The College Debt Trap

[Sidney]

I have a child who will be college age in 3 years. It terrifies me what could happen if she graduates and is unable to retain or attain employment. The statistics are horrifying. Here is on young ladies experience through Fanniemae, the largest private loan company.
can you imagine being in your early 20's strapped with a mortgage size payment, and have no job? And many people do not realize that student loans are NEVER forgivable through bankruptcy. NEVER................This is the new TRAP set up for the educational system to guarantee, our youth will forever be indebted to them (slave). If you fall behind, and do get a job, then they will garnish your wages. Or take you to court. etc.etc.etc.

Source: https://youtube.com/watch?v=718W503T4zc

[soleil]

i didnt go to college or university, and i'm making a good amount of money, in a job i learned from life experience. i hope to teach my daughter the value of life experience, rather than putting all her eggs in to college/university.

[Sidney]

I didn't finish college but put in a couple years, gained absolutely nothing from it, however, i have not done well in the workplace, mainly due to health issues. Many countries educate their people for free. But the financial rape of our youth in the US is absolutely not only unbelievable, but immoral. I mean, c mon.

[Lazlo]

Yes the debt trap is real and can be devastating for someone with no job prospects.

On the other hand, way too many people get expensive degress in english lit or some other such thing that has no application to the real world. There are plenty of jobs for people with degrees in health care or engineering.

[Sidney]

yes but not everyone is cut out for health care or engineering. I saw on one blog where one person suggested getting credit cards, pay off the loans with credit card cash advances, then file bankruptcy for relief form the credit card debt. Again, who wants to start out their adult life with bankruptcy. I am truly ashamed to have to bring up my child in this country. Truly ashamed. Luckily we do have somewhat of a nest eg for college, but soe of it will have to be borrowed. The college fees are robbery. The system is broken and I am just ranting at this point so I will end my rant now. : )

[Flash]

Posted by teradactyl (here)
i didnt go to college or university, and i'm making a good amount of money, in a job i learned from life experience. i hope to teach my daughter the value of life experience, rather than putting all her eggs in to college/university.

College or university may have a good impact on some people and on learning. It may also have a definite impact on the way one organises its work, because at University you have no choice, you got to get organized otherwise you cannot succeed. I would not dismiss every high level education, like throwing the baby with the bath water. And believe me, in some lines of work I see a difference between non university and university educated people.

On the other hand, there is also excellent people who did not go to college and university.

However, being both Canadian, we both know there is no comparisons between College and Universities fees in US versus Canada, ours do not put student in forever debts (in Quebec, 4 years of Universities end up costing about 20,000$, books included, for Quebecers residents) I am truly sad for the American students.

[Wub]

Posted by Lazlo (here)
Yes the debt trap is real and can be devastating for someone with no job prospects.

On the other hand, way too many people get expensive degress in english lit or some other such thing that has no application to the real world. There are plenty of jobs for people with degrees in health care or engineering.

I have a degree in English Literature and have worked continuously since graduating in the 80"s.

As an educator, I have had decades of responsibility for ensuring that very many young people achieve the highest level of literacy, fluency, independent thinking skills that it has been in my power to facilitate.

I have directed/produced several drama productions and exposed my students to the higher level skills of interpretation, comprehension, knowledge and understanding of often esoteric subject matter (cue Shakespeare), whilst encouraging a deep affection for great Literature as a vehicle for the exploration of 'other worlds'.

We are not simply cogs in the machine.

To reduce learning to a set of tick boxes that collectively result in a job in engineering or whatever is to miss the point entirely of who we are and why we are here.

Yes, money/jobs are important in this life but I do believe that fostering a deep affection for something that you are good at and enjoy doing wholeheartedly leads to work that is of itself, real pleasure. When you see a previously inarticulate student read confidently a complex piece of prose, discuss its finer points and articulate a point of view with confidence....you know you've helped to make that happen.

Priceless.

What have you done today to save the world?

