so here’s the deal, I have about 92,000 in loans, I’m figuring penalities and interests added to that, and with my income, LOL ROFL, well I could pay my entire monthly gross,

which would leave me homeless and I don’t believe I can get TANF, though I might be able to get food stamps [haven't checked that math out yet], forget childcare, just hope my kids don’ t burn down the place while I’m working…

but I figure doing that, by time I am on the streets, eventually I’ll get fired for not having an address or a place to bathe, so I’ll go back Into default,

So, looking into self-employment, LOL, which ironically seems to be a better alternative, so due to the type of business I’m thinking of, I’m looking for investors from Middle East–women especially. To sell hand made goods,

in other words, investing in countries that there is money and where our government invests in anyway, like Saudi, Oman, Syria, Lebanon, etc.,

maybe stock options/investments…I could take five months of savings and invest in Those countries and use the dividends to pay student loans. If Uncle Sam can do it,

why can’t we?

And I’m SURE, Sallie Mae and Citibank and the DOE would have not a problem with how we made the money, as long as they got paid and Then some…

I am in default, very low income [way below poverty line] and at my age [late forties] with three kids, doesn’t look like I’ll ever get out of default, unless I win a lottery,

Anyhow, in going over the math in how I can pay off the original loan plus the almost a million in interest, well, two hundred thousand is what I would wind up with over a 45,000 loan…well, I have a few options,

1. write a book and hope it can gross in the thousands
2. get hooked on meth and work three around the day jobs, and hope that Child Protection Services doesn’t take my kids for being home alone with no care
3. thought about prostitution but at my age probably wouldn’t make a whole hell of a lot
4. could Sell meth, though don’t have the funds right now to get a meth lab started [though believe me the thought is becoming More appealing]
5. could take up arms sales to criminals, but again, don’ t have the capital to do that
6. find a way to go work in Iran, Lebanon, Syria and tell them what I know

or write a book about all of the above which is what I’ve decided on, after all, if I fail, I’m no worse off

but in this process, I do think, that all of us who owe student loans, Should strike a deal with Iran, Lebanon and Syria, in business, they after all, are working [well, o.k., the US government and UK] on this type of Sharia Student loan where Muslims won’t have to pay a dime of interest,

isn’t That nice? So, you see, as for all this debate about whether education should be free or not, well Look at it This way,

keep up the charging 200,000 in interest penalties for a 40,000 loan, or 40,000 interest penalties on a 5,000 loan, and in meantime, give education away for free to illegals, and Muslims from other countries [esp those hostile countries LOL],

and think, just think, in next generation, all Americans will be able to do is hold the pickle hold the lettuce,

and all those good jobs and those with the incomes to Buy your houses and nice things, will be those who have set up Sharia courts in your back yard.

So since that is happening Anyway, why not give Bush and the Admin and the Sallie Mae’s of the world a helping hand in destroying the future of America, and strike business deals, sell our loan balances to the governments of Iran, Syria and Lebanon and Saudi, and pay Them the loan balance instead.

Works for me…

and believe me, I’m looking into it,

SERIOUSLY.

I was applying in many companies and submitted my resume. But the response was based on carefull background study on education, you aren’t fulfill the requirement. Then I call back the school and ask for transcript, on my transcript I found 2 maths transfer credits aren’t shown on the balance sheet, but I had evidence for those class credited from maths dept. professor. And I have a copy of letter showing those class are credited.

My question is who is responsible for my life to be miserable? And for the past 4 and half years I have been struggling working low pay jobs, I end up on debt burdon and collection call harassment.

Please, I need your honest opinion. Do I purse a law suit to the school? or ….

I started making payments on my loans and consolidated my loans. However, to get a check made out in U.S. funds and then to send it, I am charged $40 by the bank and post office. I tried to arrange that I could pay by credit card, which would make life easier, but they would not accept it.

