopinionated legal or not they have and continue to change around loans without any consent from the borrower. The number of loans I have for certain years from Sallie Mae has shrank without ANY physical or digital forms being sent to me. Interest rates increased from 6.7% on 8 loans to becoming 5 loans with ranges from 8.5% to 13% interest rates yet I've never signed off on anything from Sallie Mae allowing them to do so.
Sallie Mae is the devil!! They tried to take away some payment reduction offers in the terms of my loan and claimed that because they couldn't get a hold of me via email I lost the right to receive credits against my loan! I had to get the BBB involved to get them back.
Do you think any company would risk losing their obligation of having you pay back a debt you asked for without having a new signed commitment from you? I'm just saying....
Educate yourself for free by researching online prior to making yourself look like an idiot infront of the masses. A loan is just that a loan. You not asking your family for the money your asking a company. It is a business. P.S. A company cant turn 17 loans into 5 without your signature. It would negate the 17 promises you made to pay on the orginal loans.
@Braveslion1 I wont stfu, you stfu. I am right, you are wrong. Until you realize that, I wont stop. You either shut up or admit you're wrong, fool. Student loan... paid by the Army. Would they pay 60g's? HELL NO! But they would pay most of it and he could pay off the rest with a bonus (22k right now for 25S). Don't question me, I know more than you.
@Braveslion1 You dont know anything about this type of loan. Look at the document. I am an Army Recruiter, there... I said it. That's how I know what is and what is not accepted. Also, there is no way you know anything about student loans as your grammar is atrocious and being a student would have resolved that issue. Go away.
@motleyhar it is time to put an end to your ignorance.This is a Private Student loan; I would assume the "Sallie Mae Signature Loan."How do I know that? Because the rate is 17% you damn retard thus, private loan. Allow me to educate you further.
Federal Loan: Stafford Unsub/sub Loan (5.6-6.8%), Parent Plus, Graduate plus loans (8.5). These loans have FIXED rates, unlike Private VARIBALE rates.
@motleyhar I also find it appalling that you would know so little about your job and tell someone looking to join the Army their private loans would be paid for...
@Braveslion1 I am obviously having a conversation with a brick wall. I have told you time and time again to do research yet you blatantly refuse. You keep bashing your head into the same brick wall that I am speaking into. This is a ridiculous conversation and no matter what I say, you don't listen. Look into the OCS program and their loan repayment. They dont get the GI Bill so they get a separate loan repayment program. You actually frustrated me with your ignorance. Good job.
@Braveslion1 It's not wrong. Do you know what OCS is? I just did an OCS application. I am so done with you. You're obviously borderline retarded and have no clue what you're talking about. You're just talking out of your ass now at this point and its sickening. Shoo fly, shoo.
As long as you keep your accounts in good standing you can put off payment for a very long time. You should read the fine print before signing anything. Remember they have income sensitive programs for repayment. I think it's something like 4% of your monthly wages go to paying the loans off. Of course it takes forever to pay it off then-like the rest of your life, but you did sign. I did, my princple is over one hundred thousand now. So try not to worry about it. Its what I do.
It's this kind of crap that's really pissing people off. Everyone's saying that the problem is capitalism. But the problem isn't capitalism. It's a system where there are investments without any risk and the taxpayers and students have to make all of the risks. All Sallie Mae has to do is to collect checks. That's like what happened with Wall Street. As Gerald Celente says, "When people lose everything, they lose it!"
Oh Sallie Mae won't kill you....they just want to torture you. They want to keep you under their thumb forever if they can.
College now is a cash cow for the corrupt people who run them. Sallie Mae, like a vampire, feeds off the unsuspecting fresh blood that comes in every year.
Forget Osama Bin Ladin or Iran or North Korea. They are small time operators compared to the anti-American, anti humans at Sallie Mae.
Thank you for posting this video. YOU CANNOT AFFORD TO PAY. It's that simple. And DO NOT let anyone else (your family) pay EVEN IF THEY OFFER because it is a WASTE. You are going to have to WAIT and in the meantime structure your life around having low credit. In one sense you should have known better. In another sense you are a victim. Do not pay Sallie Mae one bloody cent.. The President just passed his only good law so far - Private student loans (Sallie Mae) are finished. Look it up. 8)
It is this kind of thinking that makes Sallie Mae to increase peoples rates... think about it they gave this guy 40k of THEIR money, he doesn't pay... Guess who does, everyone else working hard paying off their loans... Why dont liberals ever see ripple effects?
The US government whores itself out to corrupt corporations who contribute nothing to the economy, trapping students in serfdom (worse than criminals) while paying trillions in corporate welfare to crooks in the predatory lending and health care industries, fighting a stupid war in Iraq.
If this crony capitalism, anti-citizen BS continues, there will be a painful REVOLUTION in the USA soon. Smart Americans already emigrate in large numbers. And it just needs obvious reforming and corrections!
This sucks man. He was pursuing a dream and trying to do the right thing by going to college and bettering himself and now he is a slave. I think one should have to pay their loans but not at a 17-18% interest rate. This video was posted awhile ago and i'd like to hear what your loan status is now
SallieMae is nothing but a legalized government approved organization of crooks. Did you see where their CEO has made enought money for his own private golf course? Don`t look to the government. While the country is in an economic crisis, congress votes to buy a sleek very expensive jet to hall their sorry butts around at tax payers expence. We have to pay taxes to auto makers while they keep their billions in thier private bank accounts. The U.S. Governent is a criminal organization.