[albativo]

Hi Wantsthetruth74,

I am not condoning this, but student loans can in fact be discharged through banruptcy. Here is just one article.

I just finished earning my bachelors degree last month and the bill was footed by my employer. However, someone starting from scratch can get a degree from the same school I attended, which is regionally accredited, for around $7,000. The trick is to use free and cheap credits.

Please don't go into debt to fund school. There is no guarantee of a job with or without a college degree, so why saddle yourself with that extra unneeded burden?

All the best!

Steven

[DeBron]

It may be a little more difficult now but honestly most people shouldn't have to pay for college. I had scholarships and grants from everywhere. To the original poster, if your child does intend on going, you should go to websites like fastweb.com. My high school stressed scholarships. At our graduation in the program each student had listed below their names the colleges they were awarded scholarships from, and how much they would receive if they went to each listed school.

It will be more expensive especially next semester with the interest rate increase, which is why it is imperative that more children get scholarships and grants. Literally billions of dollars earmarked for students go unused because too few people apply for them.

There are scholarships for just about everything. There are scholarships for being left-handed and writing about it. There is an award given out every year for students who are willing to go to prom in outfits made out of duct-tape. I received a scholarship for playing a piece on the piano for the Christian Methodist Episcopal church. I was the only entrant in the local and regional area. So I played and automatically became the regional winner, I did not win the national Prize so I only got $500 from them. I was a B student and got enough scholarships to cover Tuition, Room & Board. I then got even more after I was in school.

I went to school and got a degree in something I had an interest in and wanted to do. My primary job has nothing to do with my degree other than the fact that I have a Bachelor of Arts. My 2nd job however is the one that I would only have because of my field of study.

The money is out there, you just have to pursue getting grants and scholarships like it is another job, because it really is.

Sorry if I am rambling, but I just had to get that off my chest.

[Lazlo]

Posted by Wub (here)

I have a degree in English Literature and have worked continuously since graduating in the 80"s...

...What have you done today to save the world?

Apologies if you feel offended. My BA is in Anthropology/Religion and I nearly starved to death trying to make a living in my field. To quote Joseph Campbell I "followed my song" and went in another direction. My contribution to saving the world is that I now manage a 500MW portfolio of solar projects. That's enough carbon free energy to power a city of 175,000 people.

Try not to be so condescending, it doesn't help poeple to feel better about the educational establishment.

And I do have some personal experience to speak from. My grandfather was president of a major university as was my father in law. Family gatherings are a collection of PHD's, MD's and JD's. I truly understand that the value of a liberal arts education is in learning how to think, not what to think.

It is all well and good to get a liberal arts education, I did. However, I don't agree with educated people complaining about not being able to pay their loans off. They took out the loans and signed the papers without considering what the current job market demands.

When I was an undergrad, I had many friends tell me that I was a sucker for holding down a job and trying to keep my debt at a manageable level. The "understood" way to play the game was to take out loans for everything: tuition, housing, living expenses, clothes, etc. Then, all you had to do was declare bankruptcy and you were free and clear. It made me sick. It was tantamount to theft.

The law was changed to prevent just this sort of thing.

To pay off my student loans, I built a log cabin with hand tools. After living in a tent for two years during the process, I sold it. This paid off all of my student loans and other debts, and left enough over for a down payment on my house.

I worked hard for what I have and don't have patience for people who want something for nothing.

My brother in law is 40 years old and may finally be getting his PHD this spring. He had the audacity to tell me that a high voltage specialist doesn't deserve to make $100,000 dollars a year because "all they did was take some safety classes and OTJ training."

My reply was that the electrician had 20 years experience operating and managing high power electrical systems, and that if he made a mistake he could shut down the grid to an entire region in a cascading fault. My brother in law, on the other hand has spent the last 10 years studying backcountry land use patterns in National Parks.

If that electrician gets hit by a bus it can have a very real effect on millions of people. If my brother in law gets hit by that bus, no one but his family cares.

[Wub]

No, I'm not offended.

I'm simply pointing out that it takes a village to raise a child.

As for condescending....

