tag:blogger.com,1999:blog-3481083477379506990.post186008098225621354..comments2023-10-30T05:28:11.795-04:00Comments on All Education Matters: Bitter Taste, Bad LetterCryn Johannsenhttp://www.blogger.com/profile/08452412213997621242noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-3481083477379506990.post-11676013980654666472010-09-24T10:55:27.265-04:002010-09-24T10:55:27.265-04:00https://www.salliemae.com/about/news_info/newsrele...https://www.salliemae.com/about/news_info/newsreleases/04012008.htm<br />Finance guru Jane Bennet Clark of Kiplinger presents herself as giving objective commentary on student loans, but it turns out that the firm she works with, Kiplinger, teamed up with Sallie Mae to produce a student lending video back in 2008. All these "advice" columns turn out to have the same, misleading message -- student borrowers have rights, that they can work with their lenders, and that the Fair Credit Collection Act will protect them from abusive collection tactics. We all know that this rosy picture has nothing to do with reality, and that Sallie Mae is vicious with its collection techiniques. They have ignored several certified letters and calls from attorneys on my behalf. I changed my number, which is the only way I stopped them from calling, and now they call my main client, a psychology services agency, and bother them. Lenders do not work with you, they don't want to make reasonable deals, and there is no reasonable way out of your situation if you fall behind the huge payments. That's the truth!warwick555https://www.blogger.com/profile/02136215423585651220noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-71386692936037237962010-09-22T14:30:23.947-04:002010-09-22T14:30:23.947-04:00I think its interesting that someone accused me of...I think its interesting that someone accused me of posting an urban legend. The Union loans were not federal loans. They were private loans. I apologize for any confusion. We were qualified for federal loans. but Union came under probation by the DOE and lost its ability to qualify for federal loans. We were steered toward a private arm of Sallie Mae. Private loans based on fraud do not have to be repaid, however, you will take a ding on your credit to challenge your debt. Therefore, the comment about ruined credit is an important point, but only if you are still in the half of Americans who still have a credit rating. If you have been divorced, unemployed, or even temporarily disabled, you don't have a credit rating anyway. Also, 90 percent of credit scores have errors (See the film documentary Maxxed Out). It is harder to function without a credit rating, but it is not impossible, and something to consider if you are already living in a hovel and going without healthy food because of paying off your debts, student loan or otherwise. Building up your cash reserves so you don't have to borrow many mean not paying, at least for awhile. It's terrifying at first, but now I am able to keep 1000 in reserve and haven't had to borrow for three years. I'm not in default with federal loans because I have received deferments and am going to apply for income based repayment. Since I have no new debt, and am not paying on the private fraudulent Union loan, I will be able to afford those payments. Eventually I will come out from under. People who are running up credit cards to make student loan payments will eventually get in terrible trouble anyway. Could you please post a reference to that 10 year old opinion? I've been corresponding with my congressional representative about Union, and I want to send it to her. Thanks!warwick555https://www.blogger.com/profile/02136215423585651220noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-13837479804485020932010-09-22T14:10:57.826-04:002010-09-22T14:10:57.826-04:00http://www.npr.org/blogs/thetwo-way/2010/09/22/130...http://www.npr.org/blogs/thetwo-way/2010/09/22/130046580/harvard-won-t-wait-forever-why-is-larry-summers-leaving-washington<br />This is more commentary on why Summers is leaving. Also, he's the jerk that made the comment about women not being as valuable in the work place because of lower scores in math and science, so Clinton made him leave when he served in the White House back in the 90's. Why Obama picked him in the first place is anybody's guess. Thank God for Harvards strick 2 year leave policy! I graduated Harvard with a doctorate in 1994, by the way (Yes, Obama and I were there at the same time and I think we danced together when I went to a dance at the law school. An angry young lady came up to reclaim him -- I think it was Michelle, LOL!)warwick555https://www.blogger.com/profile/02136215423585651220noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-13957590007306155922010-08-09T00:21:35.233-04:002010-08-09T00:21:35.233-04:00@Anonymous August 8, 2010 - you make good points. ...@Anonymous August 8, 2010 - you make good points. I am not interested in spreading urban legends on the web, but rather seeking to raise awareness about the student lending crisis and assist in writing letters for debtors.Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-41923414977350015122010-08-08T19:44:43.217-04:002010-08-08T19:44:43.217-04:00Even the National Consumer Law Center's borrow...Even the National Consumer Law Center's borrower assistance project concedes that there is no such thing for a defense based on Breach or Contract or Fraud for the federal student loan programs. It is risky for borrowers to be following advice from people like Warwick that can result in a lifetime of ruined credit. <br /><br />http://www.studentloanborrowerassistance.org/loan-cancellation/problems-with-your-school/<br /><br />http://www.studentloanborrowerassistance.org/collections/lawsuits/<br /><br />These web based urban legends are similar to the story that continues to circulate that paying your federal income tax is purely optional. Not one person has won on that argument either.