Sallie Mae- USA Funds- General Revenue Corporation- Pioneer Credit Corporation- transfer your loans among themselves, add thousands of dollars in collection fees among each.. Them rotate your account again amongst each other adding thousands of dollars amongst each other again in interest and collection fees! All approved by the United Stated Government
I wonder why I never talk to men in the customer service center of any company. I always get to talk to snotty little teenage girls at Sallie Mae, Geico, etc. Guess I wish I could be an idiot teenage/20-something girl...the jobs would be thrown at me then. Of course, these girls are b*tching about their low pay compared to men...but at least they are employed.
@saintgauden It's a psychological thing. If you talk to a woman there the perception she is nice and understanding. Who would you rather talk to? A guy or a nice girl? Companies are really smart when it comes to interacting and advertising with their customers/clients.
@jteruel671 Actually, I'd rather talk to a man...they seem more stable and serious. The shtty girls they have on their call center staff are usually more annoying than anything else. Funny thing is...a lot of these companies don't care about interacting with their clients/customers...this is probably why their hire these annoying girls to do it...or Indians with really bad accents.
When you default on your federal student loans, guess where it goes? To the guarantor, which are federal and state governmental agencies. For your student loan, there is no collateral, you cannot repossess an education from people who can't pay their student loans. And when your loan defaults, it's the taxpayers who foot the bill. That's why collections on student loans are so strict.
You said "we want an educated country" why the fuck would you think that when these so called "institutions of higher education" have more and more "junk majors" than any time in history? They don't give one rat's ass about "education," it's about MILKING UR ASS tile you are bone dry... nothing more!
[cont:] ... Millions of students will not be able to get grants for school because of your govt. Over 700+ in my area will be terminated because of your govt & your bitching you can't pay your loan. IT IS A CONTRACT. YOU SIGNED IT. All the payment options were given to you in black & white. Unless you are a specialty student, that money was certified as the amount YOU REQUIRED to go to school. That's your tuition.
@Morgan9123 it's not just your tuition... god knows, if it was just my tuition, i'd be fine with paying back every cent. it IS the absurd interest rates Sallie Mae tacks on and is able to change at will. It is the poor business practices it pursues from hiring totally incompetent and unqualified customer service representatives to completely changing their website every month and making it very confusing to know exactly how much you owe.
@Morgan9123 It is the fact that for many, Sallie Mae is the only option they have for pursuing higher education. Have you even ever had to deal with Sallie Mae?
@Morgan9123 aside from the horror stories about harassment, that is the bottom line, that is the truth. sallie mae makes disgusting profits for a company that is suppose to help young people better themselves...
and yes, maybe we all signed that contract, but are you saying that an 18/19 year old kid is mature enough to even make that kind of decision? does an 18/19 year old even truly understand the value of a dollar at this age?
they are vulnerable and easily influenced and those chicken hawks at sallie mae know it. they exploit it to its highest potential. i won't believe otherwise until a sallie mae representatives comes out on national television and talks to its REAL customers. larry king needs to get on this.
[cont part 4:] I'm getting my hulk on. You think you are so funny creating a snivelling vid at my job's expense. I understand if times are hard & you have a problem paying your loans, but blaming someone else for your inability to take responsibility for your actions is the definition of stupid. Learn to count, or better still get a calculator since the 'number thing' seems to be so tough on you & grow up.
bla bla bla.....such a stupid video....you knew the interest rates and payment schedules when you took out the loan, so dont complain when you cant afford it...it took me about 10 minutes to estimate the money i would need per month to pay off my student loans...if u decided not to take 10 minutes of ur time to see if repayment was possible, blame urself, not them........tired of people that expect things to be handed to them, accept some responsibility...
I wouldn't say that she deserves it per se, but I will say that it was incredibly ill planned to take out loans for screenwriting, at UCLA (an expensive school) when there are other state schools that offer similar programs at a cheaper cost. Do not knock America's CCs!
Agreed. There are massive changes taking place in the film and TV industry because of the depressed economy. People now pay $1 to rent DVD's from Redbox. It's a lot harder to raise money to make a movie. Very few stars can ask for $20 million up front for a appearing in a picture. All the actors in "The Hurt Locker" were paid guild scale wages. The Red Camera has replaced the Panavision camera. I hate to think how hard it is for a lot of writers in the business.
Most college graduates using student loans in US are being buried by the debt. Every time they raise the loan limits the schools raise the cost lock step. Then people consolidated at 8% only to find later that they could not refinance when interest rates plummeted due to "the Single Holder Rule" Parents be warned about encouraging your childeren to pay for college with student loans. A diploma used to be a good ticket now they are a dime a dozen.
Some here fail to understand that Sallie Mae is a SCAM. Most artists prey on the young, the old, and the innocent. That's why the people who run it are making out like bandits:
"Former Sallie Mae CEO Albert Lord, 61, has been building his own private 18-hole golf course on 244 acres in Anne Arundel County, an hour's drive from downtown Washington. He was well-heeled enough to spearhead a serious-but-unsuccessful bid to purchase the District's new professional baseball team, the Nationals."
@MrOldSlacker hahaha u also forgot to mention no one told the so called "young, old or innocent" to borrow money from the so called "SCAM ARTIST" sallie mae
What college did you go to? When these crooks are not giving hundreds of thousands of dollars to the Republican and Democratic parties, they are spreading their adverts all over campus.
Fact is unless your parents are rich enough to foot the bill, you have to borrow money from these predatory scumbags. I suggest you read about a subject called predatory capitalism. Also, it's not in the national interest to auction off education to the highest bidder.
U do realize that even if the private loan companies (eg sallie mae, acs, suntech, just to name some) were not to loan the money it would just go to the department of education which in turn would be doing the same thing as the previously named and truth be told if ppl were to pay such student loans they wouldnt need the forbearances (which do increase the cost of the loan) so really its no fault of the named.
and when u have 60 months of forbearance time and 36 for deferments BEFORE consolidation(which will reimburse all time) and u use all then do the same thing if u consolidate ur pretty much fucked royally ur loan goes from 15k to over 60k due to ur own stupidity
You are the first one in all these videos to defend the student loan industry. Why not scrap the system as it is and keep people like Albert Lord from getting filthy rich on the backs of poor students?
