Default: the Student Loan Documentary
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Why is student loan debt non-deductible once you make 75K a year, but a billionaire can deduct mortgage interest on a $25 million home? Now you know who runs this country.
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When a small country like France has free college education and free healthcare, why is it that a country like the United States doesn't? It's because the wealthy in the nation, make the rules for the nation and the number one rule in the United States is, it is okay to treat American citizens like a bunch of cash cows. General Electric didn't pay one dime in income tax, but if you work at a low wage job at Walmart or flip hamburgers, the US Gov sure wants us to pay our hard earned taxes.
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@pat206387 You must work over 80 hours a week in order to pay back student loans?? That's truly sad! As for me, I'm on an "Income Sensitive" initiative program myself so I still have time to eat, sleep, remember what my house actually looks like or whatever. Well, I owe about just $20,000 in student loans, but that is still a plenty, isn't it?
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Like I already said on another video, it's not that HIGHER EDUCATION itself is so bad................it's the COST of higher education! I'm "pro-education" 100% but "anti-deep-shit-debt!"
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Go to Poland and study for free. Go to Austria Vienna they have English schools
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Most ANYONE going to a Community College, DeVry, Phoenix University...especially in your Freshman and Sophomore years, DROP OUT NOW AND CUT YOUR LOSSES!!!! Job placement is DEAD! (DOA) Cut your Student loans in half by DROPPING OUT because you won't have a job relevant to your degree anyway. Remember this one fact alone >>>>
YOU CANNOT CLAIM BANKRUPTCY ALONG WITH YOUR STUDENT LOAN!!
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The government inflated the cost of education on purpose. To push people into debt and to dumb people down. When you are in debt you're not concentrating on your schoolwork. You're just trying to make ends meet and pass.
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@FrankSheppard973 The real reason or so they say happened back in the 70's and 80's after the federal student loan program was started. Students would take out large loans get their degrees and then claim bankruptcy (Yes one could do that back then) They would then be debt free and in a couple of years have good credit again and they still had degrees. Lawyers did this, Doctors did this. After awhile the banks and those funding the loans got wise and lobbied congress to change the laws.
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For all those who argue they don't want their tax dollars to go to student loans guess what? They already are! What do think bails out Sallie Mae when students default?If it takes a lifetime to pay off a student loan, what makes you think you can just save up for a few years and pay for it? Don't be so blind to others situations. Not everyone is living the fun and fancy free life that movies advertise in college or after college.
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I applaud the international bankers for creating the home, student loans and crisis that eliminated hordes of retirement. The system is successful. Look at the true goals of the system: to shift assets, and create an invisible cage. You can go anywhere in the world but your debt and credit score are still there. Think about that. You are in an invisible prison right now AND your complete free to roam around. How ingenious is that! No need to pay for you to be in prison and have that paid for.
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Just become a full-time student every summer semester at a local community college. Summer semester generally is 2 to 3 months and then your loans are deferred for 6 month afterwards. So for 8 to 9 months every year your loans are deferred. Just take 6 credits in an 100 level on-line course and your a full-time student again and loans are deferred. Generally 6 credit hour equal full-time status during summer semesters. It is cheaper to pay for 6 community college credits than 1 loan payment.
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Is this just a preview of the documentary or is this the whole thing? If it is just a preview...when and where can I see the entire documentary? Please!
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defaultmovie 7 months ago