Anonymous wrote:

Anonymous wrote:My best friend is a geography major and is making 150k plus. It's high in demand with defense companies. She is great at geospatial mapping. You can't judge people by your limited knowledge of their major...

We are partners in a company that uses geology majors to search for oil, gas, and other precious minerals.

Isn't that fantastic. Remind me again what that has to do with geography?

i didn't even finish the story and I call BS.

If she had no parents then she had no source of income and thus should have also qualified for Stafford loans and maybe Pell grants.

If she didn't qualify for those, then she had assets. I vote irresponsible baby who wants to be a writer just as the fourth estate is almost fully crumbled.

http://www.marieclaire.com/world-reports/inspirational-women/new-change-agents-stefanie-gray

I don't like the no repayment for heirs nor the repayment related to income. The loans should be refinanced at lower rates where possible. I shudder at the debt people incur with majors that might not lead to employment. Or people unwilling to relocate. All sorts of variables.

Yup. Sure she should pay back, but the usurious interest rate is deserving of punishment. In this case, the bank's greed led to them getting nothing, and I'm glad.

I'm so sick of people who make stupid choices facing no consequences for their choices. Smh

Anonymous wrote:Both PP are idiots - I agree with the PP about her paying it back. What is wrong with you people? Folks have to pay their debts!

I agree that people should have to pay their debts. However, I don't think it's reasonable that 3 years of interest on a student loan should double the amount of the loan. THAT is ridiculous and companies should not be allowed to make enormous profits off of student loans. Credit cards, sure. But companies don't charge double-digit interest rates on mortgages, and they shouldn't on student loans either. Also, if the person cannot afford their loans and offers to work out a payment plan with the company, it's in the company's best interest to do so.

Both PP are idiots - I agree with the PP about her paying it back. What is wrong with you people? Folks have to pay their debts!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So, you guys are heralding someone who has been a deadbeat on their loans and is publishing an article celebrating that fact.

America is done here.


She needs to pay the loans she took out - no matter what. No free lunches, unless, of course, taxpayers like myself are funding them.

When can we go galt? Enough of these damn leeches on society.

Is everything really so black and white to you? 1) the interest was two times her original loan. How much interest is ok in your book? 2) as she so astutely pointed out, people with credit card debts are able to declare bankruptcy and get their life back on track within a few years. She would have this nightmare for the next 20 years. And she WAS trying to get them to set up a payment plan. they refused. I'm glad they lost.

Yes, she borrowed, therefore she pays.

We are (used to be) a land of laws. Actions have consequences - apparently only for the responsible in obamas America circa 2014.

Indeed, the poster is an idiot. Perhaps he should look up on wikipedia the history of the state of Georgia to get some idea of what kind of nation the USA has always been.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So, you guys are heralding someone who has been a deadbeat on their loans and is publishing an article celebrating that fact.

America is done here.


She needs to pay the loans she took out - no matter what. No free lunches, unless, of course, taxpayers like myself are funding them.

When can we go galt? Enough of these damn leeches on society.

Is everything really so black and white to you? 1) the interest was two times her original loan. How much interest is ok in your book? 2) as she so astutely pointed out, people with credit card debts are able to declare bankruptcy and get their life back on track within a few years. She would have this nightmare for the next 20 years. And she WAS trying to get them to set up a payment plan. they refused. I'm glad they lost.

Yes, she borrowed, therefore she pays.

We are (used to be) a land of laws. Actions have consequences - apparently only for the responsible in obamas America circa 2014.

Let me guess, you didn't go to college. It shows honey.

Anonymous wrote:

Anonymous wrote:So, you guys are heralding someone who has been a deadbeat on their loans and is publishing an article celebrating that fact.

America is done here.


She needs to pay the loans she took out - no matter what. No free lunches, unless, of course, taxpayers like myself are funding them.

When can we go galt? Enough of these damn leeches on society.

Is everything really so black and white to you? 1) the interest was two times her original loan. How much interest is ok in your book? 2) as she so astutely pointed out, people with credit card debts are able to declare bankruptcy and get their life back on track within a few years. She would have this nightmare for the next 20 years. And she WAS trying to get them to set up a payment plan. they refused. I'm glad they lost.

Yes, she borrowed, therefore she pays.

We are (used to be) a land of laws. Actions have consequences - apparently only for the responsible in obamas America circa 2014.

Anonymous wrote:

http://www.theguardian.com/commentisfree/2014/nov/24/sallie-mae-student-loan-financial-education

A few things I don't understand- in debt collection, isn't it better to get some money? Aren't companies more willing to set up some kind of payment system rather than get nothing?

Also, I don't know what those companies were, especially the one they have no record of.

This is how she won: The debt was sold to another company for pennies on the dollar, but the "buying" company did not have the full paperwork (because the debt was cancelled for the original loaner, not for her) . So they could not "prove" that she owed them. The parent company had already written off the loan, so they could not collect further. Really a crooked system all around.

Anonymous wrote:So, you guys are heralding someone who has been a deadbeat on their loans and is publishing an article celebrating that fact.

America is done here.


She needs to pay the loans she took out - no matter what. No free lunches, unless, of course, taxpayers like myself are funding them.

When can we go galt? Enough of these damn leeches on society.

Is everything really so black and white to you? 1) the interest was two times her original loan. How much interest is ok in your book? 2) as she so astutely pointed out, people with credit card debts are able to declare bankruptcy and get their life back on track within a few years. She would have this nightmare for the next 20 years. And she WAS trying to get them to set up a payment plan. they refused. I'm glad they lost.

Anonymous wrote:My best friend is a geography major and is making 150k plus. It's high in demand with defense companies. She is great at geospatial mapping. You can't judge people by your limited knowledge of their major...

We are partners in a company that uses geology majors to search for oil, gas, and other precious minerals.

So, you guys are heralding someone who has been a deadbeat on their loans and is publishing an article celebrating that fact.

America is done here.


She needs to pay the loans she took out - no matter what. No free lunches, unless, of course, taxpayers like myself are funding them.

When can we go galt? Enough of these damn leeches on society.

Anonymous wrote:The fact that the loans ballooned from 36K to 77K in three years while she was unemployed and looking for a way to work things out is appalling.

She is resourceful and tenacious and I would expect her to do very well in life.

what would have been a reasonable amount of interest to have accrued during this period?