I'll just say ad hominem to that!

[Lazlo]

Posted by Wub (here)
No, I'm not offended.

I'm simply pointing out that it takes a village to raise a child.

As for condescending....

I'll just say ad hominem to that!

Touche, mon ami!

[we-R-one]

The education system for the most part is a scam. Notice I said for the most part not all. It's designed to program people with disinfo while creating further enslavement to the corporate matrix system via student loans. Oh but I played the game all right. It was pounded into me at a young age that I was to graduate from high school, go to college, graduate from there, get married and have kids all by the time I was 30...and if I didn't do that, well than something was wrong with me. Talk about a bunch of preprogramming bullsh!t!

I got my degree in Broadcast Journalism with a minor in Political Science...I wanted to be an investigative reporter. By my fourth year in college, I began to figure out the journalism system was built upon lies. It became very clear that I would never be allowed to report a story in it's true light depending on who was involved in the background. I knew I'd get fired from my first job as I would find myself arguing with the producer saying..."but that's not what happened sir, so why are we not reporting this angle?" So the degree did absolutely nothing for me in a monetary sense as I never entered the field. If I had to do it all over again, I would have chosen a vocational school and I've talked to other degreed people who feel the same.

Despite the "3D appearance" of my stroke of bad luck, I do not perceive it in that manner. For me, the journey taken to get where I'm at today, was more lucrative than any job or monetary gains achieved could have ever offered. I wonder how different my life would have been had everything "worked out" as expected in the perfect 3D world. Would I have even spiritually evolved at all, or would I have gotten myself further sucked into the matrix of false realities?

Don't let your children get guilted into participating in the education system by getting weighed down with student loans, it's not worth it! Especially if you choose to participate in the indoctrinated medical and legal systems! Don't get caught up in the 3D belief system that you're not worthy if you don't have a college degree. I will tell you that many of the "degreed" people I have met have become what I call "educated idiots". They're so married into the system of preconceived misconceptions they don't even understand what's going on around them. I find educated people to be the most programmed out there, and proud of it.... at least that's been my experience. I say this with respect and not malice as this is where their life blueprint has taken them and I was right there with them till I broke out of the psychological matrix. So despite my harsh words, I have much compassion for their souls and the experience they have chosen to live.

Any type of loan you sign for is immediately paid off. Hold your hats when you read this link as you will begin to understand how big the scam really is...

http://www.dailypaul.com/244590/want...s-paid-in-full

You can get your student loans charged off, but it's not easy and you have to know where to go and yes I know someone who is having much success discharging student loans. The remedy is in the law, you're just not being told. Please take the time to listen to the audios. Rod Class is brilliant and I can tell you in my state, someone just won their credit card case based on using the bankruptcy argument. Of course you're not going to hear about it, as they don't want you to know the fraud taking place within the system.. I'm still trying to find info on this case, but there's a good chance it's been sealed or a gag order has been put into place to keep the info lock tight from the eyes of the world. The ruling has been appealed so we'll see where this goes. I know this is happening in other states, and of course lame stream media will make sure that this reality is something you're not privy to learn or understand.

Before you get mad and red in the face, remember....this isn't real down here, you're living in an illusion to experience soul growth and this is part of the game you signed up to play.

[Chris Gilbert]

At this point I think many are better off getting a certification (f.e. massage therapy) or two year degree that isn't as expensive, or alternatively build a means of living through some other avenue that provides REAL services or resources to others.

Besides, if one wishes to help the world shift, many of the conventional "careers" that require a high end degree will trap you deeper within the current paradigms and inertia plagued institutions, in addition to the massive debt.

[we-R-one]

Posted by Wantsthetruth74 (here)
I saw on one blog where one person suggested getting credit cards, pay off the loans with credit card cash advances, then file bankruptcy for relief form the credit card debt. Again, who wants to start out their adult life with bankruptcy.

Excellent advice! Seriously, you have to look at this as a game. Understand the game, and then play it smarter! You cannot worry about what people think because you're not going with the herd.



