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The New DU. Reply #5: Student loans are a scam
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Babastard
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Thu Dec-22-05 03:08 AM
Response to Original message |
| 5. Student loans are a scam |
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Edited on Thu Dec-22-05 03:09 AM by Babastard
They are a pyramid scheme between the lenders and the universitities. Up the amount of aid a student can get and the universities up their tuition.
And the law makes it darn near impossible to EVER discharge student loans in bankruptcy. EVER!
I would ALWAYS advise ANY student to NOT borrow ANY money from the federal student loan program...EVER!!!
Go to the Mafia first and see what their deal is.
I am buried in student loans I took out almost 20 years ago. It looks like I will die in debt with out much of anything to my name. Student loans are literally ruining my life!
I would rather deal with the mob.
Pretty dramatic for my first post yes, but this is a very sad and sore subject with me.
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