Due to financial hardship, I was unable to keep up my payments and called the loan company. I found them rude and unsympathetic. I was offered an income sensitive repayment plan. However, this was based on U.S. income, which is useless to me. I live in a country where the expenses are much higher; from housing to taxes. Plus, the wages seem to be quite decent from a U.S. perspective, but would be average here. I pointed this out and was told they could only go by U.S. standards and was told that according to their calculations, I could afford the $450 per month payments!

After defaulting because I was too broke to send anything I was informed that I could pay $235 a month, but I will be 60 years old before they are paid off and they tacked on $5000 for good measure – in other words, a punishment for defaulting. Oh, and this will get interest, as well. A good deal for them. And I can tell you that I will never repay that $5,000.

I am making regular payments, but I have a baby due in July. While on maternity leave, my salary will be cut by 50% and I will not be able to make any payments on the loan. I can go into deferment again (and more interest will be tacked on), but there is no way I can ever make any payments. Even if I want to send $50 a month, it will cost me $40 a month just to send the check. And I will not be able to afford even that small amount. Child care costs where I live is on average $1600 a month! And I need to pay that in order to continue working and keep a roof over our heads. So, it looks like I am heading back into default.

She’s headstrong, but very immature, and like many 17 and 18 year olds, she thinks 4 years is very far away in the future, and $5000 of debt might as well be $105,000 of debt.

How can ANYONE convince her how different her life will be during her 20’s, 30’s, even 40’s, if she graduates from Pitt with no debt versus graduating from University of Boston with $100,000 of debt?? Her parents and I feel like we’re talking to a brick wall.

I have had a unique experience in this so-called student loan operation.

I am an old student who has defaulted due to lack of the actual information from the government about my student loan that were paid by Chase Manhattan Bank. In the later years of the Government’s lien placement on my name as a debt credit risk, I decided to check on all the schools’ payments but shocked to find that some of the schools had no record of me having attended their schools but got paid several thousands of dollar tuition in my name. This finding became mindboggling as cogitating in the manner such a thing could happen puts one to a loss.

How could Chase Manhattan Bank send a check in the amount of several thousands dollars to any school in the name of a student who does not attend such a school? Could you advise me as to how this could have happened? I requested this information from the State’s Student Loan Service but without any answer or reasonable reply to the inquiry.

Sincererly yours,

Chola M.Mapoma

I was lucky to scathe by with only 25K. My parents saved for many years and that helped a lot. Of course when I told them I was getting married, they cut off my funds. Needless to say, this is something I will never forget. They were angry that I was getting married and didn’t want me to quit school, get pregnant and never finish. Cutting off my funding nearly forced me in that direction.

I stuck to my guns and finished, which now leaves me in a hole of debt that is tough to get out of. I’m lucky my husband is a finance major and an accountant, so we stick to a very strict budget. Over time, it will get paid off. It’s just ridiculous that a society so focused on making a better future for young people makes it so imensely difficult to start off on the right foot.

There seems to be an axiomatic assumption that the banks should always be paid their interest rates and that there is a karmic debt if we fail to do so, yet anyone who has read The Creature From Jeckle Island (Griffin), and many other books exposing the fraud of our current monetary/financial/debt system, knows that student loan debt (which has quadrupled in the 90s because of inflation), is just another way to maintain social control and prevent us from moving forward with actual freedom to improve our lives, including starting businesses that may help us to pay off those loans.

I still had to seek Vocational Rehab funds for my current goal to go into Holistic Health, which was not granted. I fortunately am able to get help with the local Micro-business Development organization, which offers business classes and many other services for low income people–I have saved for one year to recieve matching funds for my certification, which was a pittance compared to the cost of my BA in Geography, where I had little choice but to work as a bureaucrat for the state in one institution or another–not my choice to live as a cog in the Matrix.

Most know that many jobs have been outsourced or insourced, where an engineer, for instance, trains his replacement (who is paid much less) and then is fired. There have been a lot of suicides over these issues of career and salary and many are asking a lot of questions about the globalization looting scheme. Chosadusky (sp?) and many others are a good starting point to read to understand that the entire world is being manipulated through the Bush New World Order slavery plan.