First of all when you have $150 in "other fees" that gets there when your broke ass can't pay the forbearance fee and Sallie Mae is being nice enough to keep your loan from default by basically giving you a free forbearance!!! Maybe if YOU listened on the phone instead of bitching about how Sallie Mae can't help you you would HEAR that forb is going to add interest to the principal of the loan!! Stop being such a dumb ass go get a job and pay you bills! How many americans do it EVERYDAY!?
The government takes better care of people who have committed crimes than it does for the honest hard working American. Everything is free with our tax money. Social Services is a good thing for those who need it, but shame on those who have baby after baby and lie to Social Services for money. That money should go to the families who need it, not lazy people. How many wars do we have to fight? Can we send enough space programs up? What about food and medicine for those who need it???
I only asked to be given a payment plan I could afford and they sent me a letter shortly after saying they sold my loans to Progressive Finance which added 24 percent interest to my loans. I had no say at all. SallieMae did this right after I called seeking a payment plan. My work checks were garnished for seven years. I paid thousands. Government Loans? Shame on the United States. Other countries offer healthcare and education. The United States offers insurance and government loans.
Cullinary School? For God's sake man McDonald's will hire you off the street, without a degree, in their Management Training program at $22,000 per year. You are going to be paying $11,000 a year in interest alone on this debt. You want fries with that?
romanmel1 1 week ago
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rockertothecore 4 weeks ago
LOL.
NyMarianne554 1 month ago
2:275 THOSE who gorge themselves on usury behave but as he might behave whom Satan has confounded with his touch; for they say, "Buying and selling is but a kind of usury" - the while God has made buying and selling lawful and usury unlawful. Hence, whoever becomes aware of his Sustainer's admonition, [264] and thereupon desists [from usury], may keep his past gains, and it will be for God to judge him; but as for those who return to it -they are destined for the fire, therein to abide!
onewhosubmits 3 months ago
its lucky i have the internet and was able to learn of the horrible dealings had by others with Sallie Mae. At this point from what i have read and heard, selling my body to the street would be a better payment plan for my school..
forresn 3 months ago
Check out Occupy Sallie Mae on Facebook
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DarkVengence1 3 months ago
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Feel free to leave your horror stories on my channel
collegedebtnightmare 4 months ago
I hope everyone at Sallie Mae get AIDS
cellmeplz 4 months ago
ooo that makes me angry!!! This makes me so ill!!!
honeybunch2k6 4 months ago
INDENTURED SERVITUDE
The bankers are trying to turn our generations into debt slaves, and you fucking morons STILL have not waken up. Until all you people start talking about a revolution I'm just not going to give a shit what you have to say.
guidoman100 5 months ago
@guidoman100 Occupy Wall Street is starting up. They might need to start up Occupy Sallie Mae.
jteruel671 3 months ago
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Sallie Mae is SCUM! STAY AWAY! They can garnish your wages, YOU CAN'T get out of these loans, not even in Bankruptcy! They own you and can get away with murder! PIGS! PIGS! PIGS! If you do not repay them before you die, they can garnish your estate! How can you sleep at night when American students are trying to better themselves? SHAME ON YOU SALLIE MAE!! please also google screw sallie mae, you will find a site dedicated to them! WAKE UP AMERICA private student loans SCAM!
facelessstateofmind 5 months ago
you where Brainwashed to succeed dude and im sorry..
Abadox 5 months ago
This shit makes me think about me being a terrorist. Those fuckers make me want to hurt people! BURN THEM ALL.
Well, not really..................
Yeshua9000 5 months ago
Fuck Sallie Mae
4q2pab 6 months ago
I graduated with over $80,000 in student loans... and don't have a job yet... FML
MoldytoasterMedia 6 months ago
Are you going to pull the same whiney, crybaby routine when your mortgage company or lender for your car loan starts expecting you to pay? Maybe you should exercise some personal responsibility for your actions and accept the fact that you signed on for more than you could afford. No one's fault but your own.
KGCRequiem 6 months ago
@KGCRequiem But it's not irresponsible for a creditor to lend unlimited money with no consideration as to whether the borrower can pay it back right?
Esoteric0714 6 months ago
Comment removed
casadebarcenas 5 months ago
@KGCRequiem
If you cannot pay, they can repossess the car and foreclose on your home. You can't clear student loans in bankruptcy. They can still garnish your social security.
Although a person does have personal responsibility, student loan companies should at least have an income based payment plan. Charging credit-card like interest plus late fees,etc is crazy. This will be the next bubble that will burst.
casadebarcenas 5 months ago
they will garnish ur wage so find a empolyer that pay cash cash or move to another country
samantha34ize 6 months ago
they will garnish ur wage so find a empolyer that pay cash cash
samantha34ize 6 months ago
just leave the USA dont pay them back
XervixZhangsun 7 months ago
to bad ur the one who borrowed the money-its ur fault
danieldaring 7 months ago
go west my friend (far east) leave america in the dust.
justgetsome 7 months ago
This is highway robbery! It's hard to believe how bad things have gotten. They might as well dissolve Congress, since except for an important few, they largely don't represent the People anymore. They represent their corporate masters, plain and simple.
derfowvayer 8 months ago
America, at this rate, will lose the status of the "number 1 economy in the world", very soon. I hate this debt based economy.
TheChromelover 9 months ago
the sharks will suspend or maybe even take your hard earned professional "state" license then you have no job to pay with.....Its hard getting a job at Mcdonalds walmart etc when the hiring manager feels your over qualified for the position.....and how does 4x turn into 12x and continues to grow on daily basis? wher they do that at?
victoryismyname 9 months ago
If it's a private loan STOP paying it, stop trying to pay it, get a C&D order against it. The worst they can do is garnish wages and if you are barely earning anything to begin with they are not going to be able to garnish. Be sure to fire off C&D letters to stop the calls and harassment. After this is sent, any collection calls are now a thing you can sue them for. Record every call you can, catch their illegal practices on record.
