Monday, March 22, 2010

Education

Help for Paying Off Your Student Loans

A new program makes paying federal student loans more affordable for low-income borrowers

Posted January 30, 2009

Reader Comments

STUDENT LOANS INTEREST RATES ARE 2 HIGH!

MY DAUGHTER JUST COMPLETED 4 1/2 YRS. OF COLLEGE FROM A STATE UNIVERSITY WITH $77000 IN FEDERAL AND PRIVATE LOANS. INTEREST RATES RANGING FROM 6 TO 10 PERCENT!!!!

GOING TO MAKE HER PAYMENTS VERY HIGH FOR 25 YRS.

DO WE WANT OUR CHILDREN TO FURTHER THEIR EDUCATION OR NOT? WITH INTEREST RATES THIS HIGH, IT'S MAKING IT VERY HARD TO CONTINUE EDUCATION.

I BELIEVE ALL STUDENTS SHOULD BE ABLE TO FUND THEIR EDUCATION THROUGH FEDERAL LOANS WITH A CAP OF 3% ON ALL BORROWED MONEY. THIS WAY IT WILL MAKE IT MORE AFFORDABLE TO ACHIEVE AN EDUCATION.

STOP ROBBING THE KIDS!

MY DAUGHTER CAN'T EVEN FIND A JOB!

Let's make a Stand

You know the sad thing about all of this is that we go to school to better ourselves to get an education to make more money... And for what to make just as much as the other guy (or girl) who didn't go to college. What's the point I should have just worked instead of go into debt. If I didn't go to five years of college I could have five years of experience. WTF is wrong with the education system is what we should be asking. Now I owe 45K that's awesome! I will never pay it back, yeah maybe I shouldn't have borrowed so much but they weren't warning me when I went into the financial aid office that's for damn sure. Let's make a big deal of this, who's with me. Erik

Here's my solution...

I originally took out $40k for a 4 yr degree at a state university. I couldn't find a job right after school and was encouraged to consolidate my loans so I would be given a grace period. I have 2 consolidated loans. One was consolidated at 9%. Now that loan has gained $40k in compounding interest.

I currently owe almost 3x what I originally borrowed b/c of the outrageous interest. I WILL NOT PAY THE GOVT. BACK. I don't care what anyone thinks! I will pay what I borrowed and a REASONABLE amount of interest. Other than that, they can ruin my credit if they like and write letters and call me 20x a day, I REFUSE TO PAY BACK LOANSHARK AMTS OF INTEREST!!!

Fortunately, there is no debtor's prison.

I have no children, just married for the first time at 38 yrs old...have EXCELLENT credit and am just waiting for them to ruin me financially. SCREW 'EM...I'LL LEAVE THE COUNTRY! ; )

IS DISABLE Diagnos

With MS,and i had school loan since 2005 and it was done fraudently and ACS dont give a crap someone help please/

Fed up with this BILL

I would like to pay my Student loan back but, I just can't afford to just two days ago I went online to consolidate my loans and start to make payments but, when the consolidation department called and we discussed arrangements he told me to pay 200.00 a month and 7 cents will go to my 14,000 dollar loan and the other 199.93 will be fees etc. I told him i'm okay with the consolidation i will just wait to get the money and pay them then the guy tried in a nice way to call me stupid and suggested i pay now or there will be consequences

I need help

my student loan is in default for over 20 yrs. haven't worked much had kids parents and loved one got sick died. Now i'm receiving ssi diabled and read government is going to start taking money out of that check barely making ends meet now . Any decent suggestions. Is there a way I could get break and pay only half of what i owe, they are doing for other circumstances.

Thank You

Don't go to College

Don't go to College, it's not worth the Student Loan haressment for life! Instead have a bunch of kids, get on food stamps, then get financial for them, get government houseing, or how about go out and get injuryed and get a disability check, or develope an issue that you can get SSI!!!!

MY LOAN

I jumped right into a job right after college and thought making my monthly payment was going to be ok, but then when my hours got cut at work i was starting to fall behind. When i got behind 2 months i knew i was getting into trouble and way behind. It was long until they started to garnish my wages, so i was payin 100.00 a month, but since i fell behind they started to take out of my check.. now they are taking 85.00 a week out of my check which is a total of $340.00 a month.. So now my other bills are getting behind because of them taking out so much.. so its like HELL with a place to live or HELL with food.. just as long as the student loans are paid..Its been going on for almost a year now, i even went about asking if it was a way i could go back to payin 100.00 a month.. i just got a run around.. it seems if you are not on your knees in the white house then you don't mean shit..

I'M JUST A PISSED OFF AMERICAN..

Student Loans

Sallie Mae SUCKS!! and is a big SCAM!!

Student Loans that will NEVER be paid off

How about Nancy Pelosi, PAY ME what she billed to the U.S. Taxpayers, for JUST THREE of the 29 people she flew on private government jets, & covered all their lodging, food, BOOZE, transportation and extras to the GLOBAL WARMING CONFERENCE in Copenhagen for JUST 2 DAYS---that would satisfy my $57,000 student loan balance (orig loan around $9,000).

How about it NANCY???????

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