Let there be a national test like the ACT and let those who score in the top 30% get a 100% free education. The next 25% would get 75% free and so on.
If the U.S. can give 480 billion a year in foreign aid it can help it's own citizens.
i really just see the issue how it is so let me justify i dont agree with how the loan org do things it is very decietiful but also if ppl would pay would jack their loans up and mroldslacker i do agree with u on the foreign aid part
The funny thing is student financial aid isn't based on how much your degree will help society or how much potential you have! A middle class kid that receives high grades and majors in something useful in the medical field ( parents income 100k-200k) will not qualify for grants only loans. The idiot kid majoring in art from a poor family who keeps a 3.0 will qualify for five figures in free government money.
Aid should go the those that have potential. Regardless of parents.
It's called community college or state school. Four years at U. of Buffalo at in state tuition costed me 40k. Working part time at $8 an hour during the semester and full time during holidays I was able to pay my way thru while only taking 10k in loans. Very managable after graduation.
Good to hear that you were able to do that. My nephew was able to do a bit better. His grandfather left him a blank check to go to college on and now he's working on a master's degree (which you really need these days). He'll have an even more manageable time after college.
My friend with an engineering degree who has not worked in 2 years with 45k in loans....not so manageable.
My point remains: a level playing field in education financing roots out the scam artists.
CC/State U/jobs/sships MIGHT help SOME pupils offset costs, but aren't general solutions for MOST people.
CC=worst fin aid/low transfer rate/limited credit
JOB=counterproductive for studies/grant aid
Fin need=Some parents dont pay
Buffalo=low COL. Here in SoCal, UCLA COA=28k/yr for "9 mo student budget". Realistically per year=35k. Most graduate in 5-6 yrs/jobs hard to find/time mgmt-Tons of traffic!
A piece of paper for lowest cost isn't goal(might as well buy one off the internet)!
first off sallie mae wouldnt be calling if u werent late on ur payments and u took out loan money to go through school either way ur stuck paying it back either default and let them garnish ur wages and take tax checks or just pay it
This comment has received too many negative votesshow
in the first place, if u don't like salliemae, don't apply for a loan. besides, they are giving you options before you apply. so whose fault is it? YOU! dumbass!
I made a deal with SallieMae and umm, they have pretty much put me in an economic slump. Wait did I say Economic slump?? So we go to school get our degrees and the we are still working the same dead end job for two three more years, just because in my neck of the woods there is nothing available, for what I have been trained to do, But.... I'm doing the best I can with paying bills..... You know what, people like you are ticky tacky. Instead of calling someone a dumbass whay not help?
Oh and I bet your gonna call me a dumbass for my typos. You know whats funny about pointing fingers? If you point your finger in the miiror its pointing it at whose really to blame, Try and think of what I'm saying on a phillisophical level. You, me, her, America, The World is basically to blame, Bet you know why though? Wait you probly don't. Nobody wants to give nothin. Take that sentence from all this (titadonpretty), You are nobody and you do nothing to help anybody, All 4 MONEY, Sad truuly!
Why don't you ask House Minority Leader John Boehner for help? He's Sallie Mae's man in Washington, the Rep who's received the most "campaign contributions" from Sallie Mae. He's also a prime mover behind the Economic Stimulus Bill that sent anywhere from $600 million to $2 billion directly into Sallie Mae's coffers (stimulus checks were intercepted), at taxpayer expense. Actually, on second thought, Boehner probably wouldn't give you 2 cents, unless you put out as much as Sallie Mae does.
Even if you try to reduce your payments per month (because life happens) in the intent to pay your loans back, even during personal financial crisis, you are punished with higher interest. Whatever happened to anti-usury laws?
I do believe that loans need to be eventually paid back; however, some of these comments are also not very sympathetic. Most of these contracts have so many double-negatives that they're virtually undisipherable, enabling lenders to do almost whatever they want! The outrageous interest and miscalleanous fees that are charged make it almost impossible to pay off a loan or a credit card, even when working two jobs.
Actually .... thanks for the good info... Staying away from SallieMae x.x
And to err the reenlist guy... whatever... to be in the military and go to school is a test of aptitude. I've known people who are infantry and going to online school from the battle field and they do better than students in the classrooms. i also know people who join the military n fk up. so actually military is pretty good compared to BONED
push what button? i cannot figure it out. i am an OLD sallie mae customer. i have "owed" her my life since 1985. i am now 50 years old and i have paid down my original $7,500 student loan about 5%. i have made monthly payments for over 15 years. they took my and my husbands tax returns for over 10 years. now i am "on track" and making monthly payments. tell me where the button is, i want to help you.
You are a silly person, the reason we don't have free college in the USA is because we need the money for Corporte Welfare and the Military Industrial Machine.
Those are the priorities of our politicians in both parties.
yes how silly of me to think the politicians really care about the people they represent. Be they democrat or republicans, or is there a difference? mmmm that would be a no difference me thinks.
i already have. when they call me on the phone for money i say "sorry, you were in the newspapers as being bad people, and I don't pay bad people." it irks the hell out of them, and if i cant pay anyway, i really dont feel that bad.
your parents were finacially ignorant...Start Saving the Day your Child is Born! Great info! Great Video! This video's info could save lives! Unfortunately ill responsible privileged parents, or those who did not learn what it costs for college tuition, both cases (due to their ignorance) abandon their children to desperately borrow or pay off loans for college,they subconsciously program children to finace unrealistic goals. the poorest resort to the military.
Does anyone know of any blogs where we can organize against this sort of preditory corrupt behavior?
Had I been irresponsible and gone out on spending sprees like so many americans do, then I could file for bankruptcy or make a settlement. Sallie mae will not consider anything. Recently, they were caught changing current payers plans by placing them as delinquent when they were not. How can anyone who is not a corrupt MOTHER#$@%$ defend these practices?
