Mission, Purpose, and Everything Else!

The purpose of this blog is to help disgruntled student loan borrowers who want to pay their loans, but despite hard work and effort cannot, and as a result are being hounded by banks and other loan sharks. The goal of this site is to offer advice, stories, and resources to assist other student loan owners in their fight to pay off their loans.

Wednesday, June 16, 2010

Letter from a disgruntled, student loan borrower

Let's set the record straight. I am not saying that I did not make a stupid choice, and that I just want to use all the forbearance and deferment and forgiveness programs I can to make my loans go away.

No!

I want to pay my loans. But in this company, even grads from the #1 university in the world (as I've experienced), have trouble paying off their loans.

If someone can be forgiven for racking up credit for a boob job and a mansion, I daresay someone who worked their little heart out to earn a degree should be given the option for a modified payment plan in the event they have trouble finding a job, and without ridiculous interest!

Students should be accountable to pay what they borrowed, but at some point the interest becomes ridiculous.

If former CEOs with years of experience are finding themselves living on the street, why should a poor, recent graduate be forced to pay loans IMMEDIATELY with no job or other recourse? Day after day on the news we hear about how bad the situation is for recent grads, moreso than any other group, but yet they aren't given any assistance.

As I mentioned, you don't have to make the loans go away (though I won't object if you do), but please help us out a little bit.

On my worst days, I feel that my life would have been better if I never went to college and just got a job at McDonalds. I would've been a manager by now.

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