Student Loan Debt is Ruiner of worlds

Discussion in 'Waffle' started by Fes Rock, Dec 8, 2008.

  1. Fes Rock

    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.
     
  2. Controller

    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.
     
  3. barbarella

    barbarella Active Member

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    shall we start a fund raising for ya Fes?
     
  4. Prospekt

    Prospekt Active Member

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    I dread the day I finally have to fork out the fucking student loan cash.
     
  5. Fes Rock

    Fes Rock Nothing..........

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    yea it is about that infact.
     
  6. Controller

    Controller (╯'□')╯︵ ┻━┻

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    I feel for ya man!
     
  7. Fes Rock

    Fes Rock Nothing..........

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    being bankrupt is the new black IMOYO
     
  8. moriaty

    moriaty Active Member

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    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...
     
  9. deadaelus

    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!
     
  10. deadaelus

    deadaelus Laughter in the Slaughter

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    I SHOULD HAVE DONE THE RANT IN CAPS LOCKS FOR YOU FES!
     
  11. Fes Rock

    Fes Rock Nothing..........

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    i rather enjoyed your story blad. but to do it without working? sellin coke?
     
  12. spiderfran286

    spiderfran286 "Yes, squid pro roe..."

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    40 k fes? really?
     
  13. barbarella

    barbarella Active Member

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    or u can hope for a F-18 to crash on yr house:idea: and government will give some $$$$....that is if u dont die in the fire:teeth:
     
  14. Fes Rock

    Fes Rock Nothing..........

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    yea man. :|

    barb, isnt that a doney darko reference
     
  15. Mattix

    Mattix Sub Focus anyone?

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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!!!
     
  16. Wellsy

    Wellsy Member

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    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.
     
  17. barbarella

    barbarella Active Member

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    u mean when Donnie follows Frank...yeah... also i was kind of thinking about San Diego tho and the jet crashing this afternoon
     
    Last edited: Dec 9, 2008
  18. deadaelus

    deadaelus Laughter in the Slaughter

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    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.
     
  19. Joey AdhD

    Joey AdhD sweaty scouser

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    my student loan rapes me every month, its shit, but i spent it so i have to pay it back.
     
  20. Gumby

    Gumby New Member

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    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