If it's a federal loan, get onto an IBR plan.
laomei 9 months ago
what is c n d?
victoryismyname 9 months ago
I really feel for you who are in the same position as so many others and humbly suggest you look into moving out of the country like the refugee you are. Don't wait until you've wasted years paying back debt you can never be rid of. There is no shame, we are not the ones who brought things to this point.
America is a sinking ship, it'd make to sense to leave even without the burden of crushing debt from a useless degree.
vivanPC 10 months ago
You Are NOT alone man!!! I'm going through the same thing. Sallie Mae needs to be stopped!!!
Finessewolf 11 months ago
I feel sorry for you..but..I mean..60 grand to go to culinary school? My brother is chef and he didn't even go to school. He got a regular job at a Marriot chain hotel...and he worked his way up to head chef. He STILL works there after all of these years. Going into debt for a chance at a career is STUPID. Don't feel bad..I am guilty of taking loans out as well. Sallie Mae is(WAS) one of my lenders. I just paid those sharks off in full last week after they owned my loans for only a week.
Rototill27 11 months ago
Student loan debt is modern-day indentured servitude. Someone needs to punish the loan sharks and politicians responsible for this. I can only dream.
luomio 11 months ago 13
@luomio Exactly. These fuckers need to be "eliminated".
Bllackguard666 5 months ago
join the air national guard
bwng05 1 year ago
Get some dope, hit the block....
jaj556 1 year ago 2
@jaj556
jaj556 1 year ago
Fuck the System!
lightbring0 1 year ago 2
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this guy is so funny he is blaming sallie mae because his school required him to pay a huge amount to go there culinary schools all cost 50 + thousand bucks to attend how is sallie mae the bad guy read before you sign jackass. THE SCHOOL RAPED YOU IDIOT!
kielbeze 1 year ago
this guy is so funny he is blaming sallie mae because his school required him to pay a huge amount to go there culinary schools all cost 50 + thousand bucks to attend how is sallie mae the bad guy read before you sign jackass. THE SCHOOL RAPED YOU IDIOT
kielbeze 1 year ago
@rashant21
Do you have to be part of the lawsuit for that or are they doing an over-all audit?
rachelswanson 1 year ago
What am I going to do? I can not repay my student loan. I also can not hardly pay my utility bils, car insurance, rent, health care ect. I'm worried. they did the same thing with my loans.
willybartlett 1 year ago
@willybartlett
There is currently legislation that would force Sallie Mae to work out settlements with students in the Congress as we speak. Google Private Student Loan Bill 2010. Thanks to John Bahner, it'll probably get shot down since he was paid over 200K by lobbyists last time to make them impossible to settle or file for.
rachelswanson 1 year ago
@rachelswanson
Why no action againt these schools? arent they the ones that should be held accountable? If lenders start losing their money via bankruptcy, what happens to further student who want to borrow and interest rates? Think people, think!!!
Government loan (stafford loans) started at 1.8% fixed rates... Now they are at (5.6-6.8%) why the change? People that defaulted on loan thats why!
Braveslion 1 year ago
What am I going to do? I can not repay my student loan. I also can not hardly pay my utility bils, car insurance, rent, health care ect. I'm worried.
willybartlett 1 year ago
No offense to alancollinge, but you should have known better. Period.
You picked a profession that you thought would be "fun" , and would make you money at the same time.
GROW UP. Get a real skill. Learn a medical skill. Learn an electrical skill. Learn a computer skill. No, you go to school in CALIFORNIA? AND TAKE A LOAN TO LEARN HOW TO COOK FINE FOODS!?!!?!?!?! I guess all those cheap ass schools in Kansas where full? And the classifieds are full of "Skilled cook Wanted".
cole91v 1 year ago
LOL
avataz 1 year ago
retard
nnn99nnn 1 year ago
What are people supposed to do? Go to djhives . com and read the new post about this video and debt. Damn sheep! lol
magic038 1 year ago
This guy is the moron that took the loan. YOU signed the papers. YOU decided to get a free ride. Why didn't you work your way through school. . WORK for what you want don't borrow for anyone because you become their slave. Like you so clearly are a stupid slave.
baser11 1 year ago
@baser11 HAHAHAHAHAHAHAHA, I read your stupid comment like a line in a play...you're the lamest character on the stage. The first line involves you looking at the audience (the internet) and the next lines you turned to the guy in the video with real problems and start blaming him for wanting to further himself via education. HAHA, you're a class A douche ball...
"like you so clearly are a stupid slave" <---this is what clenches the whole thing. AHHHHHAHAHA
seaeselesex 1 year ago
@seaeselesex Further himself via education?!
School is an investment, like any other investment a person should look into what the returns are going to be. If he invested in land on the moon, wouldnt you consider him a retard then?