<br /><br />A powerful judge in the federal appeals courts write in an opinion 10 years ago that DoEd has significant authority to discharge loans in cases where the student was clearly lied to by the school about the school's accreditation status, available certified majors, and so on. 10 years later, DoEd still hasn't taken him up on the challenge. DoEd still will only approve "fraud" discharges only if the borrower can prove that someone else (like a relative or a college recruiter) signed the promissory note.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-85146487613137070702010-08-03T09:55:40.977-04:002010-08-03T09:55:40.977-04:00Warwick555, thanks for your remarks. Collinge is a...Warwick555, thanks for your remarks. Collinge is aware of this blog - we've been in contact. I have been in touch with the White House continually. If you're interested in writing to the White House, join our next writing campaign! Just send me an email that says: "Count Me In" (in the subject header). My address is ccrynjohannsen@gmail.com. I agree with you - we need to send more.Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-6869455649087283162010-08-02T12:53:41.716-04:002010-08-02T12:53:41.716-04:00We need more than letters to Obama. We need to con...We need more than letters to Obama. We need to contact our Congressional Representatives about this issue. http://www.studentloanjustice.org/ is a great website set up by student loan crusader Alan Collinge. I'm going to tell him about this blog, and I'm excited that we have so many people participating in the poll. Also, be aware that it there is Breach of Contract or Fraud involved with the school you borrowed money to attend, you don't have to pay the loans back. Search out other unhappy grads or drop outs and document the broken promises and sloppy adminstrative procedures. It's a way to get your loans forgiven. That's we are doing about Union Insitute and University.warwick555https://www.blogger.com/profile/02136215423585651220noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-9635818381102213362010-07-24T11:01:12.849-04:002010-07-24T11:01:12.849-04:00Allen Boyd? He is on the ropes, unfortunately att...Allen Boyd? He is on the ropes, unfortunately attacked from all sides. The tea party people are angry that he voted for health care reform. The pro-pork/pro-earmarks/pro-jobs people are also angry that he voted for health care reform because of course it included the shift to 100% direct loans for new loans after 6/30/10, and Sallie Mae has a large facility in his district which is threatening layoffs.<br /><br />Either Boyd didn't read the legislation before voting "yes," or he deserves the 2011 Profiles in Courage Award.<br /><br />http://www.newsherald.com/news/new-83851-boyd-sallie.html<br /><br />http://video.onset.freedom.com/newsherald/l2f0mq-secduncantorepboydltr.pdf<br /><br />http://www.newsherald.com/news/sallie-84626-haven-slips.html<br /><br />http://www.newsherald.com/news/new-85532-boyd-plan.html<br /><br />Some of this stuff about job cuts is scare tactics. Sallie Mae still has $160 billion in loans to service down over the next 30 years, as well as its growing private (non-federally-guaranteed) loan business and its lucrative new direct loan servicing contracts with DoEd.<br /><br />Boyd is now trying to hook up the Sallie Mae folks with jobs servicing the BP oil spill.<br /><br />The outrage against Boyd seems typical of the tea partiers. If you meet them and scratch the surface, you will find someone whose life depends totally on governmental appropriations, grants, benefits, subsidies, or what-have-you.<br /><br />The bottom line is that it takes Sallie Mae eight times as many jobs to perform the same role as direct loan and handle the same sized portfolio. Layoffs will be necessarily because those jobs NEVER should have existed in the first place. They were only in place because of pork from the federal taxpayers. All those marketing jobs were unnecessary. Why does the federal taxpayer need to pay extra subsidies so that lenders in the federal programs can compete with each other (using other people's money to sweeten the deal with schools!). It is a government welfare program, and there should be no reason to confuse students and schools with hundreds of different computer systems and web sites.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-72079566947943902862010-07-24T00:00:36.258-04:002010-07-24T00:00:36.258-04:00Thanks for all the links, Glen. I am all too famil...Thanks for all the links, Glen. I am all too familiar with Weber's conception of the iron cage, and am a huge fan of his work (I've read the Spirt of Capitalism countless times). However, I still wish to believe that through everyday life resistance we will be able to solve this enormous crisis and change the entire system. I will fight for that until the day I die.Why? Because the people of the United States, those who have sought education and those will seek it in the future, matter to me. Thanks so much for posting.Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-69010293936750181902010-07-23T19:22:15.607-04:002010-07-23T19:22:15.607-04:00I had similar experiences.
