Why I Defaulted on My Student Loans

[Mr. Negative]

I defaulted on mines and didn't think anyhting of it until I went to get car financing and discovered that they had bounced that loan between SO many collection agencies..... for real. what I thought was one loan was actually THREE, and it left TWELVE negative marks on my credit history.

then they started garnishing my wages.

So yeah. paid it off in three years. last payment was three weeks ago. I made the choice to drop a whole check on it and starve than keep dragging it out.


It really is a game, brehs. Like walking a tightrope. You either make it on that A to B to C path or you fall off and pay for it... eventually

 

[MF budz]

its been that way for a looong time. thats why they make u take those financial literacy classes when u take out a student loan. i was in the student loan industry for a few years before the ffelp ended and saw that 22-23 year old kids making $10-$11 an hour with debts like $80k-$140k, they cant pay so they put it on deferment which still accumulates interest. then they got $1400 student loan monthly payment. thats an easy mortgage payment.

for anyone reading this, i would advise to borrow as little money as possible if getting a student loan. go to community college, then a bum ass cheap school then transfer in your final year.

yup just transfer that final year to a "good" school and get the degree Fromm there and if you do good at community college then the last year at said good school will be cheap. Well if your grades we good.

 

[CodeBlaMeVi]

Honestly, I do not get why black people have to pay for their college education. Won't give reparation, at the very least we deserve that much. If we get accepted into any school, the U.S. Government is on the hook to pay for the whole ride including costs outside of tuition and books. Any school!

 

[Michael9100]

Look for scholarships!

 

[DrunkenNovice]

That entitlement

 

[MF budz]

Honestly, I do not get why black people have to pay for their college education. Won't give reparation, at the very least we deserve that much. If we get accepted into any school, the U.S. Government is on the hook to pay for the whole ride including costs outside of tuition and books. Any school!

Why can't I then? I didn't ask to be born in America. Land of the not free education system.

 

[kingdizzy01]

Honestly, I do not get why black people have to pay for their college education. Won't give reparation, at the very least we deserve that much. If we get accepted into any school, the U.S. Government is on the hook to pay for the whole ride including costs outside of tuition and books. Any school!

its called scholarships

 

[CodeBlaMeVi]

Why can't I then? I didn't ask to be born in America. Land of the not free education system.

I assume you're not a black descendent of America. If my assumption is correct, it is because your people ain't put with sick ass cracker shyt for hundreds of years.

 

[CodeBlaMeVi]

its called scholarships

Much different. Those scholarships are open to damn near anybody. Full ride, that's it. Scholarship is merely extra money to collect and start out life right.

 

[Mr Rager]

I've been on a hardship for 400 years

 

[kingdizzy01]

Much different. Those scholarships are open to damn near anybody. Full ride, that's it. Scholarship is merely extra money to collect and start out life right.

Every year, more than $50 billion dollars in scholarships are given away to students of all ethnic backgrounds. This number includes many awards that are given only to African American students and other minorities.

http://blackstudents.blacknews.com

 

[Rarely-Wrong Liggins]

You can't just ignore federal student loans. The gov't will snatch every dime from your paycheck, tax refunds, lottery winnings...whatever funds is attached to your social belongs to Uncle Sam until you pay it back.

Listen to the writer if you want, her credit is fukked and she can't do anything beyond cash or borderline illegal interest rates all because she defaulted on studenr loans.

Don't count on getting a decent job with defaulted student loans either.

 

[MF budz]

I assume you're not a black descendent of America. If my assumption is correct, it is because your people ain't put with sick ass cracker shyt for hundreds of years.

its called scholarships

no I'm not black. But I haven't been given shyt by any cracker to make me feel good about sending everyone to college while my ass struggles to do so. Not saying the govt and ppl weren't fukked up then and now but being poor and white still sucks they ain't lookin at me any better. And honestly if you're not going into medical, law, or teaching learn everything on the web, dedicate yourself and meet ppl in or around the biz, maybe find a good job and save a lot Of money. Or not idk

 

[CodeBlaMeVi]

no I'm not black. But I haven't been given shyt by any cracker to make me feel good about sending everyone to college while my ass struggles to do so. Not saying the govt and ppl weren't fukked up then and now but being poor and white still sucks they ain't lookin at me any better. And honestly if you're not going into medical, law, or teaching learn everything on the web, dedicate yourself and meet ppl in or around the biz, maybe find a good job and save a lot Of money. Or not idk

Well, statistics say less people are attending school now since the economy is allegedly getting better.

 

[Sonny Bonds]

Years later, I found myself confronted with a choice that too many people have had to and will have to face. I could give up what had become my vocation (in my case, being a writer) and take a job that I didn’t want in order to repay the huge debt I had accumulated in college and graduate school.

http://mobile.nytimes.com/2015/06/07/opinion/sunday/why-i-defaulted-on-my-student-loans.html

Why did he go to grad school? You don't need a masters degree to be a writer. And taking a job outside of your field for a while isn't giving up, it's sometimes necessary.