He was ready to spend 40k on cooking school, with out looking into what the job market looks like... Baser is correct this dude is a retard
Braveslion 1 year ago
@Braveslion --Not entirely... I'm not sure what this mans capabilities are, but I'm stuck in a similar situation and I graduated at the top of my High School and College class. When I started my degree the markets were great, but when 2008 rolled around and the economy collapsed, my job went with it. Not all of us are just irresponsible borrowers. The difference is that Sallie Mae assesses 0 risk, while the student and tax payers assume all risk.
rachelswanson 1 year ago
@rachelswanson
rachel believe it or not college for the most part is a scam... sure if your in a medical or enginering field it make sense to further that education. People are much better off going to a tech school and learning ACTUAL skills ie (plumbing, electric, engine techs) things like that. So people who tell me they graduated "top" of the class and their field was Busniness, history, phsyic, politcla sci etc, have fun working at a dept store.... Pffffft
Braveslion 1 year ago
@Braveslion. I currently attend oakland community college in royal oak michigan and currently taking an intro to film class and yes i know it's useless but my mom and a councler pressured me into taking it to raise my gpa. If i get through this class, i plan to courses in computer information systems, do anyone think this is a good field to go into or am i getting ripped off. When i first looked inot one of the computer classes, the book for one of them was called microsoft 2010, it's now 2011
Videowatcher198 1 year ago
@Videowatcher198 Want some advise... Pretend that you have the degree that you are trying to get right now, try to find a job, heck even apply for some... See if you even get a CALL back... Check what the starting pay is... If wha the starting pay is, is LESS than what you will OWE when you are done with school, then you shouldn't bother... example Business school Cost $57,000, Starting pay $33,000... Or put it another way, if said give me 57k and I would give you 33k would you?
Braveslion 1 year ago
@baser11 @baser11 HAHAHAHAHAHAHAHA, I read your stupid comment like a line in a play...you're the lamest character on the stage. The first line involves you looking at the audience (the internet) and the next lines you turned to the guy in the video with real problems and start blaming him for wanting to further himself via education. HAHA, you're a class A douche ball...
"like you so clearly are a stupid slave" <---this is what clenches the whole thing. AHHHHHAHAHA
seaeselesex 1 year ago
They charged you xtra 20 to compensate for all the food you've consumed.
Vajtosan 1 year ago
"The rich rule over the poor, and the borrower is servent to the lender." Proverbs22:7
Thats how "They" think, thats how "They" work. Debt is debt, it does not matter how you put it, all that matters is Who issues it. Rich has nothing to do with money, its all about abundance. The Vatican has an abundance of KNOWLEDGE, its all a matter of what you are willing to do to get it.
knowquarter1 1 year ago
LOL he said "im 26 years old and I cant get my life started" LMFAO! EPIC FAIL! Alan you are a dumbass. YOU signed a contract. YOU borrowed money which of coarse YOU must payback with interest. LOL 60 grand to go to cooking school? YOU are a fucking retard...
SavagesInMyTown 1 year ago
Looks like Jared(you) is going to have to work at subway now.
Nice going jackass!
PROTIP:the giant bags of breakfast cereal are a great way to eat cheaply each month Be sure to stock up with your EBT card.
itstimetospill 1 year ago
Like a guy I work with says, the best way to avoid student loans is to have rich parents.
Student loans exploit the poor by putting them deeply in debt while the rich graduate debt free and are able to spend the money they would have given Sallie Mae buying a house, car or other things.
Like in communism, there is a class that lives well while others get to work (slave) for them.
bbbkahinharmony 1 year ago
Did you read your MPN? Did your school certify your loan? Did you understand the quantity of money you were borrowing? Would you be mad if you took it out at another company? All student loan lenders are basically the same....
johnnyhala 1 year ago
Sallie MAe is the devil!!
TraviesoFilmz 1 year ago
Student Loans are the worst thing one can do so do not do it. It is better to be poor without education than having a good paying job from education where your pay goes to student loans and you are a slave. No education and stupid= Free to be ignorant and poor, Education and intelligent= intelligently poor and a slave
keithc71 1 year ago
@keithc71 ..I seriously think I would be better off right now if I didn't go to college....now I'm Sally Mae's bitch....I could have spent those years perfecting a trade or something.
tswagg504 1 year ago
@keithc71
Education is merely a program- college education does not make one 'intelligent'.. it just programs the tool to be a more useful tool for whatever job needs filling.
Real education comes from real life failure and real life.. not loans and college..
carpetsandchairs 1 year ago
Haha dont pay those fuckers. Ignore them and laugh.
skunkapotamus 1 year ago
I have sub/unsub loan is that same as SML?
ferrari4sale 1 year ago
You're not alone. 59,000 dollars here from those sons of bitches, for a fucking associates degree. Can't move out of my parents house and I can't find a job. I'm 24. Now they're threatening lawsuits. LOL!!! WTF are they going to take from me? I have no money...and its in 2 private loans and 1 government loan, and the reason for these two different types of loans is beyond me. They won't even let me consolidate these 3 loans cause ones a "private" loan and the other one is a "gov" loan.
JacobTheRedWolf 1 year ago
Comment removed
ferrari4sale 1 year ago
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@JacobTheRedWolf I hope you are kidding. 59K for an AA? I feel so sad for you. I owe about 10k and already stress out. I'm looking for a job right now and never go back to school again. It's was a waste of time and money. If i had work right after high school i would better off than now!
ferrari4sale 1 year ago
@childsplay27 Don't commit suicide. Get a lawyer. God Bless.
FaithfulAndTrue1 1 year ago
This is terrifying... Just terrifying.
incandescentK 1 year ago
sallie mae is trying to get me to pay for a loan i co-signed. i sent them proof that i was a victim of i.d. theft. but they wrote me that there was not enough evidence that fraud was committed and i have to pay for the loan. they will not send any paperwork about the loan. so now i have to figure out how to take sallie mae to court and have a judge to dismiss their collections and fix my credit. anybody got any ideals to fix this problem?
mongo700 1 year ago
Your interest rates depends on your credit worthiness and your willingness to pay dumbass, that's why its that high. Learn to read the terms and conditions of the loan before you show us that paper. LOL
slickreddish 1 year ago
You have Sallie Mae also? I hate those fuckers!
reesescupbrandy1 1 year ago
THIS IS FUCKING OUTRAGEOUS.