I once hand-delivered...I had similar experiences. <br /><br />I once hand-delivered a letter to the US Secretary of Education, but never heard back. Yes, that is correct! Here is the story: http://home.earthlink.net/~fheapblog/id30.html<br /><br />After almost two years of pestering my congressman, I finally received back a letter from his office.<br />http://home.earthlink.net/~fheapblog/sitebuildercontent/sitebuilderfiles/letboyd.pdf<br />Can you find the 3 typos in the letter? Sheesh! That's Florida educated interns for you.<br /><br />I even went to Washington, D.C., US DOE Office of Postsecondary Education on K Street at the "FoggyBottom," but they wouldn't meet with me. This, after conversing with staff over the phone for months. Here is a photo-essay on the experience.<br />http://home.earthlink.net/~fheapblog/id8.html<br /><br />I am convinced that those trapped within the bureaucracy are just as unhappy as those of us trying to reach them (except for the fact that they are getting a pay-check and I am not) -- Max Weber, afterall, called it an "iron cage" (better translation, steel carapace). And here is another link for you: http://home.earthlink.net/~fheapblog/id15.html<br /><br />The choice, it seems, is between the "iron cage" and the infamous Ivory Tower. No hope there. But to rid ourselves of both monstrosities forever would only result in more pain and suffering than we now have. I don't know what the answer is. I really don't.Glen S. McGheehttp://home.earthlink.net/~fheapblog/id20.htmlnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-37869175337285577272010-07-22T08:04:03.012-04:002010-07-22T08:04:03.012-04:00They are shooting themselves in the foot with that...They are shooting themselves in the foot with that $23,000 number because it is way high. All it represents is the average cumulative debt of students who graduated with a bachelor's degree in 2008 -- a tiny, tiny sliver of the total, postsecondary student population in 2008, or in any year, for that matter. Most students don't graduate. In addition, you would have to look at the (lower) average cumulative debt incurred by students who complete short-term postsecondary certificates and associates degrees, as well as students who drop out or stop out before completing those programs as well.<br /><br />Finally, there is the group that is not included in those averages at all, the group that everyone forgets about: those who do not borrow at all for their education. This group ranges from 30% to 90% depending on what group you are talking about and what length of education experience. The longer someone stays in a bachelors program, for example, the more likely she will be to take out a loan.<br /><br />http://nces.ed.gov/programs/digest/d09/tables/dt09_342.aspAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-88744453456442140582010-07-20T01:54:44.348-04:002010-07-20T01:54:44.348-04:00That's a great idea, JD. How could we go about...That's a great idea, JD. How could we go about doing that?Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-79197540930879776272010-07-20T01:33:15.870-04:002010-07-20T01:33:15.870-04:00JD Underdog, Cryn:
Could we not post a letter on-...JD Underdog, Cryn:<br /><br />Could we not post a letter on-line and allow people to subscribe to it using their pseudonyms?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-27134298241683503452010-07-19T19:04:37.178-04:002010-07-19T19:04:37.178-04:00If you show up and vote the Democrats out of the H...If you show up and vote the Democrats out of the House and Senate you might get the president's attention. Of course, the president may be self-centered enought to not notice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-45455478103620207892010-07-19T15:15:18.941-04:002010-07-19T15:15:18.941-04:00JD - why not send it anonymously?JD - why not send it anonymously?Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-64993021473597679392010-07-19T15:13:42.054-04:002010-07-19T15:13:42.054-04:00I commend your letter writing campaign! I'd d...I commend your letter writing campaign! I'd do it, but I don't want to reveal my identity.Anonymousnoreply@blogger.com