tag:blogger.com,1999:blog-3481083477379506990.post8178553088706906425..comments2023-10-30T05:28:11.795-04:00Comments on All Education Matters: Highlighting the Headlines: What Are The Mainstream Media Outlets Saying About Student Loan Debt?Cryn Johannsenhttp://www.blogger.com/profile/08452412213997621242noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-3481083477379506990.post-68708489925379177372011-02-09T18:22:16.083-05:002011-02-09T18:22:16.083-05:00Liz, I know someone here already helped you out ab...Liz, I know someone here already helped you out about IBR. I also am aware - through conversations I had with people on the Hill - that it's a challenge getting people signed up. Oftentimes, lenders don't even bring it up or they just prefer to put a loan in forbearance, because it's easier when it comes to the paperwork. Rest assured, those who have backed IBR want the process to be easier for borrowers.<br /><br />Just wanted to add that point.Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-20817840518579916962011-02-09T10:41:19.103-05:002011-02-09T10:41:19.103-05:00Thanks! The federal loans were consolidated, and i...Thanks! The federal loans were consolidated, and it took three tries, but as of yesterday the website says I'm in the federal IBR program now. I just can't get over the fear that the company will do SOMETHING else to me and I won't be able to dig out from under. <br /><br />A friend of mine warned me Sallie Mae was awful about the IBR program, but it's one thing to hear about it, and another to see your payments scheduled to DOUBLE - and then have the phone answered by a person who is obviously trained to keep you from complaining and otherwise doesn't really know how to do anything. "But Miss, Miss, higher payments are what you can expect after your payments have been lowered for a period of time." "But I DON'T WANT THIS PROGRAM." "But that's how it works." And on and on.Lizhttps://www.blogger.com/profile/11765709902686717379noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-62970204719123602572011-02-08T16:10:02.795-05:002011-02-08T16:10:02.795-05:00Liz:
That's par for the course. I sent in pa...Liz:<br /><br />That's par for the course. I sent in paperwork before while on deferral and they refused to enroll me in IBR saying I was on deferral. They are banking on my defaulting instead.<br /><br />This is why you should never take out loans and engage in a prolonged transaction with any company. They are all out to screw you over.<br /><br />Your best bet is to consolidate through the education department, just google student loan consolidation and it'll be the first option. They will pay off Sallie Mae and give you a consolidated loan, which you should enroll in IBR for. <br /><br />I wish I had gone on IBR a long time ago, my loans have ballooned since then. I now owe $16k more than when I graduated. I personally feel these rates are usurious and I understand now why once you're in debt you're finished, there is no way you can pay anything off because it just keeps getting bigger and bigger.<br /><br />I personally think credit should be abolished.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-44002754233221851562011-02-07T23:28:28.697-05:002011-02-07T23:28:28.697-05:00Yes, I agree with the two Anonymous posters.