Mimonixi 1 year ago
Culinary school is the biggest fucking rip off anyone can make. Unless you won the lottery or have extremely wealthy parents, don't even bother. The Mexicans with no formal training probably makes 3-4 dollars more than a graduate.
al821 1 year ago
would one go to singing school for 30k. look at hillary duff, spice girls, just SING IF U CAN like susan boyle. so free. all top franchises jack in box, etc have mexicans cooking our food. WHY CULINARAY SCHOOL. go to china, buy the best audio tape cooking book, cook at home. COST: 0.
ANY RESTAURANT IN USA DOES NOT REQUIRE ANY LICENSE TO COOK, OPERATE, RUN a RESTAURAnt. ANYONE FROM ANY CONTRY that can cook, come to US and COOK> How can you test thai food ? every cuisine is different. stupid ameri
rendertear15 1 year ago
hmm.. it is his own fault. He said he went to Culinary Arts Academy. Those are for profit schools, reffering to Sallie Mae, so they win.
Honestly, he is the dumbest guy walk on earth. Any Chinese,Thai, Korean luxury restaurants do not speak english and there is no gov. requirements to be a licensed cook to open and operate a restaurant. a mom can open.Look at Mc donalds. All you do, is get a cooking book from your local library and cook. Why on earth you go to culinary school for 30k per year ??
rendertear15 1 year ago
well the centers are closing and employees are losing your job. Good luck with your law suit. I'd suggest you consolidate with another company.
pogijuice9061 1 year ago
Goes to show how important it is to research a career before you get formal training for it. A little bit of research shows that most high-priced culinary schools are scams and that the average restaurant cook can't hope to cover the costs of their schooling. I know a girl who dropped 80,000 to learn to become an artist. Even Picasso couldn't have covered the cost of those loans! Stop and THINK before you drop a ton of money on a potentially useless education!
theproplady 1 year ago
so tired of you guys complaining and blaming sallie mae and other loan companies for something YOU AGREED to...if it didnt work out, its your fault, you knew what you were getting into, student loans arent complicated...i have two for 25,000 each...theres an interest rate, and payment dates, pretty simple....if ur screwed, its ur own fault, people need to accept responsibility instead of blaming everyone else...
jjjhs08 1 year ago
@jjjhs08 SHUT THE FCK UP IDIOT !!!!!!!!
Trojanman213 1 year ago
@ Braveslion1 AND @ motleyhar STOP WASTING SPACE WITH YOUR STUPID STUPID STUPID FKING PLAYGROUND ARGUMENT AND GET BACK TO THE SUBJECT AT HAND: SALLIE MAE. THIS IS WHY NOTHING GETS DONE WITH THE LITTLE GUY, YOU'RE ALL TOO BUSY NIT PICKING LITTLE ARGUMENTS AGAINST EACHOTHER.
"YOU'RE STANDS FOR 'YOU ARE'"
"YOU'RE GOING TO BE KILLED TOMORROW'
YOUR SHOWS POSSESION: "YOUR FLY IS DOWN"
THERE. SETTLED.
KDD7734 1 year ago
Just don't pay the motherfuckers. Problem solved
bonghitter32 1 year ago 18
@bonghitter32 you can't do that, you sign a mpr that says through thick and thin, you will pay back that loan. They can throw you in jail if you don't and then still expect you to pay back the original cost of the loan
Andyterranbase1 1 year ago
@Andyterranbase1 ur an idiot u dont get thrown in jail for not paying for a loan. u must work for sallie mae.
jjw0782 1 year ago
@jjw0782 you can get thrown in jail if you default on your loan. As i said you sign a MPR, MASTER PROMISSORY NOTE. I myself have had to sign these and reading the entire thing, you would know that either 1 of 3 things can happen if they don't get the minimum payments. They will dock your pay, Or they will sue you if you don't have a job, and if you don't pay either way they can throw you in jail for up to 5 years and you still have to pay the money back because it was court ordered.
Andyterranbase1 1 year ago
@bonghitter32
@bonghitter32
You can't do that, cos the fed gov can withhold funds directly from your paycheck/social security/ your bank account if you fail to pay. Unlike credit card debt, student loans cannot be discharged thru bankruptcy, so instead of using a student loans to fund your education use you credit card, you can default on it if need be, and don't give a shit about your credit score, you can rebuild it a lot faster than you can pay back sallie mae.
whatsinthatbox 1 year ago
@bonghitter32
too bad he's gonna pay anyway even if he declares bankruptcy, why? because all students loans if you trace them are investments of the gov't . The agencies that provide these services are getting their money from them hence the term "lending tree" . Even after bankruptcy, his checks will be garnished well into retirement- I know my mom is still paying hers that way
nnn99nnn 1 year ago
@nnn99nnn
I don't think these people realize that it's in the best interest of the tax payer if bankruptcy rights are restored. It would force Sallie Mae to settle student loan debts without a student being 'forced' into bankruptcy. It's just fiscally prudent
rachelswanson 1 year ago
@bonghitter32
I totally agree with this sentiment, but sadly it's not that easy :/ Thanks to legislation passed in 2005, private student loans are no longer able to be discharged in bankruptcy. I'm worse off than this guy actually, but there is nothing we can do about it. We literally sold our souls the minute we signed those papers. I wish I would have never gone to college :/
rachelswanson 1 year ago
@bonghitter32 he cant, the debt will become alot bigger and if he doesn't pay and finds a job, they take money from his paycheck.
pkidro 1 year ago
You knew your intrest rate when you got your loans man...its your own fault. Pay your bills on time and know what loans you apply for.
ahalstea84 1 year ago
You knew your intrest rate when you got your loans man...its your own fault. Pay your bills on time and know what loans you apply for. Intrest rates are variable and you also knew that when signing your contract.
ahalstea84 1 year ago
@ahalstea84 I'm not sure it's all his fault. The colleges provide students misinformation that shows they will likely be empolyed, and at a rate where they can afford to pay back on the loans. However, in reality it is very diffcult, especially for students, to find jobs after they graduate, or while they are in school. Yes, he may have known what the interest rate was, but he may not have known that the information the colleges gave him was in fact incorrect.
