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Tuesday, January 26, 2010

Bad Credit, Bad Economy, and Loan Sharks

I think that the biggest downfall of going to college is paying back the loans you take out so that you can actually afford to go to college. I graduated 2 years ago, and I have yet to find a job that will sustain me, and as such have not, as yet, started paying back my student loans. As you can imagine, this does not make the people who loaned me the money happy at all. In fact, they are very unhappy, a fact they feel they must repeat to me EVERY day. Nevermind the fact that EVERY day I tell them how poor I am and how it's not that I don't want to pay them back, but that I am UNABLE to pay them back. It's a very frustrating cycle.

I think Sallie Mae needs to look at me like an investment. They invested in my future, hoping that college would turn me into a guru of the business world. College, has not, as yet turned me into a guru of any kind. I live at home with my two unemployed parents, work a minimum wage job/part time job, and can barely afford to feed myself or put gas in my car. Not every investment pays out and you cannot force an investment to prosper. Therefore, you either need to hold on longer, or cut your losses and mark it as a tax break.

I am unsure how calling me everyday and sending letters to my house everyday helps me earn the money to pay you back. Because I'm pretty sure that it does nothing of the kind.

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