defaultmovie asked:
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
Jesse
Courtney
I can’t understand the sympathy for homeowners. You can get out of a mortgage. Not so a student loan. They say the homeowners didn’t understand what they were getting into. How many 18-year-olds understand what they’re getting into?
If anyone’s going to be bailed out, it should be these educated Americans who are already contributing to society.
Comment by sabine45102 — September 5, 2010 @ 6:07 pm
Raul
I’m still paying off a student loan been 8 years now. I keep getting interest relief though so in Canada the government will pay your interest while you do that so I haven’t actually paid my loan for almost 2 years. I don’t know what its like in the States but we aren’t allowed to go bankrupt until 10 years from the initial loan. Even though my schooling never paid off with a good job I will not go back to school again. No more student loans here.
Comment by Bisquack — September 6, 2010 @ 11:08 am
Rosa
If the government would get out of the student loan business and college students refused to borrow the cost of college would plummet.
Comment by TheMrMarple — September 9, 2010 @ 12:23 am
Jane
So you either have to be dirt piss poor or you have to go to the cheapest school possible to not end up in debt like me. I was a good student and got into top schools….wrong…now I’ve learned my lesson, prestige isn’t worth shit, education is not a product that can be sold, like an ipod or a luxury car, education is more of a need than a want and IT SHOULD BE FUCKEN FREE AND PUBLIC.
Comment by MementoMori425 — September 11, 2010 @ 12:33 am
Ruben
Ok look, the only reason financial aid helps you is if you are actually dirt piss poor. Sucks for me, my family is a middle class family, and my father sometimes makes 100-200 dollars an hour and owns two houses, guess wha,t we have to pay almost half of my student tuition which is around $60,000, and I had to borrow half (30k) over 4 years to help my parents, now I am stuck with a 30+k debt…so yes, I know people who were actually in my school that got to go there for almost free.
Comment by MementoMori425 — September 11, 2010 @ 9:40 am
Joyce
@stater68 Yes, it shouldn’t be government backed. Why do we flood money into these banks and colleges? They privatize the gians but socialize the loss on the students. That is ridiculus!
Comment by hexzerg — September 14, 2010 @ 1:47 am
Franklin
Actually the student loans should be made directly with China. Cut out the middle man, the U.S. government, from taking it’s cut.
Comment by fckyouobama — September 17, 2010 @ 9:30 am
Tyler
The only reason college is so expensive is because of these loans.
Comment by stater68 — September 18, 2010 @ 5:01 pm
Audrey
Its spelled ‘you’re’, not ‘your’- idiot.
Comment by ScavengerData — September 19, 2010 @ 6:23 pm
Stella
debt is slavery
Comment by 1GUNSQUIRREL — September 21, 2010 @ 2:40 pm
Tyrone
bluediamon2077 you’re a dipstick
Comment by vanorenstein — September 23, 2010 @ 2:17 am
Carla
van your a fool
Comment by bluediamond2077 — September 25, 2010 @ 2:42 am
Rachel
ive been working retail for 15 years trust me not going to school is much worse . now on loans.. working pt and getting a degree loving life.
Comment by bluediamond2077 — September 26, 2010 @ 9:20 am
Wendy
i cant believe i decided to take out astudent loan, worse decision of my life
Comment by MrBillyJoe2009 — September 27, 2010 @ 3:50 am
Derek
@vanorenstein its spelled insult… LOL…
funny someone calling someone stupid when…they can’t spell…. your really pathetic you need to stop….you look really bad each time you open your mouth..
Comment by pro1tein — September 28, 2010 @ 1:46 pm
Arlene
There are student loans available. You can read reviews and news all about student loans
studentloans1 . blogspot . com
Comment by jac7ck — September 30, 2010 @ 1:10 am
Patricia
@vanorenstein SSShhh.. just sshhh your an idiot…just sshshhhhh.. I will let you figure out why someone would get a degree……..just ssshhhhh.
Comment by pro1tein — October 1, 2010 @ 7:24 am
Edward
@pro1tein
Probably not half as stupid as you. We are suppose to believe your mom is now 28. At any rate, I will rephrase the question. If it took your mom 10 years to get her degree while she was working, what was the purpose?
Comment by vanorenstein — October 4, 2010 @ 1:37 pm
Todd
@vanorenstein LOL…you really don’t know how stupid you look saying that…..again read what I wrote… it says it took her til 28.. .TIL 28… and 10 years of night school…
Think I need to just say it… dam your dumb
Comment by pro1tein — October 4, 2010 @ 10:09 pm
Leo
I think your momma is an idiot, since it took her 28 years to graduate college. She could have used that money for your plastic surgery.
Comment by vanorenstein — October 8, 2010 @ 7:12 am
Leonard
@pro1tein
I think your momma is an idiot, since it took her 28 years to graduate college. She could have used that money for her plastic surgery.
Comment by vanorenstein — October 10, 2010 @ 8:44 pm
Tommy
@vanorenstein Wow your an idiot… read my post again…. READ…. then comment
Comment by pro1tein — October 13, 2010 @ 5:38 pm
Nancy
I don’t know… I am thinking.. why do you even borrow all this money.. I started in community college and went to an affordable state school.. There is military options as well..
And you don’t have to go straight through in college. You can go a semester and take one off, or you can go part-time.. My mom did 10 years of night school to get her accounting degree. Worked full time and did night classes..
She had no debt, it took her til 28 to get her degree, but she didnt owe anything.
Comment by pro1tein — October 14, 2010 @ 9:00 pm
John
I am so tired of sallie mae…yeah they gave me the money I need for school but seriously we should not have to pay a house note to pay them back….this aint right…i wish i could sue
Comment by TheTiamarie09 — October 16, 2010 @ 3:15 am
Carrie
True–otherwise, it’s like your simply “using a debit card”.
Comment by ticks4ticks4 — October 16, 2010 @ 1:53 pm