2plnkr 1 year ago
@2plnkr EXACTLY. It's bad all over the American higher educational system, but worse at the private;y owned and run universities. Goldman Sachs has gotten into the act, which is THE indication that this system is a scam. The U.S. Congress is also complicit in that student loans are practically undischargeable through bankruptcy. Watch, they'll make it where you will be denied a passport if you're in default, and they'll take away your Social Security. Have a nice life, America!
openuniverse2003 1 year ago
@openuniverse2003
100 percent agree. This system is completely a scam. I have Sallie mae loans, for a second degree. When I went to college before, loans were regulated better. But this is the result of "free-market" deregulation, a free for all for big banks and loan sharks who don't have to worry about any consequences.
auspiciousbunny 1 year ago 3
@ahalstea84 He just said he doesn't make enough money to even pay his rent let alone the $1700 monthly payment or the late fees. I believe in the free market system but this is nearly as bad as taking a loan from the mob. Except the mafia can't garnish your wages or confiscate your tax returns. This is a classic case of corporate crony-ism. The bankers are in bed with the politicians allowing such unprecedented actions... It is cruel and unusual. This man has no hope of success.
luomio 11 months ago
@bonghitter32. Cant they arrest you for not paying back your student loans.
Videowatcher198 1 year ago
@Videowatcher198 No, that is debtors prison and it's illegal. The whole reason Sallie Mae charges such high interest is because of the correlation of risk associated with lending to students; the risk of not getting their money back. However, they still charge high interest and have the power to garnish wages and confiscate any tax returns students may receive. SM has a 25 year window to do this. Most of these kids who get into these loans have no idea what they're getting into. Flee the county.
luomio 11 months ago
Oh my god, I should have youtubed Sallie mae before I took out my loans. I now have over $1000 in interest on one of my loans -- I have only been in college for three years. I am a music major and teach part-time right now.
auspiciousbunny 1 year ago 2
Sallie Mae is SCUM! STAY AWAY! They can garnish your wages, YOU CAN'T get out of these loans, not even in Bankruptcy! They own you and can get away with murder! PIGS! PIGS! PIGS! If you do not repay them before you die, they can garnish your estate! How can you sleep at night when American students are trying to better themselves? SHAME ON YOU SALLIE MAE!! please also google screw sallie mae, you will find a site dedicated to them! WAKE UP AMERICA private student loans SCAM!
facelessstateofmind 5 months ago
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@bonghitter32 the problem is if you dont pay they will take it out of your income taxes :(
cellmeplz 4 months ago
2 all the geniuses who say it's r own fault, that we made a "choice" to take out those loans: Student loans r a form of "financial aid." We r FORCED to take them out in order 2go2 college. I spent HOURS researching grants &scholarships b4 I went to college. There weren't any that wd cover my entire tuition costs. This isn't the 50s--WAKE UP! Tuition costs r so high now that most students must take out loans in order 2 afford 2go2 college &w/o a degree we're told we won't we won't succeed.
PurrGrrl 1 year ago
@PurrGrrl Then why is that video about Sallie Mae and not the California Culinary Institute?
Braveslion1 1 year ago
Very truthful comments and I agree 100%. Students are told they need to go to college or else like it's gospel. They want to suceed and do what's right and thier good intentions are being used against them. Nobody EVER tells them about the million other careers in Trade School and specalists that pay just as much if not more than a BA in which you have almost nil student debt, These people are like parrots "go to college" "go to college". F-k you your LIVING IN THE PAST this is NOT the 1960's
LeftLiberalSoCal 1 year ago
What's irritating is the abject ignorance out there. I'm talking about the ppl who say, "just pay it off." Look, it's not rocket science here, many of us wd have to earn at least $100K per year to pay off those loans. We're lucky if we can find jobs that pay $20K per year in this economy. Some of us can't find ANY job at all! So we CAN'T pay them off. Salaries aren't high enough. Most ppl don't earn $100K or more per year. Wake the F up!
PurrGrrl 1 year ago
There's usually no way to pay these loans off. People are graduating 70-100-200k in debt lucky to make 30-40k per year. You have 200 people with degrees competing for a shitty 30k job. This is just insane. These people are out of touch. Many are older/middle aged and grew up during a time when a high school grad could get a job and was instant middle class. House, car, stay at home housewife baking cookies. All of this is 100% true people look it up. Things are NOT the same anymore by far...
LeftLiberalSoCal 1 year ago
Let's march on Washington. It's time the American people are heard. This is getting out of control we need to really be heard.
shannwil 1 year ago
tell them i said to hurry the hell up.....
KingDrudge 1 year ago
It is so funny that the people complaining about now having to pay these loans back, LOVED Sallie Mae when they wanted the money. You were all well aware of the amount of money that you were borrowering and that some day you would have to pay it back. It's not Sallie Mae's & the government's fault that your degree didn't get you that high paying job that you so desired coming out of college. Man up, pay back your debt, and stop whining. Credit cards charge much higher interest rates!