Forbearance is only allowed for a limited time. I am a teacher and I have been trying to pay back sallie mother#$^@#$# but these people are rude and vicious. They called me at my job dozens of times & then fought with my employer. how is that conducive to my paying the loan? I told them I dont make enough for the 50 thousand in interest & penalties. I can make a smaller payment. they dont care about anything. my son and i have suffered so muc as a result. why are we not organized and protesting
gamerelite you are an asshole these company's are taking advantage of people and your sticking up for them god your just a piece of shit wish i could pull a jay and silent bob and come kick your ass i was 18 when they gave me my loan you think i knew enough about loans then i should have never got that loan without a cosigner they take advantage of young people they are evil and i would send her money if sallie mae was not sucking me dry
Banksters and their whore congressional representatives conned you into going to school in the first place. Everything in American life is an expensive illusion intended to DAMN you! The borrower is servant to the lender. Come back to reality and the saving of your soul!
um...I FUCKIN HATE SALLIE MAE! i am paying over 800 dollars a month on a not so big loan thats costing me over 100 grand when im done paying in 2028! HELP ME JESUS
Are you kidding me? This is a perfect example of the apathy that has a strangle-hold on this country. You are the one who took the loan out...PAY FOR IT! You should have taken the amount of money you had to borrow into consideration before you took the loan(s) out. You say you don't like talking to people overseas? Ask for someone in the states. You can't afford to pay for the loan? Ask for a forbearance. People like you make me sick.
Obituary: Sallie Mae CEO Albert Lord passed away today leaving behind 2 sons and 250,000 living student corpses. Donations should he sent to his private 244-acre golf course. If you can't afford one, please slit your wrists and bleed on the fairway to provide Lord Albert with a drink on his way to HELL.
Why is everyone so angry about the mortgage meltdown: the economy being wrecked by predatory lending practices of big banks??
Sallie Mae has been doing it to students for years...getting bailed out by we the taxpayers when they drive their victims to suicide or fleeing the country. Thank Republican Congressman John Boehner!!!
Sallie Mae big wig is ALBERT LORD. He cashed in 97% of his stock right as Sallie Mae stock dropped 58% (Forbes 2006, his stock value = $193,934,462.00) Why isn't this scumbag in prison?
Down with Sallie Mae! I'm sure that while I was watching this video, my original balance was growing larger, and larger... We must end this illegal company, give free universal college education to everyone, and give amnesty to us victims of the student loan scam who can only have their out of control debt cleared by death otherwise.
sallie mae sucks... My husband went to school and the school closed, and they discharged the loans he owed. We had all the documents and he got no degree, went to school for nothing. 10 years later they are reopening the loans w/h 8.5% intrest,,,25,000 they want now after 10 years. they are nuts, and bugging everyday. Becareful these suckers will getcha
I just received my statement via e-mail for Sally Mae. I feel deeply mislead and betrayed by those 'student loan sharks.'
I have 4 students loans listed even after so called, 'consolidation.' Two of them are listed at 10.75% interest rate and two are listed at 6.625% interest. My credit score is 785(excellent) and has been for years. My payment is $342.21 per month on $19,294.76.
My first statement and I'm already past due by: $126.37!!!
I think you should first find out exactly how much you owe Sallie Mae. It's impossible that your payment is $342.21 if you only owe $19,294.76. My job is finance related and that does not make sense. You probaly owe a lot more. You might have borrowed $19,294.76 but that does not mean that interest was not accruing while you were in school.
$19,294.76 is what they list on my Statement. I did occur interest while I was in school for 3.5 years. $342.21 takes into account the $126.37 I am past due on.
It shocks me that the people who see the wrongs of the mortgage debachle can't see the plight of the millions of americans who've, for the last twenty years, have had their lives high jacked in the name of private profit-"market driven". People are dying over this-and taken their children and wives and family with them. Is there no other option?
The real problem with Sallie Mae and many other private student loan companies is that they are backed by the federal government. Because of this, they charge outrageous prices and rates for their loans because no matter what the "real" demand for their services are, they will be paid whatever it is that they charge.
Does anyone on here actually follow Sallie Mae or their business practices - or just like to complain when you can't pay your student loans and get hit with the consequences?? Sallie Mae just introduced their new program, the 1-2-3 approach, in which they recommend using all free money first, including scholarships, grants, no-interest payment plans, etc. before you even think about taking out a loan? To me, that doesn't sound like a company out to take advantage of you - do your homework.
Are you kidding??? You know something about what a company "just introduces" and it makes Sallie Mae a decent company to you. People who have been trying to resolve issues with them for twenty years may just know better. Homework? You're just incredibly naive.
Student Debt is growing to outrageous proportions, with the average undergraduate borrower leaving school with $20,000 in debt, and the average bgraduate borrower leaving with $42,000 in debt. The price of college has risen at double the rate of inflation for the past 30 years, and these costs have largely been shifted to student debt.
sorry but my 2 cents is going forth to my sallie mae loan. Over 30,000 for the shittiest computer graphic design degree anybody could get. FUCK SALLIE MAE AND FUCK SPENCERIAN COLLEGE.
The interest is criminal, the loans get jerked around, the terms are unnecessarily complicated, because they want borrowers to default; they make more money that way! There are no consumer protections, no statute of limitations.
RESEARCH how Indiana Republican John Boehner not only opened the floodgates of human suffering by drafting legislation which permits Sallie Mae to use collection practices that would put the mob to shame but now has the balls to tell the american people he should be President!! Don't be fooled. Your taxes fund the losses of those among us who have been touched by Sallie Mae.
I would be willing to bet you do neither....and if you think dealing with Sallie Mae is just about "paying for a liberal arts education" then you are really naive. Sallie Mae is ruining the economy with it's collection practices.
Willing to bet on what?...paying with debt-free money first before taking out a loan? Taking out the loan is the sign of bad money management when you have other alternatives.
I would guess the problem with you, is you're willingness to not even scratch the surface before coming to your "conclusions". No wonder you love Sallie Mae's rape of America. I'll bet you still believe Sadam Hussein attacked the world trade center, too.
I suppose I should start being nice to you. You seem like the type who could be easily pushed to the point of picking people off with a sniper rifle. I wouldn't want to aggravate your psychosis anymore.
