If you were lucky enough to attend and/or graduate from college, you, like most other college-attending Americans, are probably ensnared in the grasp of that cruel bitch, Sallie Mae. She is the worst, and we are all tired of her taking all our money every month, and no matter how much she takes, that loan debt NEVER SEEMS TO GET ANY LESS. Everything is terrible. But one brave indebted soldier seems to have come up with a pretty innovative way of dealing with the pain – she’s trying to barter down her debt by getting a gig with the company. And she’s blogging about it! (more…)
2. The Franklin Park reading series hosts a number of their favorite authors, according to them, one of whom is a carpenter. Maybe he can tell you how to fix that janky shelf after he reads his story (Monday)
We’ll say this much for the US Congress: they’ve worked very hard to have earned every bit of the disdain people hurl at them. The last time we were talking about them, they were about to let student loan rates double, which ended up happening after they went on vacation. But, now they’re back and they sat down and actually did something useful, reaching a deal to bring the rates on loans back down from “may as well kill yourself” to merely “soul crushing.” (more…)
The top line also represents your blood pressure as you read the chart. via Mother Jones
So, despite people’s best efforts, the student loan rate just doubled over the weekend. Those clowns in Congress did it again! More seriously, it’s shameful and stupid this happened, since the whole point of going to college is to get yourself qualified for a job that doesn’t keep you poor your whole life. Which is hard when you’re riddled with debt. If you want to wallow in it a little bit, Mother Jonesput together some charts that go into just how shitty it is out there for people stuck taking out and then living with loans. (more…)
We’re all celebrating the fantastic victories of gay rights and abortion rights today, some of us with music videos, with further activism or with sex swings. But the fight never ends. Witness the coming student loan rate apocalypse, in which interest rates on student loans will double from 3.4% to 6.8% on July 1. If you’ve got student loans and don’t want that to happen, you’ve got a chance to get out there and get your voice heard tomorrow with MoveOn. (more…)
Well, it’s nicer than what you usually see on the side of the highway. via Buy Her Face
College is expensive, which is a bummer. So is the fact that student debt ends up ruining your love life. But if you don’t want to take out loans, what else are you supposed to do, other than be born rich or take up bank robbery as a hobby? The Post brings us the story of one couple in Queens who decided to get around the student loan trap by turning themselves into living billboards. (more…)
As if dating and debt are not depressing enough topics on their own, a fear that literally keeps me up at night with anxiety has been NPR confirmed: if you have a lot of student loan debt, you are not marriage material.
Big debt is an impediment to moving forward in every aspect of your adult life. Call me naive, but I was hoping love might be the exception. Now this, according to NPR: those of us who took loans as an investment in our future are having problems getting mates. The piece goes on to quote folks on both sides: those who view six-figure debt as a dealbreaker, and spurned debtors who deal with financial disparity by sticking to their Sallie Mae bracket. (more…)
“Brain drain” is not a problem we face here at all, as Brooklyn is often the place where all the country’s young fertile minds wash up. Not so much for smaller cities such as Niagara Falls and states like Kansas, both which are facing a crippling lack of talent and young professionals. So to fix this, those places have taken to the municipal equivalent of paying for sex: both places are offering to pay down your student loans if you move and work there. Niagara will pay you $3,500 per year for the next two years; Kansas is offering to either waive income tax for up to five years or pay your student loans up to $15,000 if you agree to move to one of the “Rural Opportunity Zones” spread throughout the state, though it looks like none of them is in a major metro area. Sounds fun! (more…)
I know a liquor store where we can cash this right now!
We learned this week 1) How much your education will actually earn you and 2) that student loan debt doesn’t factor into your eligibility for food stamps, no matter how large it is. And then later this week some economists started fretting over a potential “debt bomb” coming our way thanks to the $870 billion in student loan debt we all now have, which is now enough to (we did it, everyone!) surpass credit cards and auto loans in terms of how much we owe. So debt is American! Everyone’s doing it! And if you’re like me, you’ve stopped thinking your debt will be ever actually be paid off, and treat it instead like a child support payment to an invisible far-away ungrateful dragon baby. So, screw it, let’s commiserate: how much do you owe in student debt? Tell us in the comments (you can be an anony mouse if you like): biggest one wins the internet for the day. I’ll start…