Default: the Student Loan Documentary
Default: The Student Loan Documentary is a feature-length documentary chronicling the stories of borrowers from different backgrounds affected by the private student lending industry and their struggles to change the system. In 2005 private student loans were exempted of ALL consumer protections. No matter when their loans were taken, many borrowers now find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law. The consequences are dire, with stories of borrowers in financial and emotional ruin. www.defaultmovie.com A film by Serge Bakalian and Aurora Meneghello
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Choose the right career!! I have so many friends graduated with B.A. in Art, Music and Business that can’t find a job. I’m glad that i’m major in CLS. Grad school is perfusion. Hopefully i’ll be able to pay everything off.
@empyblessing They will garnish your wages bro…
@yavin99 Surely people aren’t pissed off enough….maybe we will by 2017
@abmmwl That has nothing to do with capitalism. That has to do with the Federal Reserve which is anything but capitalistic.
@FaithfulAndTrue1 im a veteran but if thats what it comes to ill be ready
@yavin99 Revolutionary war?
i took a student loan out a few years ago for 12k, i had a hard time paying it back at first so the gov started taking $125 a week from my paycheck and that went on for over 3 years so they took more then 18k from me and that not including the 5k i had already paid on it, the problem is the gov keeps reselling my loan over and over and apparently the paperwork keeps mysteriously disappearing that i ever paid a single penny on it, at this point i still owe 18k on it
@ferrari4sale
They can take whatever is of value in order to oay off the loan, and your credit score will be so bad that you won’t be able to get money for a house or car, an apartment, or credit cards.
Keep track of your records!
@RedFlower26 I owe them about 10k. No body co-sign for me, i do own a car that worth 3-4k. If i don’t pay can they take that car and will my credit score go bad?
Gimmie gimmie gimmie! I want a 100K poetry appreciation degree and I don’t care that no one in their right mind would willingly bet that much of their own money for me to have it! If you don’t give me money you are violating my rights!
Money is debt! Without debt we have no money! I wonder if there was ever a country that provided free high education? uh? USSR! They got education right!
@empyblessing
I might say the same thing, but they had my Dad co-sign. If they don’t get the money from me, they’ll hang him upside down for it.
The gov. is extremely corrupt. Fuck them and the corporate rich.
i owe 22 grand. fuck’em there not getting shit. mostly cause i dont have anything they can take.
lilys list .com helps students pay down their loans.
I’m still paying off my student loan almost 10 years later.
College is so expensive because people get their loans gauranteed by the government or bank so the college can jack prices up to where ever they want them. As long as sombody will be there to say “I’ll foot the bill” the more expensive things will keep getting. Health insurance works the same way. As long as people expound the importance of a third party payer system, any third aprty payer system, the price of everything will go up. Only buy things when you’ve saved up enough money.
@antiagingdr You’re being incredibly myopic about how things have changed. While student attitudes may have seen a shift, the biggest and most clear change has been the shear cost of education. We have seen such exorbitant increases in the cost of private education that loans are often the only way to finance a degree. If the current trend continues, a private four year education will cost over 1 million dollars by 2050.
@antiagingdr Wealth glorifies God? Where in the Bible does it even say that? God calls for the preferential treatment of the poor. The idea that having money somehow is indicative of grace is a very specifically Calvinist concept used to justify gross inequality. And did you seriously just shame someone because s/he does not aspire to be financially wealthy?
@Wedington317 it always does.
@abmmwl a very classy guy. I don’t know you but you know me well enough to call me a retard. no one is given billions they earn it as can you. are their cheaters? yes but can we always assume if someone is rich they cheated? no. if you are upper middle class act like it. more likely your parents are upper middle class.
@antiagingdr You are a retard since you don’t even know me. I’m from an upper middle class family. Does it make any sense to let people have billions when there are people starving?
@antiagingdr Yeah, it was the right decision. Kept me out of the slavery our society refers to as debt.
@overthehillsfaraway9 God bless your frugality.
@abmmwl don’t blame the wealthy, become one of them. we are constantly evolving financially. shame on you for not aspiring to the ultimate. God didn’t put you here to be poor. Wealth glorifies God.