In college we are all indoctrinated (even in my Spanish class) to assume that we live in an international monetary / trade system (which we always have, but with the benefit of national sovereignty, not corporate rule), and we should expect to travel to Europe or somewhere out of country to work if we expect to “compete in the global marketplace.” I’m here to tell you that it’s all a huge hoax, a BIG HOAX, designed to exploit anyone not sufficiently informed on how their mind/social control system works. Check out CuttingThroughTheMatrix.com Basically, we give them the authority because we believe in them–and they are our masters, not our servants. The real American System, which has been destroyed by the bankers and the British Empire (no kidding) since the beginning, is not in use. (See LaRouchePAC.com and other LaRouche websites).

We are slaves, folks, until we end the tyrannical Federal Reserve looting system (and corporate rule, etc.). Right now the citizens of Peru have SHUT DOWN the capital city because they are refusing to go along with privatization of social security and other globalization/fascist looting systems. This is a global problem and Americans are the last to know, because we are not even taught the truth in our collleges and have been mind-controlled since 1914, when the British Tavistock Institute of Human Relations (the mother of all mind control think tanks) was established in America in it’s satellite front groups. We have been controlled almost completely since then and need to take back our liberty or be micro-chipped and turned into full fledged Matrix Robots.

I have considered contesting my school loan debt because it was NOT an education, but an indoctrination into globalization (overall), and becasue the debt increased dramatically as I progressed toward my puny Bachelors in Geography. I found out about this because I challendged the crap I was being taught in World Economic Geography class. Nowhere was anyone willing to face issues like planned obsolescence, which is a treatment for employees as well as products like light bulbs. I personally have no desire to be a functionary in the New World Order Plantation.

We have no choice of how to live our lives after graduation (join the buracracy or go further into debt), and in my case, my health was so bad I didn’t know if I would be in a wheel chair for the rest of my life. Then I could have gotten debt “forgiveness” due to my being disabled. What a deal. I am actually being punished for healing my own diseases, something conventional medicine couldn’t do, thus my chosen career path. I know people on Social Security because of illnesses that are totally curable, but they don’t want the cure because they are kept by the government/taxpayer toll.

I am continuing to research debt forgiveness and plan to challenge Congress and the loan system about the debt, especially the unsubsidized loan system, which is the cause of most of my high interests which I cannot pay. In Europe you can attend school for about $2K a year and in many places it’s free. This is an option for us as well as auditing classes and passing the department tests without having to attend the often useless classes.

I used to joke that I would have to write a best seller to pay off the loans. It is no longer a joke, but a plan, if I cannot find some other answer to this problem. My alternative is debt slavery and I refuse to be a victim. I am voting for Ron Paul, who would shut down the Federal Reserve in his first week as President, and though he may not win, his platform is an opportunity to educate the populace about the many fraudulent looting schemes imposed upon the people–with MANY examples of their channeling in cheap labor via “weaponized immigration” and turning this country into so-called 3rd world country–they are doing it with DEBT, and as Kissinger said, to the effect that if you control the food you control the people, if you control the money, you control the world. It would be great to be an illegal alien right now, they don’t have to pay taxes and can get many subsidies for starting businesses that I can’t. I was also excluded from various other jobs because I was not Indian, Black, etc. Being a woman doesn’t even help, as usual.

I suggest that readers at this forum work on as many fronts as possible to end globalization/fascism and inform themselves of how to learn from the Peruvians –see Aaron Russo’s America From Freedom to Fascism, and consider being a part of the “Ron Paul Revolution”, and Restore the Republic, as this country and what we should represent (liberty and justice and the right to persue happiness) is going down in flames unless we use their weakest link to end the tyranny, debt and other forms of slavery.
Regards,
R.Blair
Springfield, OR