That's what they want you thinking and worrying about. You could do the above, but instead of filing for bankruptcy, stop making payments to your credit cards, wait for a collection agency to begin contacting you, usually they'll send you a letter either offering a settlement or an attempt to collect the debt. Don't answer your phone and make sure the number on your credit card account is not your main line. You do not want to get in a conversation with a debt collector unless you know what your doing. If you know what your doing, you'll find you can collect $1,000 for every offense they violate, and oh yesssss there are lots of violations.

Find yourself an excellent paralegal that knows how to handle credit card fraud and have them draw up what's called a debt validation letter. It could be in your best interest if you addressed the letter: Attention Legal Dept. Why? Because most, not all, debt collection agencies don't have a legal depart and they won't wanna mess with you. Some debt collection agencies are attorney backed and can be identified as such so you can still use the same header. Additionally any of these debt collectors, attorneys included, cannot validate the debt! When you go and buy something you sign a receipt for that purchase, correct? Most business' throw that receipt away. So how can the debt collector "validate" the purchase if they don't have the receipt? They can't, lmao! See what I mean?

For your viewing pleasure: Danner v. Discover Bank
http://opinions.aoc.arkansas.gov/web...lectronic.aspx

Play the game, that's all it is....do not get caught up in the moral aspect of being a bad person because you cannot properly pay off your debt. They have created this nightmare on purpose to enslave the human race, so many of us have found ourselves in positions where we have to be creative. Welcome to living in a 3D world of duality.

Get yourself a job where you can be an independent contractor rather than working for an employer. They cannot garnish your wages so easily because you are not receiving a consistent paycheck from an "employer". As an independent contractor you do not have an "employer"!

Forget about your credit rating for a while, you can go back and fix that later and forget about buying a house, it's a farce...trust me, I'm a former realtor. Right now just about every real estate transaction is fraudulent. The mortgage industry is clouding titles left and right, and I mean of biblical proportions...it's so bad, it'll probably take 100+ years to clean up the mess. Home ownership is a trap, so until that "little" problem gets fixed I wouldn't even bother buying a house and getting caught up in yet another Ponzi scheme. Part of the 3D belief system suggests that your success is rated by how many toys you own, the size of your house, and the number of credentials lined up after your good name. Stop buying into the fraud! We enforce the behavior by continuing to honor and recognize those who participate in the very system that's enslaving us.

One more thing....I don't know jack crap, so don't even take any of my hobby related advice seriously as I'm a self admitted educated idiot. Now...back to my knitting....


DISCLAIMER
I am not a Attorney (Lawyer) medical professional or financial adviser or Judge or Tax Expert or expert in anything, I do not offer Legal Advice or any other form of Law. I research and share Information for Fun and Entertainment and for comparison. All the exchanges contained in this message are for personal use only. Since I Know that I am a Freeborn man with a living Spirit, put here by a creator. I have made him Fiduciary over my Soul.
I am a Living Spirit "One of the People" sent here to live in a Fleshly Body "Dust of the Earth", Living on the Dry Soil, Domiciled in a place called Idaho and Living under the Laws and Commandments of the creator and having no intentions of causing harm to anyone or anything. Not being the Subject to Slavery or the Unconscionable Contracts of Undisclosed "Assumptions" "Presumptions" "Adhesive""Invisible" and/or Color of Law and/or wordsmith. MAXIMS OF LAW is the foundation....

****AS PER THE UNITED STATES SUPREME COURT;
A. The practice of Law CAN NOT be licensed by any state/State Schware v. Board of Examiners, 353 U.S. 238, 239
B. The practice of Law is AN OCCUPATION OF COMMON RIGHT!
Sims v. Aherns, 271 S.W. 720 (1925) ****


NOTICE TO PRINCIPAL IS NOTICE TO AGENT.NOTICE TO AGENT IS NOTICE TO PRINCIPAL.

[Sidney]

Excellent post WeRone.!!! Excellent. Love your disclaimer too.

[albativo]

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam