It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: Edumakated
originally posted by: IanMoone2
Completely FAKE NEWS... www.georgiabankruptcyblog.com...[/quo te]
The story was embellished... Regardless, if a court order was issued to pay or not, it seems crazy govt goes through that length to collect. You'd think a bench warrant or something would be issued an he'd just be arrested if he gets a speeding ticket or something.
Thank President Obama for all that .
Stated that his administration was going to get tough on all outstanding student loans.
Turned all student loans over to 1 or 2 banks , who now have all the power
You ok with the situation now ?
edit on 8/31/19 by Gothmog because: (no reason given)
originally posted by: jrod
a reply to: AaarghZombies
Here is an example of how student loans keep my generation in debt. I know someone who took out to and to go a private school that now does not exist.
They took out about 20k in loans, have been making timely payments and because of compound interest by a predatory loan they now 45k and growing.
It is a vicious cycle many are stuck in. This is not an isolated case.
originally posted by: Gothmog
"but I do think he should put an end to any and all attempts to collect student loan debt that go beyond what is legal pursuing any other kind of debt"
Can't , Obama set the rules
An EO may be coming soon
originally posted by: povray
I did get a goddamned job. Had one every semester, delivering pizzas at night and fixing computers on the side. I'd stop classes for years to work two jobs to try and save, but the cost of living was as much or more than I made. Took me 12 years to get my undergraduate degree on my own. Loans helped a bunch, it would have been impossible without it.
Still cost me $40k to get my bachelors in multidisciplinary science. After all the fees, penalties and interest I now owe over $100k, and growing. I work today and make $13.50 an hour. I have a broken back and after paying for treatments out of pocket, there is nothing left to pay these loans back with. I still have a broken back and live with chronic pain, and just push through the day trying not to despair and give up.
originally posted by: Mystery_Lady
To the person who kept saying make a five dollar payment. Before the IBR, I told them 5 times the amount was too high. They basically said tough. I asked about making a 5 dollar payment. They said no they would not accept it. That was from different reps. I was under sallie mae, but got transfered to navient.
originally posted by: jrod
You are out of touch with reality with the student loan crisis.
The best thing we can do is vote, kick the dinosaurs who have been paid to F*** us with student loans and replace them with people who get it and willing to help.
originally posted by: jrod
Given people who pay their loans monthly, are getting f-ed by compounded interest by PREDATORY private loans it is not as simple as 'just pay back the money you borrowered'.
If you borrow 20k, pay back 30k and still owe 20k due to rigged compounding interest rates, you would be upset.
You are out of touch with what is happening here. Go troll another thread!