You go through a seven year stint with an illegal president, a "staff" that exists simply to gaurd his delusional white house rampage....the very staff that is bought and sold by the likes of Sallie Mae to profit off myths, lies and obfuscation at the expense of the future of this country....and you're worried about ME being a sniper??? Yes, docelephant, there is a santa claus.....
Legislation passed by (R)Congress gave the industry collection powers that would make a mobster envious has made it more profitable for lenders when a borrower defaults on their loans. Sallie Mae CEO Albert Lord bragged to shareholders in 2003 that their record profits were attributable to penalties and fees collected from defaulted debt, and their "fee income" grew by 107% between 2001-2004
Did you listen? Sallie Mae does not profit from people who pay their loans. They don't WANT you to repay. That way they can tack on fees which they call profit. And when the borrower dies? You, the taxpayer, pays the collection fees to the tune of billions.
Student Loan Justice....google it. Sallie Mae is there to make it nearly impossible for most students to pay their loans and profit from the collection costs, which in most cases double or triple the principle. Many who can't pay try suicide, in which case the tax payers fork over these ill gotten costs. Another bad end product of deregulating this industry which is not out to help anyone.
I agree, education should be free like in other countries. Most countries have their government pay for education and the student only pays for room, board and books.
The only thing with Student Loan Justice is that it just does not sound too reliable. It sounds like a self-made website by a student who probably owes a lot in education loans.
Well "60 minutes" would disagree with you. They included them in a report on the republican student loan trap. "Wall Street Journal", "Newsweek"....all just a few of the publications who take Student Loan Justice seriously. It IS a sight made by someone who has totally been screwed by this skewed system who profits off screwing people.
Again, it's a self made website. It may have made some headlines but where does it say that they profit more from collections? If they would then Cosigners would not be required.
Sallie Mae- USA Funds- General Revenue Corporation- Pioneer Credit Corporation- transfer your loans among themselves, add thousands of dollars in collection fees among each.. Them rotate your account again amongst each other adding thousands of dollars amongst each other again in interest and collection fees! All approved by the United Stated Government
144pieces 4 days ago
I went to the dotcom link in the video and it is a page for buying Levitra, LOL!
screwsalliemaedebt 3 months ago
nice rack
redneck8263 4 months ago
just flash your boobies for ten dolla
73phd73 5 months ago
this is a sexy woman
chad83sawyer 10 months ago
fuck 2 cents i will give you 2 bucks if you show use your titts
bigtime74 1 year ago
I wonder why I never talk to men in the customer service center of any company. I always get to talk to snotty little teenage girls at Sallie Mae, Geico, etc. Guess I wish I could be an idiot teenage/20-something girl...the jobs would be thrown at me then. Of course, these girls are b*tching about their low pay compared to men...but at least they are employed.
saintgauden 1 year ago
@saintgauden It's a psychological thing. If you talk to a woman there the perception she is nice and understanding. Who would you rather talk to? A guy or a nice girl? Companies are really smart when it comes to interacting and advertising with their customers/clients.
jteruel671 4 months ago
@jteruel671 Actually, I'd rather talk to a man...they seem more stable and serious. The shtty girls they have on their call center staff are usually more annoying than anything else. Funny thing is...a lot of these companies don't care about interacting with their clients/customers...this is probably why their hire these annoying girls to do it...or Indians with really bad accents.
saintgauden 4 months ago
if you do another video topless I'll send you $2.
doubanjiang 1 year ago
SALLIE MAE IS THE DEVIL!
willybartlett 1 year ago
Use those sweater puppies to make some money
avataz 1 year ago
@avataz I'd pay
orrin4 1 year ago
When you default on your federal student loans, guess where it goes? To the guarantor, which are federal and state governmental agencies. For your student loan, there is no collateral, you cannot repossess an education from people who can't pay their student loans. And when your loan defaults, it's the taxpayers who foot the bill. That's why collections on student loans are so strict.
johnnyhala 1 year ago
You said "we want an educated country" why the fuck would you think that when these so called "institutions of higher education" have more and more "junk majors" than any time in history? They don't give one rat's ass about "education," it's about MILKING UR ASS tile you are bone dry... nothing more!
cramsa 1 year ago
People who do you think owes Sally Mavis? The Government!
Wake up American. Your Rights are under attack. Vote for Ron Paul to stop the madness.
Kennykg38 1 year ago
just change your home address. That's how you get away from student loans.. jeez people havne't watched enough british comedy :P
lordblazer 1 year ago
@lordblazer yea untill they start taking 10% of your check *lol*
reesemitchell 1 year ago
Comment removed
Morgan9123 1 year ago
[cont:] ... Millions of students will not be able to get grants for school because of your govt. Over 700+ in my area will be terminated because of your govt & your bitching you can't pay your loan. IT IS A CONTRACT. YOU SIGNED IT. All the payment options were given to you in black & white. Unless you are a specialty student, that money was certified as the amount YOU REQUIRED to go to school. That's your tuition.
Morgan9123 1 year ago
@Morgan9123 it's not just your tuition... god knows, if it was just my tuition, i'd be fine with paying back every cent. it IS the absurd interest rates Sallie Mae tacks on and is able to change at will. It is the poor business practices it pursues from hiring totally incompetent and unqualified customer service representatives to completely changing their website every month and making it very confusing to know exactly how much you owe.
patchinnita 1 year ago
@Morgan9123 It is the fact that for many, Sallie Mae is the only option they have for pursuing higher education. Have you even ever had to deal with Sallie Mae?
patchinnita 1 year ago
@Morgan9123 aside from the horror stories about harassment, that is the bottom line, that is the truth. sallie mae makes disgusting profits for a company that is suppose to help young people better themselves...
patchinnita 1 year ago
and yes, maybe we all signed that contract, but are you saying that an 18/19 year old kid is mature enough to even make that kind of decision? does an 18/19 year old even truly understand the value of a dollar at this age?
patchinnita 1 year ago
they are vulnerable and easily influenced and those chicken hawks at sallie mae know it. they exploit it to its highest potential. i won't believe otherwise until a sallie mae representatives comes out on national television and talks to its REAL customers. larry king needs to get on this.
patchinnita 1 year ago
Comment removed
Morgan9123 1 year ago
[cont part 4:] I'm getting my hulk on. You think you are so funny creating a snivelling vid at my job's expense. I understand if times are hard & you have a problem paying your loans, but blaming someone else for your inability to take responsibility for your actions is the definition of stupid. Learn to count, or better still get a calculator since the 'number thing' seems to be so tough on you & grow up.
