Apparently, I have $390 of disposable income a month...

[Mason R Butler]

... and the loan company will be automatically taking $350 of it per month. There's nothing I can do; they won't allow me to go back to school until they get their $6,000.

I'm not going to be okay.

[Blank]

Originally posted by I Hate Music
... and the loan company will be automatically taking $350 of it per month. There's nothing I can do; they won't allow me to go back to school until they get their $6,000.

I'm not going to be okay.

What kind of loan company is this? What was the loan for initially?

[Mason R Butler]

Originally posted by Blank

What kind of loan company is this? What was the loan for initially?

Student Loan Finance Corp. It was a small loan for tuition from the semester I dropped out (had a nervous breakdown, etc.)

They told me to get a full-time job so I could pay them. I asked if they were hiring and she got mad. I thought it was a pretty logical question.

[Blank]

Originally posted by I Hate Music

Student Loan Finance Corp. It was a small loan for tuition from the semester I dropped out (had a nervous breakdown, etc.)

They told me to get a full-time job so I could pay them. I asked if they were hiring and she got mad. I thought it was a pretty logical question.

So this was a non-federal loan that you took out with them? There isn't a payment schedule that they had established previously, or is this the payment schedule that was outlined when you got the loan? Or have you missed payments?

[Mason R Butler]

Originally posted by Blank
So this was a non-federal loan that you took out with them? There isn't a payment schedule that they had established previously, or is this the payment schedule that was outlined when you got the loan? Or have you missed payments?

I had it deferred, and now suddenly they want the whole sum immediately. It's kinda dumb, but I realize it was just a collection agency. They're trying to beat me up a little bit, but I'll call and set up a better payment schedule. They have to be really mean initially to get you to agree to anything, but if I don't actually have the money, the best they can do is take me to court, who will also determine that I don't have the money for it.

[dusty]

i just want to say right now that i have no idea about loans or finance corporations- or even monthly installment plans. but i currently have out a $20K loan. possibly a $30K loan. i don't even know.
"school is important" they said. "just take out loans" they said. "it's all fairly simple" they swore!
but i don't understand the things that they keep sending me about how much i have to pay back. why are there five different numbers? which is the number i will owe them? how the hell am i supposed to claim this shit on my taxes? why can't they differentiate on all of these statements which is the scholarship total- which is the loan total- and which is the aid total? hmm? why can't they just put everything in bold fucking print so that the idiot college students like me can understand it? i have finals! i have papers! i don't understand what you bastards are trying to tell me!

so anyhow, i hate music, my whole point is that i think the two of us should get some nice plastic surgery, change our names, fly to venezuala, and put all this nastiness behind us.
sound good?

[melombar]

Originally posted by I Hate Music
They told me to get a full-time job so I could pay them. I asked if they were hiring and she got mad.

Pure genius.

Originally posted by dusty
it's all fairly simple" they swore!but i don't understand the things that they keep sending me about how much i have to pay back. why are there five different numbers? which is the number i will owe them? how the hell am i supposed to claim this shit on my taxes? why can't they differentiate on all of these statements which is the scholarship total- which is the loan total- and which is the aid total? hmm?

Don't worry about it too much. When you graduate, they'll give you a packet with a breakdown of what you owe and why you owe it. It is a little unnerving but you'll get used to it.

Originally posted by dusty
why can't they just put everything in bold fucking print so that the idiot college students like me can understand it?

Because then they couldn't rob you blind and put you in debt for the rest of your life.

It's a conspiracy against the proletarian.

[Jesse Miller]

Originally posted by melombar
Don't worry about it too much. When you graduate, they'll give you a packet with a breakdown of what you owe and why you owe it. It is a little unnerving but you'll get used to it.

Bullshit. No you won't.

Get this: I attempted to consolidate my student loans with an independent company that specializes in student loan consolidation... I would be paying $80 a month direct deduction form my bank account, but Sally Mae refused to hand over my account information to the independent company... Why? Because within the last two years, Sally Mae acquired all the separate banks I got loans from, and thus considered it one big loan from Sally Mae instead of a bunch of tiny ones. So then they issued me a payment book for $250 a month! WHAT THE FUCK!!!!???!?!?!?!

[Mason R Butler]

Originally posted by melombar


Pure genius.



Don't worry about it too much. When you graduate, they'll give you a packet with a breakdown of what you owe and why you owe it. It is a little unnerving but you'll get used to it.

Nah, I took a "leave of absence" (pussy way of dropping out), so they didn't tell me anything. Today I'm going to look at the Sound Arts program at MCTC, even though I really don't want to do it.

[KrazeeStacee]

....and then people wonder why I would rather take a few months of cheap real estate school instead of 2-4 years of college....pfft.