Here you are. Finally finished with high school. The whole world ahead of you and looking forward to going to college. You are going to slay those dragons go on to higher education and conquer the world.
In order to do so you are going to have to borrow some money. Most likely you were raised by a single parent and there was no extra money for college funds. So you sign on the bottom line. Maybe your parent co-signed right along with you. Why not right? You are going to make a decent living after college and there will be no problems paying back your loans. Is that what your college is telling you? Little do you know you have just signed your soul to the devil.
Graduation day was supposed to come with excitement. Only you find yourself and a few million others have no job prospects. There are millions of people who were ahead of you in the job market and they too have no jobs. People with a lot more experience than you. Student loans are coming due. You figure now is the time to do a forbearance but you know eventually you are going to have to start paying these loans as the interest rates keep racking up and racking up. Of course you have to borrow money to forbear. It is not free you know.
Still no job you are tied up in knots and the stress is making you old before your time. It is getting to expensive to keep paying (or borrowing) to forebear your loans. Nervously you call the Student loan people to see if you can work something out. Basically you are rudely treated, yelled at, told you are worthless and to go get a job. The collection phone calls start 24/7 around the clock. But not only to you, to everyone you know including your parent who co-signed. Trying to humiliate you to the point of what? You can go flip burgers but that isn't even going to pay your bills let alone loan payments.
At this point you wake up and realize you are sinking down the rabbit hole at an extremely high rate of speed. You have now lost control of your life. Forget about a decent credit rating, ever owing a house or getting married. Who the hell is going to want to take on someone with so much debt? Maybe you have a partner and together you have more debt than you could ever pay off in a lifetime. But the interest keeps racking up and now you are at double your original loan amount. Are you kidding? You couldn't even pay the original amount.
Your burden and depression worsens. The collection calls don't let up. You can't sleep you have to change your phone number because they won't stop calling you. Your family members have had to change their numbers too. They won't work out a solution at this point. You are defaulted and being sued. Sued for what? You don't have anything to give. The job you may have found is half of what your college told you that you would make in this career you thought you so badly wanted. You would have been better off leaving high school and working at the local Wal-mart. At this point where ever you work your wages will be garnished and you might get fired over it. But no worries your debt interest is doubling by the day.
So you start considering your options. Leave the country? Hide out in a cave and live off the land? Check out the homeless shelter down the street? How nice is the back of your car look these days? Now on anti-depressants and barely a shell of what you were 4 years ago when you looked forward to your life. Remember that? The dream job, the house, the family? Your dreams are now the monsters in your nightmares!!!
How about the quiet thoughts of just ending it all. Checking out. Okay bastards you win. Collect when I am six feet under. Oh believe me, they will try. Might need to be cremated because they will probably own your cemetery plot. Years ago there was debtors prison. You went to jail for not being able to pay bills. You long for debtors prison at this point. Actually you are in debtors prison only you will never be able to serve enough time and get out. You are a permanent club member of forever debtors prison.
Broken heart, broken dreams, shattered parents. Can it possible feel or get any worse. No way out.
Government turns a blind eye. The news only slightly mentions all the rate of student loan debt piling up by millions of Americanise. Then the colleges come on the news and justify your debt. Once Suze Orman said that student loan debt was GOOD DEBT!! Are you kidding me? Yeah buying a house was once a good investment too. The news won't let up about the housing crises but they turn a blind eye to the millions of people drowning in student loan debt wishing that their only problem in life was losing their house at this point. At least bankruptcy is an option and in 7 years you can start over. Stick a fork in you. You are never getting out of your student loan debt. You will never have the luxury of clearing up your credit or starting over in 7 years. Oh and by the way when you are old and IF there is any Social Security left by the time you get old they will take that too. Disability yep that too.
It will have to be the millions of people who finally stand up and say enough is enough. You have to remember that all those old out of touch fat white guys who run your life in Washington DC graduated college a hundred years ago when it was affordable. You really think they care about you? Who will finally blow the lid off the corruption of the student loan industry and the colleges who lie to you about jobs? It won't be those old fat terds. They are more than likely getting kick backs. Oh and it is an election year. Don't know about you but I have not heard one word by a candadite regarding the student loan crises have you? Oh no birth control is so much more of an important topic. Hell if your parents used birth control you would not be in this predicament!!
Tuition continually is going up faster than inflation ever thought of. But hey they just tell you to take out another loan.
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