Morgan9123 1 year ago
Comment removed
Morgan9123 1 year ago
bla bla bla.....such a stupid video....you knew the interest rates and payment schedules when you took out the loan, so dont complain when you cant afford it...it took me about 10 minutes to estimate the money i would need per month to pay off my student loans...if u decided not to take 10 minutes of ur time to see if repayment was possible, blame urself, not them........tired of people that expect things to be handed to them, accept some responsibility...
jjjhs08 1 year ago
boobs FTW!
detsl 1 year ago
I wouldn't say that she deserves it per se, but I will say that it was incredibly ill planned to take out loans for screenwriting, at UCLA (an expensive school) when there are other state schools that offer similar programs at a cheaper cost. Do not knock America's CCs!
shan4short 2 years ago
Agreed. There are massive changes taking place in the film and TV industry because of the depressed economy. People now pay $1 to rent DVD's from Redbox. It's a lot harder to raise money to make a movie. Very few stars can ask for $20 million up front for a appearing in a picture. All the actors in "The Hurt Locker" were paid guild scale wages. The Red Camera has replaced the Panavision camera. I hate to think how hard it is for a lot of writers in the business.
waverly2468 2 years ago
Most college graduates using student loans in US are being buried by the debt. Every time they raise the loan limits the schools raise the cost lock step. Then people consolidated at 8% only to find later that they could not refinance when interest rates plummeted due to "the Single Holder Rule" Parents be warned about encouraging your childeren to pay for college with student loans. A diploma used to be a good ticket now they are a dime a dozen.
drmark10 2 years ago
Some here fail to understand that Sallie Mae is a SCAM. Most artists prey on the young, the old, and the innocent. That's why the people who run it are making out like bandits:
"Former Sallie Mae CEO Albert Lord, 61, has been building his own private 18-hole golf course on 244 acres in Anne Arundel County, an hour's drive from downtown Washington. He was well-heeled enough to spearhead a serious-but-unsuccessful bid to purchase the District's new professional baseball team, the Nationals."
MrOldSlacker 2 years ago
@MrOldSlacker hahaha u also forgot to mention no one told the so called "young, old or innocent" to borrow money from the so called "SCAM ARTIST" sallie mae
mysteryasian101 2 years ago
What college did you go to? When these crooks are not giving hundreds of thousands of dollars to the Republican and Democratic parties, they are spreading their adverts all over campus.
Fact is unless your parents are rich enough to foot the bill, you have to borrow money from these predatory scumbags. I suggest you read about a subject called predatory capitalism. Also, it's not in the national interest to auction off education to the highest bidder.
MrOldSlacker 2 years ago
U do realize that even if the private loan companies (eg sallie mae, acs, suntech, just to name some) were not to loan the money it would just go to the department of education which in turn would be doing the same thing as the previously named and truth be told if ppl were to pay such student loans they wouldnt need the forbearances (which do increase the cost of the loan) so really its no fault of the named.
mysteryasian101 2 years ago
and when u have 60 months of forbearance time and 36 for deferments BEFORE consolidation(which will reimburse all time) and u use all then do the same thing if u consolidate ur pretty much fucked royally ur loan goes from 15k to over 60k due to ur own stupidity
mysteryasian101 2 years ago
You are the first one in all these videos to defend the student loan industry. Why not scrap the system as it is and keep people like Albert Lord from getting filthy rich on the backs of poor students?
Let there be a national test like the ACT and let those who score in the top 30% get a 100% free education. The next 25% would get 75% free and so on.
If the U.S. can give 480 billion a year in foreign aid it can help it's own citizens.
MrOldSlacker 2 years ago
i really just see the issue how it is so let me justify i dont agree with how the loan org do things it is very decietiful but also if ppl would pay would jack their loans up and mroldslacker i do agree with u on the foreign aid part
mysteryasian101 2 years ago
@MrOldSlacker
The funny thing is student financial aid isn't based on how much your degree will help society or how much potential you have! A middle class kid that receives high grades and majors in something useful in the medical field ( parents income 100k-200k) will not qualify for grants only loans. The idiot kid majoring in art from a poor family who keeps a 3.0 will qualify for five figures in free government money.
Aid should go the those that have potential. Regardless of parents.
Rockynurse 1 year ago
It's called community college or state school. Four years at U. of Buffalo at in state tuition costed me 40k. Working part time at $8 an hour during the semester and full time during holidays I was able to pay my way thru while only taking 10k in loans. Very managable after graduation.
mdstueve 2 years ago
Good to hear that you were able to do that. My nephew was able to do a bit better. His grandfather left him a blank check to go to college on and now he's working on a master's degree (which you really need these days). He'll have an even more manageable time after college.
My friend with an engineering degree who has not worked in 2 years with 45k in loans....not so manageable.
My point remains: a level playing field in education financing roots out the scam artists.
MrOldSlacker 2 years ago
CC/State U/jobs/sships MIGHT help SOME pupils offset costs, but aren't general solutions for MOST people.
CC=worst fin aid/low transfer rate/limited credit
JOB=counterproductive for studies/grant aid
Fin need=Some parents dont pay
Buffalo=low COL. Here in SoCal, UCLA COA=28k/yr for "9 mo student budget". Realistically per year=35k. Most graduate in 5-6 yrs/jobs hard to find/time mgmt-Tons of traffic!
A piece of paper for lowest cost isn't goal(might as well buy one off the internet)!
FatherElectric 2 years ago
first off sallie mae wouldnt be calling if u werent late on ur payments and u took out loan money to go through school either way ur stuck paying it back either default and let them garnish ur wages and take tax checks or just pay it
mysteryasian101 2 years ago
You are so stupid! You took out 100,000$ for a masters degree in screenwriting from UCLA?