I...Yes, I agree with the two Anonymous posters.<br /><br />I've a good mind to tip him out of that chair, and then challenge him to a round or two of fisticuffs. (Marcus of Queensbury Rules of course)<br /><br />And after I box his ears a little, we'll see just how inclined he will be to leisurely cross his legs, and stare at people so!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-68367421775648470402011-02-07T22:46:10.574-05:002011-02-07T22:46:10.574-05:00You know, Sallie Mae has screwed up repeatedly, an...You know, Sallie Mae has screwed up repeatedly, and it always seems to be in the benefit of the company. It's seeming less and less coincidental. <br /><br />Most recently, I downloaded and mailed the paperwork to enroll in the federal IBR program. And somehow they applied my loans for forbearance, and sent me paperwork saying my payments are zero for a year, but will DOUBLE after 12 months. <br /><br />I called them, with copies of my paperwork applying for the federal program in hand, and the customer service rep just kept repeating they'd enrolled me as "a courtesy", and I don't have to make payments "to help you out." I could NOT make her understand that I DON'T WANT FORBEARANCE. I want the federal IBR program. I signed up for the federal IBR program. But somehow, I'm enrolled instead in the program that benefits Sallie Mae and could cost me tens of thousands of dollars. <br /><br />It really makes me wonder how many times Sallie Mae has made this "mistake" and how many people didn't read the paperwork carefully. Now I have to spend however many days straightening it all out, and my first phone call was NOT promising.Lizhttps://www.blogger.com/profile/11765709902686717379noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-63442486172468922082011-02-07T22:23:36.764-05:002011-02-07T22:23:36.764-05:00@Feb. 7 9:38 That's the point. Think about wha...@Feb. 7 9:38 That's the point. Think about what kind of person he might be. What does he potentially represent?Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-30120135086449681332011-02-07T21:38:06.353-05:002011-02-07T21:38:06.353-05:00Ms. Johannsen:
I must confess that I applaud the ...Ms. Johannsen:<br /><br />I must confess that I applaud the perspicacity of the anonymous poster at 6:16 PM<br /><br />My chivalrous impulses, and a general respect for womankind the world over, will not allow me to stand idly by, and refrain from remarking upon how truly indignant I feel when beholding the saucy expression on the face of the young "knave" depicted above.<br /><br />The sauciness of his demeanor, and his pool-hall vocabulary betray his attitude, and his ill-designs. <br /><br />Is there anyone here who would not agree, that addressing a woman as: "one smart dame" is monstrously condescending, and displays a degree of disrespect of unfathomable proportions?<br /><br />And the audacity of....the mere thought of.....pointed sideburns is, well............ <br /><br />Really!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-74280989630181044432011-02-07T19:05:23.862-05:002011-02-07T19:05:23.862-05:00^^^Oops, spelled it wrong. It's "roguish&...^^^Oops, spelled it wrong. It's "roguish"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-79476078623801843402011-02-07T18:16:20.901-05:002011-02-07T18:16:20.901-05:00That young fellow with the newspaper has a very ar...That young fellow with the newspaper has a very arch expression, rendered distressingly moreso by that roughish pompadour and crooked grin! <br /><br />"Gee" is bad enough, but simply based on his picture, I would't put it past him to slip in a "So's your old man!" once in a while.<br /><br />Indeed!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-48134992659313859412011-02-07T16:25:37.361-05:002011-02-07T16:25:37.361-05:00Thanks for your post. Rest assured, I do not quest...Thanks for your post. Rest assured, I do not question the quality of the education - in many cases, one can find outstanding instructors at for-profits - but rather the way in which they function. The fact that they are for-profit troubles me greatly.Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-40553558584434781722011-02-07T15:33:23.028-05:002011-02-07T15:33:23.028-05:00I began attending online university in the fall. ...I began attending online university in the fall. I responded to an emailed ad (to indicate that I was interested). Probably the very next day, a very aggressive and of course, ostensibly, charismatic admissions (?) officer spent hours, getting me quickly enrolled. Then immediately, the university's financial aid department set up a hefty package including loans, grants, stipends (subsidized and unsubsidized). They labored tirelessly until I was enrolled. Despite being skeptical, I signed on. I, most certainly, had the sense of buying a used car. I verified, online, that the college is accredited and established over a hundred years ago. My stipend checks come from Sally Mae. I have attended "regular" college numerous times in the past until a decade ago. An interesting observation is, in critiquing the work of fellow students (a proviso and important aspect of our grade on each assignment), I have noticed that <br />MANY of the submissions have a junior high/middle-high school quality. For instance, albeit we are instructed to use proper grammar and spelling, many students often do not incorporate sentence form or seemingly understand that "I", as a word, is capitalized, etc. We DID have to take an entrance exam for qualification, but it seemed like more of a formality and I'm guessing a fifth grader would have passed it. I realize part of this is that "kids" have learned cyberese, but I'm also wondering if they're extending loans to students who are not equipped for college and may not pass/graduate or be enhanced by work they don't yet grasp. I am envisioning them (and this is rampant) being ill-equipped, failing out or being graduated unscrupulously and with reams of debt. I've suspected something shady. Although, I have to say, the professors do present us with college level assignments.Anonymousnoreply@blogger.com