Default: the Student Loan Documentary
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
Tags: feature length documentary, Documentary, Default, Student
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Student on honors list, deans list, enginnering major, family expected contribution of $0, I have to take out additional loans just to pay for required books.
@empyblessing
Yea, but remember, they can take you social security, inheritance, loto money, wages if you have a job etc.. they don’t give a fuck, THEY GONA GET THEIR MONEY one way or the other… even if they have to wait years.
@1GUNSQUIRREL
But you heard what that fool on TV just said… she was implying that you need a “significant” amount of education to become a “professional photographer.” Propaganda, sounds like she never learned SHIT. It’s one thing for a doctor, scientist etc to require REAL significant amounts of education, it’s another thing to borrow $30,000 to learn art, and end up owing THREE TIMES MORE for that same worthless piece of paper… unlike a medical degree etc.
This is the fucking future of America… DEPT SLAVERY. They don’t give a shit about your “higher education” in ‘art history’ you got into $50,000 of dept for, or you “women’s studies” degree you “invested” $100,000 from an “ivy leage” school… all they care about is keeping you in dept for as long as possible, to make bigger profits. WAKE UP!
There was a time when students would WORK part time and use cash to pay off school, but costs rise every year, and preditory lendinders feed on people.
@1GUNSQUIRREL and money is created from debt. so money = debt = slavery
There is so much money in the US tied into the hands of the few. Coorprate and Gov. greed. This could be a great country but education is too expensive when you make minimum wage as a young person. If you go to school you owe forever.
-_- I borrowed 10,000 bucks, interest is going to bump it up to 34 thousand, (Lol i dk)
and this is just for community college
FUCK
@waverly2468 lmao @ college is like one of those jigsaw traps in saw 4
@prettyproblem16 Good call. I am not exaggerating when I say I learned nearly as much at my CC as I did at my university. I went to a fairly well respected school, earned good grades, and learned next to nothing. I can’t imagine going tens of thousands of dollars into debt, to learn practically nothing, and then going out into one of the most difficult job markets since the great depression.
@overthehillsfaraway9 yup im one of those people who almost took out 25k in loans (for the fall 2010) but then realized it made no sense so now I am considering a community college then transfering
Any Ivy League and Professors in their department teaches Humanities which ranges useless major. About 70% at any school are in humanities. People should google it. The reason we all know that Engineers, Docs etc make good money. Not that one does not wanna study it. but the brain is not capable of doing so. It s tough.
College is an entry level to get the foot in the door. Most jobs post 99% experience in their ad first and one line education, which one teches for half their life inc High schoo
SallieMae is a rip off organization. If you don’t make enough to pay huge monthly payments, they will garnish your wages and sell your loans over and over where that is impossible to ever pay your loans off. The United States government allows them to do so. It’s all about the money. France pays for her citizens to gain higher educations, but not the U.S. The only people who get free tax paid education and healthcare in the U.S. are criminals in prison.
Choose the right career!! I have so many friends graduated with B.A. in Art, Music and Business that can’t find a job. I’m glad that i’m major in CLS. Grad school is perfusion. Hopefully i’ll be able to pay everything off.
@empyblessing They will garnish your wages bro…
@yavin99 Surely people aren’t pissed off enough….maybe we will by 2017
@abmmwl That has nothing to do with capitalism. That has to do with the Federal Reserve which is anything but capitalistic.
@FaithfulAndTrue1 im a veteran but if thats what it comes to ill be ready
@yavin99 Revolutionary war?
i took a student loan out a few years ago for 12k, i had a hard time paying it back at first so the gov started taking $125 a week from my paycheck and that went on for over 3 years so they took more then 18k from me and that not including the 5k i had already paid on it, the problem is the gov keeps reselling my loan over and over and apparently the paperwork keeps mysteriously disappearing that i ever paid a single penny on it, at this point i still owe 18k on it
@ferrari4sale
They can take whatever is of value in order to oay off the loan, and your credit score will be so bad that you won’t be able to get money for a house or car, an apartment, or credit cards. :(
Keep track of your records!
@RedFlower26 I owe them about 10k. No body co-sign for me, i do own a car that worth 3-4k. If i don’t pay can they take that car and will my credit score go bad?
Gimmie gimmie gimmie! I want a 100K poetry appreciation degree and I don’t care that no one in their right mind would willingly bet that much of their own money for me to have it! If you don’t give me money you are violating my rights!
Money is debt! Without debt we have no money! I wonder if there was ever a country that provided free high education? uh? USSR! They got education right!
@empyblessing
I might say the same thing, but they had my Dad co-sign. If they don’t get the money from me, they’ll hang him upside down for it. :(
The gov. is extremely corrupt. Fuck them and the corporate rich.