YOU ARE STUPID YOU DESERVE YOUR DEBT SLAVERY!
Rockynurse 2 years ago
ummm how about the release the twins foundation?
sambo75420 2 years ago
this ishella funny!!!!!!!!!!!!
MEGAJADAH 2 years ago
Sallie Mae is the devil.
AlanSessler 2 years ago 10
@AlanSessler
Yes they are.
reesescupbrandy1 1 year ago
@AlanSessler Sallie Mae is worse than the devil
montanametalchick 1 year ago 5
Nice Rack
MCM0530 2 years ago 22
This has been flagged as spam show
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.
demossmd 2 years ago
This is just odd
bretthook 2 years ago 2
This has been flagged as spam show
I hate Sallie Mae!!! Post your horror stories on my website so we can inform people and not have them ruin their life by using Sallie Mae.
Ihatesalliemaedotcom 2 years ago
how much do you owe now ?
mythkw 2 years ago 3
Who is worse?
rbolo29 2 years ago
Nice tatas
morfeeene 2 years ago 2
Ill hit it
XICANOXOC 2 years ago
This comment has received too many negative votes show
in the first place, if u don't like salliemae, don't apply for a loan. besides, they are giving you options before you apply. so whose fault is it? YOU! dumbass!
titadonpretty 3 years ago
titadonpretty....Well where is it, if I may ask, that you get fair loans? or is your money handed to you?
uhoh38125 3 years ago
They changed alot of things on people with hidden charges, and really reall fine print.
311herbs 3 years ago 2
I made a deal with SallieMae and umm, they have pretty much put me in an economic slump. Wait did I say Economic slump?? So we go to school get our degrees and the we are still working the same dead end job for two three more years, just because in my neck of the woods there is nothing available, for what I have been trained to do, But.... I'm doing the best I can with paying bills..... You know what, people like you are ticky tacky. Instead of calling someone a dumbass whay not help?
CedWii360 3 years ago 2
Oh and I bet your gonna call me a dumbass for my typos. You know whats funny about pointing fingers? If you point your finger in the miiror its pointing it at whose really to blame, Try and think of what I'm saying on a phillisophical level. You, me, her, America, The World is basically to blame, Bet you know why though? Wait you probly don't. Nobody wants to give nothin. Take that sentence from all this (titadonpretty), You are nobody and you do nothing to help anybody, All 4 MONEY, Sad truuly!
CedWii360 3 years ago
Why don't you ask House Minority Leader John Boehner for help? He's Sallie Mae's man in Washington, the Rep who's received the most "campaign contributions" from Sallie Mae. He's also a prime mover behind the Economic Stimulus Bill that sent anywhere from $600 million to $2 billion directly into Sallie Mae's coffers (stimulus checks were intercepted), at taxpayer expense. Actually, on second thought, Boehner probably wouldn't give you 2 cents, unless you put out as much as Sallie Mae does.
PaulsAcademy 3 years ago
if i wasnt getting f'd in the a by them id give you 2 pennies
bimbotheclown 3 years ago
if you took off your shirt you'd probably make alot more =[
check out xtube? ? maybe??
but i hear ya.
shit is fucked up.
im in the same situation
voidenter 3 years ago
you have great tits
skipstreet 3 years ago
let me fuck, and ill press your buttons... :)
midniight 3 years ago
some nice titties
kevinrvargas 3 years ago 4
Since when is 29% interest on credit cards legal or moral? How come I cant invest and get a 15% return on MY money? I guess my nose isnt big enough.
bucksatan1 3 years ago
"It is the beginning of the dumbing down of America." I lived in the USA for a while. Sorry to say that it was dumbed down a long time ago.
v8pilot 3 years ago
Even if you try to reduce your payments per month (because life happens) in the intent to pay your loans back, even during personal financial crisis, you are punished with higher interest. Whatever happened to anti-usury laws?
SpaceHunterZORG 3 years ago
I do believe that loans need to be eventually paid back; however, some of these comments are also not very sympathetic. Most of these contracts have so many double-negatives that they're virtually undisipherable, enabling lenders to do almost whatever they want! The outrageous interest and miscalleanous fees that are charged make it almost impossible to pay off a loan or a credit card, even when working two jobs.
SpaceHunterZORG 3 years ago
Actually .... thanks for the good info... Staying away from SallieMae x.x
And to err the reenlist guy... whatever... to be in the military and go to school is a test of aptitude. I've known people who are infantry and going to online school from the battle field and they do better than students in the classrooms. i also know people who join the military n fk up. so actually military is pretty good compared to BONED
xKayDubx 3 years ago
Lady, you pushed my button in a very nice way! Will you snuggle me up too? I'm in love!!
skwiddjergensen 3 years ago
push what button? i cannot figure it out. i am an OLD sallie mae customer. i have "owed" her my life since 1985. i am now 50 years old and i have paid down my original $7,500 student loan about 5%. i have made monthly payments for over 15 years. they took my and my husbands tax returns for over 10 years. now i am "on track" and making monthly payments. tell me where the button is, i want to help you.
lunalasnan 3 years ago 4
college is free in most countries! why not the USA?????
eflat377 3 years ago
eflat3777.
You are a silly person, the reason we don't have free college in the USA is because we need the money for Corporte Welfare and the Military Industrial Machine.
Those are the priorities of our politicians in both parties.
MACKATTACK1970 3 years ago 4
yes how silly of me to think the politicians really care about the people they represent. Be they democrat or republicans, or is there a difference? mmmm that would be a no difference me thinks.
eflat377 3 years ago
if everyone just stops paying them, eventually the company will crumble.
odarkeq 3 years ago 4
now there's a good idea. maybe we could boycott them??????????
lunalasnan 3 years ago
i already have. when they call me on the phone for money i say "sorry, you were in the newspapers as being bad people, and I don't pay bad people." it irks the hell out of them, and if i cant pay anyway, i really dont feel that bad.
odarkeq 3 years ago
I'd rather work on the side as a prostitute than borrow from a student loan company.
