POWER

"Power concedes nothing without a demand. It never did and it never will." - Frederick Douglass

Wednesday, July 27, 2011

DO THE RIGHT THING



Becoming informed and taking action is essential in the battle against corporate crimes in America. This link will take you to a Facebook page set up to organize support for restoring standard consumer protections to student loans (being able to discharge them in bankruptcy).

Please support their efforts. They have made it easy to contact your representatives in just a few minutes or less.

Discharging loan debt is not the only solution to the crisis, but it is a major step, and offers relief to the most severe cases, where lives are literally being ruined. If gambling debt, and all other types of debt can be declared in bankruptcy, why should student loans be excluded?

Please take action. On the most basic level it shows politicians that this issue is on the radar, and people are getting pissed.

If your school belongs on the "DEBT REGRET SHIT LIST" featured in the right column, please let us know by e-mailing this blog. Your name will not be used- just provide the name of the school, year of graduation/withdrawal, type of degree, amount of debt owed, and an optional comment. If you regret your debt tell others so people can avoid the same mistakes. It is not just complaining. The real picture needs to be made clear to potential borrowers.

In the coming weeks, particular degree fields and how they relate to the debt crisis, will be featured here. Information is still being gathered to present it. If you have any other ideas about particularly rancid academic/career investments let us know.

WHAT ACTIONS CAN WE TAKE TO HELP PEOPLE AVOID MAKING BAD DECISIONS ABOUT ATTENDING SCHOOLS AND TAKING ON OPPRESSIVE DEBT?

Tuesday, July 19, 2011

"IN THE UNITED STATES OF AMERICA, NO ONE SHOULD GO BROKE BECAUSE THEY CHOSE TO GO TO COLLEGE." -Barack Obama, Jan. 27, 2010

BUT WE ARE, OBAMA.  BIG TIME!  ARE YOU LISTENING?!!!!!!!!



In fact, "to go broke" implies that you actually had some financial assets which you have lost. For many of us, our student loan debt will keep us from accumulating any "extra" money to go broke with. Perhaps a more accurate statement from President Obama would have been, "In the United States no one should be in excessive debt because they chose to go to college."

AND   NO ONE SHOULD GET RICH   BECAUSE STUDENTS WANT TO GET AN EDUCATION!!!

It is obvious to some, but clearly not to enough people, that any system which allows lenders and college administrators to become obscenely wealthy off of money lent to students for ever-increasing tuition and basic degrees, is a corrupt system. The marketing and manipulation to perpetuate this cycle is shameless and immoral.

In the past ten years the top two "executive" criminals at the notorious Sallie Mae have taken home over 400 million dollars in "pay"- all from student loans! This is not how the federal student lending program was designed to work in this country. There are plenty of others milking this gravy train for all it's worth, all while graduates struggle to find work and repay loans, and families worry about the rising cost of education.


GOT DEBT?

In a previous post, submissions to the "DEBT REGRET SHIT LIST" were requested from readers. Some have been received, and will be posted on this blog shortly. The format is being changed so that the student's name is not going to be on the list now, but just the school. So it will look like this:

Boston University, MA Clinical Pyschology, 2007- DEBT: $60,000
"Definitely not worth it! Don't do it!!!"

If you regret attending a certain school and the debt you accumulated (or are accumulating), please let others know by leaving a comment on this blog or e-mailing: paul.small2007@gmail.com. Your name will not be used. If you see your school listed already, submit it again. There is no limit as to how many times a school can be listed.

Just provide the following information:

1) Name of the school
2) Your degree
3) Year of graduation (or withdrawal date)
4) Amount of debt owed for this degree
5) An optional comment that relates to the school or your debt

Thanks for your help. This information is a help to people who are currently about to overborrow for an overpriced education, and sink themselves into debt.

It will also help in the preparation of an upcoming series on this blog examining various fields of study, and the correlation of debt and realistic job prospects. Thanks to those who have provided information for this so far. Those posts will be coming this summer.

GET INVOLVED NOW! RESTORE BANKRUPTCY PROTECTION! CLICK HERE!

If you had it to do all over again, what would you do differently in regard to borrowing for school?

Monday, July 11, 2011

KOOL AID KIDS

DID YOU DRINK THE "HIGHER EDUCATION KOOL AID" AND NOW YOU WANT TO THROW UP?

If you are deep in debt and/or regret about your undergraduate or graduate degree- let others know! It is important to spread the word to help people understand what extreme peril they place themselves in when they over borrow for school with the belief they are making a wise investment in their future.

Send an email to this blog with the the following information:

Your First Name, Your Last Initial, Your School, Your School Location: Your Degree and Year of Graduation (or Withdrawal Date). Put an optional comment about the debt, your current occupation, or advice about attending the school.

EXAMPLE:
Paul S.,   Boston University,  Boston, MA:   MA Clinical Psychology 2007. 
"Over 100K in student debt and working as a waiter. Wish I never went back to school!"
 
These entries will be listed on this blog under the Debt Regret Shit List. Help warn others! Let them know! We know the schools and US government are doing nothing to protect uninformed potential borrowers!

Contrary to what scam blog critics say, our efforts are not just whining about personal current circumstances, but rather to help others avoid the harmful trap of paralyzing student loans. These critics have a difficult time grasping that because of their self-serving social orientation which only understands life through the lens of self-interest. Advocates wish to change the corrupt system for the benefit of all students. This system is not working, and no one can effectively argue that it is at this point.

CHECK THIS ARTICLE OUT:

I WANT MY MONEY BACK!!

Please contribute to the DEBT REGRET SHIT LIST or feel free to leave a comment. Would you get a refund on your degree if you could?
Real Time Web Analytics