Student Loan Debt is Ruiner of worlds

Fes Rock

Nothing..........
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yes, thought i could dodge them forever. but i have run out of rope. time is now. gonna be really stinge to make these fakin payments. might cut down on my substance of life.
 

Controller

(╯'□')╯︵ ┻━┻
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I watched a documentary type program on tv the other day about student loans/debt.

This guy had like over 40K of student debt and had to declare himself bankrupt in the end. How much is yours Fes? Can't be as bad as40K surely.
 

Fes Rock

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U WOT M8?
I watched a documentary type program on tv the other day about student loans/debt.

This guy had like over 40K of student debt and had to declare himself bankrupt in the end. How much is yours Fes? Can't be as bad as40K surely.

yea it is about that infact.
 

moriaty

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between a low hum and a high whine
fes, hows the interest on your student loan ?
by he end of this year, i'll be at £16K. that gets about £300 per year interest, and we have to pay it directly through our pay checks, starting at £25 a month, if you make over £15K per year.
not too bad really, but until thats paid, its difficult to get any further loans, mortgages etc.
i wish i had a stinkin rich dad...
 

deadaelus

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yea dude, its all part of the greater plan of keeping people on a bare minimum of education.

In Canada they made it illegal to declare bankruptcy on your student debts. Really sucks, for a lot of people. (a cheap scheme in canada is to buy a house THEN refinance your student loans into your home & default / declare bankruptcy on your mortgage.)

I went to school for 5 years and accumulated $30K in debt, to get a sociology degree - only to realise people pay you to do shit they dont want to do themselves. Student loans allowed me to have $225 a month, and my rent was $350 a month. They held me below the poverty line, and i had to live the life of a scab moving from one sore to another. But i did it, and never had to work a job! I actually feel like i am a better person in many ways because of my education & experience during that time. Education is not like buying a car, or a house. Your knowledge & your experience stay with you for life, and these are the only things that are forever, for real!
 

deadaelus

Laughter in the Slaughter
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yea dude, its all part of the greater plan of keeping people on a bare minimum of education.

In Canada they made it illegal to declare bankruptcy on your student debts. Really sucks, for a lot of people. (a cheap scheme in canada is to buy a house THEN refinance your student loans into your home & default / declare bankruptcy on your mortgage.)

I went to school for 5 years and accumulated $30K in debt, to get a sociology degree - only to realise people pay you to do shit they dont want to do themselves. Student loans allowed me to have $225 a month, and my rent was $350 a month. They held me below the poverty line, and i had to live the life of a scab moving from one sore to another. But i did it, and never had to work a job! I actually feel like i am a better person in many ways because of my education & experience during that time. Education is not like buying a car, or a house. Your knowledge & your experience stay with you for life, and these are the only things that are forever, for real!

I SHOULD HAVE DONE THE RANT IN CAPS LOCKS FOR YOU FES!
 

Mattix

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me and a chum have started paying ours back and the other day he got a statement through showing his payments. In the last 6 months hes been paying off £45 a month and because of all the interest its only knocked £20 of the balance!!!

We really are going to be paying it back for the rest of our lives!!!
 

Wellsy

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Cardiff
Loan debt sucks, il owe over 12,000 after this year is completed, I really dont feel like I have 12 grand of knowledge in me:rolleyes:

Think I mite apply through this company next year though that pay ur fees for you and you get £5000 min a year from workn a couple of days and uni.
 

deadaelus

Laughter in the Slaughter
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i rather enjoyed your story blad. but to do it without working? sellin coke?

Nah nothing heavy like that. Its called begin mom & dad to buy your groceries. Making sure to get the packages from grandmas freezer and always eating over at friends houses, if they lived with their parents...and yes a little street hustling.
 

Gumby

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Apr 7, 2006
this shit is fucked up. i feel well sorry for you guys.
i really cant believe more countries dont have our system. its a gem.

government pays our uni fees. when you start earning over $35000/yr they start taking a small amount out with your tax. the more you earn, the more they take. if you never earn over $350000, you never pay it back. oh, and the deal breaker, NO INTEREST!

good luck fes
 
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