TheShadowyPhantom 3 years ago 3
look at it this way at least you would get paid for being F@%#$&.
eflat377 3 years ago
you owe 150 grand!?
benzbubblecat 3 years ago
your parents were finacially ignorant...Start Saving the Day your Child is Born! Great info! Great Video! This video's info could save lives! Unfortunately ill responsible privileged parents, or those who did not learn what it costs for college tuition, both cases (due to their ignorance) abandon their children to desperately borrow or pay off loans for college,they subconsciously program children to finace unrealistic goals. the poorest resort to the military.
reenlistblues 3 years ago
I hear you there on the military resort. BUT hey you get 40,000 for college, provided you match them 20,000 or is it more now?
eflat377 3 years ago
sallie mae sucks.......VERY HIGH INTREST
pkidro 3 years ago
I can't tell that much info, but there is a way to pay salle mae (SLMA, Real name) and win the game before them lol!!!
tekilaska 3 years ago
Does anyone know of any blogs where we can organize against this sort of preditory corrupt behavior?
Had I been irresponsible and gone out on spending sprees like so many americans do, then I could file for bankruptcy or make a settlement. Sallie mae will not consider anything. Recently, they were caught changing current payers plans by placing them as delinquent when they were not. How can anyone who is not a corrupt MOTHER#$@%$ defend these practices?
barbcinque 3 years ago
Forbearance is only allowed for a limited time. I am a teacher and I have been trying to pay back sallie mother#$^@#$# but these people are rude and vicious. They called me at my job dozens of times & then fought with my employer. how is that conducive to my paying the loan? I told them I dont make enough for the 50 thousand in interest & penalties. I can make a smaller payment. they dont care about anything. my son and i have suffered so muc as a result. why are we not organized and protesting
barbcinque 3 years ago
gamerelite you are an asshole these company's are taking advantage of people and your sticking up for them god your just a piece of shit wish i could pull a jay and silent bob and come kick your ass i was 18 when they gave me my loan you think i knew enough about loans then i should have never got that loan without a cosigner they take advantage of young people they are evil and i would send her money if sallie mae was not sucking me dry
toddieboy777 3 years ago
Banksters and their whore congressional representatives conned you into going to school in the first place. Everything in American life is an expensive illusion intended to DAMN you! The borrower is servant to the lender. Come back to reality and the saving of your soul!
lividmany 3 years ago
WTF?
charlief43 3 years ago
Collect Food Stamps and apply for Government housing and then use the money you earn towards the college loans.
charlief43 3 years ago
you can pay with your good looks :)
shuu7777 3 years ago
agreed. wow. sexy body. wow.
vtc220 3 years ago
um...I FUCKIN HATE SALLIE MAE! i am paying over 800 dollars a month on a not so big loan thats costing me over 100 grand when im done paying in 2028! HELP ME JESUS
ROLOZ21 3 years ago
Are you kidding me? This is a perfect example of the apathy that has a strangle-hold on this country. You are the one who took the loan out...PAY FOR IT! You should have taken the amount of money you had to borrow into consideration before you took the loan(s) out. You say you don't like talking to people overseas? Ask for someone in the states. You can't afford to pay for the loan? Ask for a forbearance. People like you make me sick.
GamerEl1te 4 years ago
Obituary: Sallie Mae CEO Albert Lord passed away today leaving behind 2 sons and 250,000 living student corpses. Donations should he sent to his private 244-acre golf course. If you can't afford one, please slit your wrists and bleed on the fairway to provide Lord Albert with a drink on his way to HELL.
bobob1313 4 years ago
Why is everyone so angry about the mortgage meltdown: the economy being wrecked by predatory lending practices of big banks??
Sallie Mae has been doing it to students for years...getting bailed out by we the taxpayers when they drive their victims to suicide or fleeing the country. Thank Republican Congressman John Boehner!!!
benfriendly 4 years ago
Sallie Mae big wig is ALBERT LORD. He cashed in 97% of his stock right as Sallie Mae stock dropped 58% (Forbes 2006, his stock value = $193,934,462.00) Why isn't this scumbag in prison?
guit72 4 years ago
Down with Sallie Mae! I'm sure that while I was watching this video, my original balance was growing larger, and larger... We must end this illegal company, give free universal college education to everyone, and give amnesty to us victims of the student loan scam who can only have their out of control debt cleared by death otherwise.
vwlf 4 years ago
sallie mae sucks... My husband went to school and the school closed, and they discharged the loans he owed. We had all the documents and he got no degree, went to school for nothing. 10 years later they are reopening the loans w/h 8.5% intrest,,,25,000 they want now after 10 years. they are nuts, and bugging everyday. Becareful these suckers will getcha
moniquevas 4 years ago
SALLIE MAE stands for an ACRONYM it is not named after a person.
Ripvanfacial 4 years ago
damn, baby, you're hott!
jayunit06 4 years ago
I just received my statement via e-mail for Sally Mae. I feel deeply mislead and betrayed by those 'student loan sharks.'
I have 4 students loans listed even after so called, 'consolidation.' Two of them are listed at 10.75% interest rate and two are listed at 6.625% interest. My credit score is 785(excellent) and has been for years. My payment is $342.21 per month on $19,294.76.
My first statement and I'm already past due by: $126.37!!!
rbolo29 4 years ago
I think you should first find out exactly how much you owe Sallie Mae. It's impossible that your payment is $342.21 if you only owe $19,294.76. My job is finance related and that does not make sense. You probaly owe a lot more. You might have borrowed $19,294.76 but that does not mean that interest was not accruing while you were in school.
