I can’t even play bc it won’t let me type
Response to Tell Us About Being In Debt In Your Twenties:
I’m 28, I’ve been working full time in marketing since I was 18, graduated in 2010 from UMASS Boston with a Bachelor’s in Marketing while working 2 jobs and living on my own, and I’m $80,000 in debt to Sallie Mae. My parents couldn’t afford to help me with school so when I enrolled as a freshman in 2005 my advisor recommended I look into Sallie Mae since you could take out loans at 18 without a cosigner (my parents credit was crap too so it seemed perfect for me). I did everything right - took out what I needed each semester, used the extra to buy books or pay bills, and when I graduated in 2010 I immediately called them to discuss my repayment program and how I could consolidate my loans into one payment. That’s when I got the shock of my life. Since the banking crisis Sallie Mae had apparently changed their terms and no longer offered the option to consolidate. It also turned out that my interest rates changed each time I requested a new loan (granted I should have paid more attention, but being 19-20 working 2 jobs while being a full time student living on my own I was a little preoccupied). I had/have 14 separate loans with interest rates ranging from 6% - 14%. My first bill from them on the “Extended Repayment” program was, wait for it, SEVEN HUNDRED AND FIFTY EIGHT DOLLARS. Yup. That’s right. $758. PER MONTH. FOR THE NEXT 35 YEARS. At that time I was only making barely $30K a year and trying to pay rent, utilities, car insurance, cell phone, etc. I called them to explain it was financially impossible for me to pay that and was told that was my only option. Nothing else. After months of not being able to pay I defaulted obviously, and it wasn’t until then that they offered me a “Reduced Payment” program where they dropped the interest rate to 4% on all 14 of my loans so my payment went down to $350 a month. I had to schedule EFT payments all at once for the next year as part of their terms. So after barely scraping by for that year I get an email saying I’m enrolled for the following year in this reduced payment program. Cool. Ok. 3 months goes by and Sallie Mae calls me, AT WORK, threatening to take me to court for non-payment. Apparently the email confirmation didn’t mean anything and I was supposed to call them to APPLY for re-enrollment. Now since I was 3 months behind my non-reduced payments they told me I had to pay $2500 just to he considered for the program or else they take me to court. I cried and freaked out for about a week until I managed to borrow money from friends and push off my utilities to pay the $2000. Now I’ll be paying them $300 a month until I’m 55, as long as I remember to call every September to apply. When I graduated I remember looking at my account and I owed $50,000. Now after fighting for my life, being threatened with legal action, and having my credit completely ruined beyond repair, I somehow owe them $80,000. Fuck Sallie Mae, fuck Navient, and fuck the government for not seeing how badly these companies are screwing us. People like me who tried to do everything right by going to college, getting a full time job, working for everything I have and never taking a handout (not that I’ve ever been given one) end up living paycheck to paycheck without any end in sight. My hope in sharing my story is that it helps younger kids by showing them what not to do. I honestly wouldn’t even recommend college to anyone at this point. Going to college literally ruined me financially for the rest of my life. I can’t get a loan for anything because my ridiculously high debt to income ratio at my age is a deterrent, not to mention my horrible credit rating from defaulting. I’ll never be able to buy a house, I’ll never be able to buy a new car, hell I can’t even get approved for a Kohls credit card. Don’t grow up kids. It’s a trap.
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I’m glad people who have no idea who Anthony is and are clueless about the situation are condemning him for nothing. You are all idiots. This man was attacked by a woman who accidentally walked into his camera frame and then almost ambushed by 5 other men. Doesn’t matter what race they were, their actions were atrocious and he had every right to say and feel that way. And now you Rachel Zeller, you nobody, you write this story throwing around the word racist because you know it will get you shares and views. You should be embarrassed. Maybe you should be fired for having a biased view of this situation. How about reporting on the fact that people can now be fired for things that happen in their life outside of their workplace? Think of all your actions outside of work and imagine if you could be fired for any of them. Maybe you shouldn’t be so quick to judge here you hypocrites.
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