Speakmymindtoday 1 year ago
I went to college to better myself. Sallie Mae charges me more than I make in a month & that was for 1 loan. I got 12. I told them I couldn't pay, they refused to consolidate do to "insuffient income". And when I lost my job I asked what I could do, there answere "NOTHING." I barely make enough to pay rent, I can't pay them even close to what they're asking for. I can't handle it, I cry everyday. My boyfriend and I want to start a family. With SLM taking all my $ it will never happen.
smiley3188 1 year ago
Just for the record Xtremelyopinionated legal or not they have and continue to change around loans without any consent from the borrower. The number of loans I have for certain years from Sallie Mae has shrank without ANY physical or digital forms being sent to me. Interest rates increased from 6.7% on 8 loans to becoming 5 loans with ranges from 8.5% to 13% interest rates yet I've never signed off on anything from Sallie Mae allowing them to do so.
DogDeadByRaven 1 year ago
Sallie Mae is the devil... just for a late payment they've made my credit score drop 90 points in one month. someone please tell me this is illegal.
justinallison116 1 year ago
Rashant21- I've been looking to follow this lawsuit. Is it still active? That would be awesome if it went through.
kaojin 1 year ago
Sallie Mae is the devil!! They tried to take away some payment reduction offers in the terms of my loan and claimed that because they couldn't get a hold of me via email I lost the right to receive credits against my loan! I had to get the BBB involved to get them back.
neuf71 1 year ago
Do you think any company would risk losing their obligation of having you pay back a debt you asked for without having a new signed commitment from you? I'm just saying....
Xtremelyopinionated 2 years ago
Educate yourself for free by researching online prior to making yourself look like an idiot infront of the masses. A loan is just that a loan. You not asking your family for the money your asking a company. It is a business. P.S. A company cant turn 17 loans into 5 without your signature. It would negate the 17 promises you made to pay on the orginal loans.
Xtremelyopinionated 2 years ago
FYI, if you lost weight and got into shape you could join the US Army. They would pay off the entire thing.
motleyhar 2 years ago
Nope... These are clearly private loans, the Army would only pay for Federal loans
Braveslion1 1 year ago
@Braveslion1 You obviously are uneducated in this particular field. I suggest you go back, do some research, and come at me when you are enlightened.
motleyhar 1 year ago
Lol okay retard.
Braveslion1 1 year ago
@Braveslion1 I am a retard yet you're the one who has a horrific lack of information. Gotcha.
motleyhar 1 year ago
Ha... Shut the fuck up you little clown.
Braveslion1 1 year ago
@Braveslion1 I wont stfu, you stfu. I am right, you are wrong. Until you realize that, I wont stop. You either shut up or admit you're wrong, fool. Student loan... paid by the Army. Would they pay 60g's? HELL NO! But they would pay most of it and he could pay off the rest with a bonus (22k right now for 25S). Don't question me, I know more than you.
motleyhar 1 year ago
@motleyhar Your wrong you foolish clown.
Braveslion1 1 year ago
@Braveslion1 It's "You're", btw. Again, go back... do research... correct yourself and then come at me. You really aren't prepared for me.
motleyhar 1 year ago
@motleyhar hmm... Nope your wrong, the military will not pay for private student loans you little cunt.
Where is you're (lol) proof that they will?
What, you have none? I know you dont d-bag.
Braveslion1 1 year ago
@Braveslion1 You dont know anything about this type of loan. Look at the document. I am an Army Recruiter, there... I said it. That's how I know what is and what is not accepted. Also, there is no way you know anything about student loans as your grammar is atrocious and being a student would have resolved that issue. Go away.
motleyhar 1 year ago
@motleyhar it is time to put an end to your ignorance.This is a Private Student loan; I would assume the "Sallie Mae Signature Loan."How do I know that? Because the rate is 17% you damn retard thus, private loan. Allow me to educate you further.
Federal Loan: Stafford Unsub/sub Loan (5.6-6.8%), Parent Plus, Graduate plus loans (8.5). These loans have FIXED rates, unlike Private VARIBALE rates.
Braveslion1 1 year ago
@motleyhar I also find it appalling that you would know so little about your job and tell someone looking to join the Army their private loans would be paid for...
Jokes aside you should be ashamed of yourself.
Braveslion1 1 year ago
@Braveslion1 I am obviously having a conversation with a brick wall. I have told you time and time again to do research yet you blatantly refuse. You keep bashing your head into the same brick wall that I am speaking into. This is a ridiculous conversation and no matter what I say, you don't listen. Look into the OCS program and their loan repayment. They dont get the GI Bill so they get a separate loan repayment program. You actually frustrated me with your ignorance. Good job.
motleyhar 1 year ago
Comment removed
Braveslion1 1 year ago
This has been flagged as spam show
@motleyhar you jack ass.... You said "join the army and they will pay it for you" which is wrong you foolish clown!
Braveslion1 1 year ago
@Braveslion1 It's not wrong. Do you know what OCS is? I just did an OCS application. I am so done with you. You're obviously borderline retarded and have no clue what you're talking about. You're just talking out of your ass now at this point and its sickening. Shoo fly, shoo.
motleyhar 1 year ago
@motleyhar Nope your wrong... Fag.
Braveslion1 1 year ago
@Braveslion1 Again, it's "you're". You're obviously not educated so why even try to step up to me? Seriously.
motleyhar 1 year ago
As long as you keep your accounts in good standing you can put off payment for a very long time. You should read the fine print before signing anything. Remember they have income sensitive programs for repayment. I think it's something like 4% of your monthly wages go to paying the loans off. Of course it takes forever to pay it off then-like the rest of your life, but you did sign. I did, my princple is over one hundred thousand now. So try not to worry about it. Its what I do.
chopin65 2 years ago 2
Why would you pay $40,000 to learn how to cook? Idiot.
djmatera 2 years ago
Evil Sallie Mae made you go to school?
Looks like Sallie Mae helped you fullfil your "life dream" of culinary school *yank*...
Idiot.
Braveslion 2 years ago
I HATE SALLIE MAE!!!!! i barrowed 13k in 2006 its dec.09 and i still owe 13k ive been payin 200 a month!
beatryda5 2 years ago 2
It's legal slavery. They need to be arrested and go bankrupt. Then they will be put into a concentration camp.
Just think of all the innocent kids selling their futures and lives to Sallie Mae.
This won't go on much longer, there will be a revolution.
independence442 2 years ago 2
It's this kind of crap that's really pissing people off. Everyone's saying that the problem is capitalism. But the problem isn't capitalism. It's a system where there are investments without any risk and the taxpayers and students have to make all of the risks. All Sallie Mae has to do is to collect checks. That's like what happened with Wall Street. As Gerald Celente says, "When people lose everything, they lose it!"
jmelkis 2 years ago
America is so corrupt this "college" shit is just a bait and if you bite the hook they'll take you out and cut your head off.
swinggcat1 2 years ago 7
have you considered working some blowjobs in the castro or polk st thats what i did to pay off my loans its easy money honey
sfordgg 2 years ago
Oh Sallie Mae won't kill you....they just want to torture you. They want to keep you under their thumb forever if they can.
College now is a cash cow for the corrupt people who run them. Sallie Mae, like a vampire, feeds off the unsuspecting fresh blood that comes in every year.
Forget Osama Bin Ladin or Iran or North Korea. They are small time operators compared to the anti-American, anti humans at Sallie Mae.
MrOldSlacker 2 years ago 9
Thank you for posting this video. YOU CANNOT AFFORD TO PAY. It's that simple. And DO NOT let anyone else (your family) pay EVEN IF THEY OFFER because it is a WASTE. You are going to have to WAIT and in the meantime structure your life around having low credit. In one sense you should have known better. In another sense you are a victim. Do not pay Sallie Mae one bloody cent.. The President just passed his only good law so far - Private student loans (Sallie Mae) are finished. Look it up. 8)
LeftLiberalSoCal 2 years ago 5
What is the name of the law that was passed?
thrillrock86 2 years ago
Yeah what is the name of the law that passed?
FaithfulAndTrue1 2 years ago
Faithful, the bill that passed is HR3221
sandroeleven 2 years ago
But will it help people that are already done with school or about to be done? Or will it just help new students?
jmelkis 2 years ago
It is this kind of thinking that makes Sallie Mae to increase peoples rates... think about it they gave this guy 40k of THEIR money, he doesn't pay... Guess who does, everyone else working hard paying off their loans... Why dont liberals ever see ripple effects?
Braveslion1 1 year ago
The US government whores itself out to corrupt corporations who contribute nothing to the economy, trapping students in serfdom (worse than criminals) while paying trillions in corporate welfare to crooks in the predatory lending and health care industries, fighting a stupid war in Iraq.
If this crony capitalism, anti-citizen BS continues, there will be a painful REVOLUTION in the USA soon. Smart Americans already emigrate in large numbers. And it just needs obvious reforming and corrections!
ChuckyJCthulhu 2 years ago 6
But at leat they get campaign contributions.
LeftLiberalSoCal 2 years ago
You forgot Israel...
varickwt 2 years ago
Dude I feel for you . I am 46 and owe sallie parasite $8000. I barely make $300 a week and pay child support. My life is done and over
lerxt42 2 years ago 3
Maybe give up your internet, save $30 a week?
Braveslion1 1 year ago
This sucks man. He was pursuing a dream and trying to do the right thing by going to college and bettering himself and now he is a slave. I think one should have to pay their loans but not at a 17-18% interest rate. This video was posted awhile ago and i'd like to hear what your loan status is now
keithc71 2 years ago 6
Good post.
Braveslion1 1 year ago
damn..someone told me sallie mae was a good program..wut the fuck am i going to do now?
aadescorbet 2 years ago 6
SallieMae is nothing but a legalized government approved organization of crooks. Did you see where their CEO has made enought money for his own private golf course? Don`t look to the government. While the country is in an economic crisis, congress votes to buy a sleek very expensive jet to hall their sorry butts around at tax payers expence. We have to pay taxes to auto makers while they keep their billions in thier private bank accounts. The U.S. Governent is a criminal organization.
Jessecraft1954 2 years ago 7
First of all when you have $150 in "other fees" that gets there when your broke ass can't pay the forbearance fee and Sallie Mae is being nice enough to keep your loan from default by basically giving you a free forbearance!!! Maybe if YOU listened on the phone instead of bitching about how Sallie Mae can't help you you would HEAR that forb is going to add interest to the principal of the loan!! Stop being such a dumb ass go get a job and pay you bills! How many americans do it EVERYDAY!?
HereComesPain69 2 years ago
OOH BOY WHAT A JOKE READ THE FINE PRINT
radiochick99 2 years ago
The government takes better care of people who have committed crimes than it does for the honest hard working American. Everything is free with our tax money. Social Services is a good thing for those who need it, but shame on those who have baby after baby and lie to Social Services for money. That money should go to the families who need it, not lazy people. How many wars do we have to fight? Can we send enough space programs up? What about food and medicine for those who need it???
Jessecraft1954 2 years ago 7
I only asked to be given a payment plan I could afford and they sent me a letter shortly after saying they sold my loans to Progressive Finance which added 24 percent interest to my loans. I had no say at all. SallieMae did this right after I called seeking a payment plan. My work checks were garnished for seven years. I paid thousands. Government Loans? Shame on the United States. Other countries offer healthcare and education. The United States offers insurance and government loans.
Jessecraft1954 2 years ago 3