JoM80 4 years ago
$19,294.76 is what they list on my Statement. I did occur interest while I was in school for 3.5 years. $342.21 takes into account the $126.37 I am past due on.
rbolo29 4 years ago
It shocks me that the people who see the wrongs of the mortgage debachle can't see the plight of the millions of americans who've, for the last twenty years, have had their lives high jacked in the name of private profit-"market driven". People are dying over this-and taken their children and wives and family with them. Is there no other option?
benfriendly 4 years ago
The real problem with Sallie Mae and many other private student loan companies is that they are backed by the federal government. Because of this, they charge outrageous prices and rates for their loans because no matter what the "real" demand for their services are, they will be paid whatever it is that they charge.
dmed312 4 years ago 3
Anybody hear about the guy who killed himself and his family over student loan debt that he couldn't take care of?
benfriendly 4 years ago
Does anyone on here actually follow Sallie Mae or their business practices - or just like to complain when you can't pay your student loans and get hit with the consequences?? Sallie Mae just introduced their new program, the 1-2-3 approach, in which they recommend using all free money first, including scholarships, grants, no-interest payment plans, etc. before you even think about taking out a loan? To me, that doesn't sound like a company out to take advantage of you - do your homework.
dshy1979 4 years ago
Are you kidding??? You know something about what a company "just introduces" and it makes Sallie Mae a decent company to you. People who have been trying to resolve issues with them for twenty years may just know better. Homework? You're just incredibly naive.
benfriendly 4 years ago
Student Debt is growing to outrageous proportions, with the average undergraduate borrower leaving school with $20,000 in debt, and the average bgraduate borrower leaving with $42,000 in debt. The price of college has risen at double the rate of inflation for the past 30 years, and these costs have largely been shifted to student debt.
benfriendly 4 years ago
damn nice boobs whats your number
symbolx69 4 years ago
7,499,999 to go...may want to listen to Suze...
5 Stars!
laking500 4 years ago
sorry but my 2 cents is going forth to my sallie mae loan. Over 30,000 for the shittiest computer graphic design degree anybody could get. FUCK SALLIE MAE AND FUCK SPENCERIAN COLLEGE.
backman412 4 years ago
The interest is criminal, the loans get jerked around, the terms are unnecessarily complicated, because they want borrowers to default; they make more money that way! There are no consumer protections, no statute of limitations.
salliemaedog 4 years ago
RESEARCH how Indiana Republican John Boehner not only opened the floodgates of human suffering by drafting legislation which permits Sallie Mae to use collection practices that would put the mob to shame but now has the balls to tell the american people he should be President!! Don't be fooled. Your taxes fund the losses of those among us who have been touched by Sallie Mae.
benfriendly 4 years ago
Hmm... help starving kids... or pay for a stranger's liberal arts degree... What to choose? What to choose?
docelephant 4 years ago
I would be willing to bet you do neither....and if you think dealing with Sallie Mae is just about "paying for a liberal arts education" then you are really naive. Sallie Mae is ruining the economy with it's collection practices.
benfriendly 4 years ago
That's the problem. If you're willing to bet on that, it only further proves you don't handle your money very well.
docelephant 4 years ago
Willing to bet on what?...paying with debt-free money first before taking out a loan? Taking out the loan is the sign of bad money management when you have other alternatives.
dshy1979 4 years ago
I would guess the problem with you, is you're willingness to not even scratch the surface before coming to your "conclusions". No wonder you love Sallie Mae's rape of America. I'll bet you still believe Sadam Hussein attacked the world trade center, too.
benfriendly 4 years ago
Ben, you're quite insane aren't you?
I suppose I should start being nice to you. You seem like the type who could be easily pushed to the point of picking people off with a sniper rifle. I wouldn't want to aggravate your psychosis anymore.
docelephant 4 years ago
You go through a seven year stint with an illegal president, a "staff" that exists simply to gaurd his delusional white house rampage....the very staff that is bought and sold by the likes of Sallie Mae to profit off myths, lies and obfuscation at the expense of the future of this country....and you're worried about ME being a sniper??? Yes, docelephant, there is a santa claus.....
benfriendly 4 years ago
Legislation passed by (R)Congress gave the industry collection powers that would make a mobster envious has made it more profitable for lenders when a borrower defaults on their loans. Sallie Mae CEO Albert Lord bragged to shareholders in 2003 that their record profits were attributable to penalties and fees collected from defaulted debt, and their "fee income" grew by 107% between 2001-2004
benfriendly 4 years ago
pay your loans in the first place......you wont have those problems....lol
NLee187 4 years ago
Did you listen? Sallie Mae does not profit from people who pay their loans. They don't WANT you to repay. That way they can tack on fees which they call profit. And when the borrower dies? You, the taxpayer, pays the collection fees to the tune of billions.
benfriendly 4 years ago
Is that a fact that Sallie Mae does not profit from people who pay their loans? And if so, may I ask where you got if from?
Thanks
daniel7777712345 4 years ago
Student Loan Justice....google it. Sallie Mae is there to make it nearly impossible for most students to pay their loans and profit from the collection costs, which in most cases double or triple the principle. Many who can't pay try suicide, in which case the tax payers fork over these ill gotten costs. Another bad end product of deregulating this industry which is not out to help anyone.
benfriendly 4 years ago
I agree, education should be free like in other countries. Most countries have their government pay for education and the student only pays for room, board and books.
daniel7777712345 4 years ago
Nothing's free.
docelephant 4 years ago
The only thing with Student Loan Justice is that it just does not sound too reliable. It sounds like a self-made website by a student who probably owes a lot in education loans.
daniel7777712345 4 years ago 2
Well "60 minutes" would disagree with you. They included them in a report on the republican student loan trap. "Wall Street Journal", "Newsweek"....all just a few of the publications who take Student Loan Justice seriously. It IS a sight made by someone who has totally been screwed by this skewed system who profits off screwing people.
benfriendly 4 years ago
Again, it's a self made website. It may have made some headlines but where does it say that they profit more from collections? If they would then Cosigners would not be required.
JoM80 4 years ago
I feel your pain...
PunkProfessor 4 years ago
sit on my face and i'll guarantee she will leave. lol
girltushilover 4 years ago
LOL why don't you put your money where your mouth is and contribute to her get the hell away from sallie mae school loan repayment account
specqueen 4 years ago
i dont give my money 2 ppl i dnt kno. they might b terrorists or drug addicts. u dont order me what 2 do with my wealth
girltushilover 4 years ago
your name is very simalar to "girlshitlover"....is that simply a coincidence?
benfriendly 4 years ago
That's real professional. Way to convince reasonable people to your cause.
docelephant 4 years ago
Oh that BITCH Sallie Mae! I FEEL your pain!
randpate 4 years ago