What a joke. What did you think direct Stafford loans on your FAFSA confirmation page meant? Just typical take no responsibility for your actions attitude. It's the school's fault because you knew what you were getting into and chose to ignore it. Pay off the loans you willingly and knowingly took.
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Omg, cry me a river! Pay back your loans! The big difference between now and the 80s is we weren't raised as entitled brats who think everything should be handed to them. The economy was in a financial down turn at the beginning of the 90s. Read a history book or something before you make these outlandish comments.
@IlWDf6Z-3xgy And the minimum wage wasn't fully off from inflation and stagnant job wages yet, the job market was burgeoning, your school didn't promise you employment and flash you some fake career stats, your education probably didn't s---, and employers didn't laugh at your degree. F--- off and quit downplaying the financial stress of hundreds of thousands of millennials due to student loan debt.
Why thank you. People have always told me I have a great sense of humor. What's funny here is that anyone was foolish enough to admit you into a college given your demonstrated inability to think. Too bad this joke is on the US tax payer, you know, the ones who work, pay their bills and are contributing members of society.
I was posting in response to 1ktr. I'm aware it's not the 80s. I also don't believe financial aid officers lied to anyone. I knew them and they were, for the most part, good honest people. As soon as you read this I'm sure you'll start ranting and raving, and everyone was complicit and yadda, yadda, yadda, and while you distract yourself in this way no truth is coming to light and no problems are being solved.
1ktr, I went to college in the 80s, paid 17K a year for it, it was private, took out subsidized and unsubsidized federal loans to pay for college, signed the paperwork by myself as an 18 year old with no financial experience, graduated, struggled at first as a waitress because my degree was in English but made my way into a well paying career, and, GUESS WHAT, paid off my loans! It is possible! Many have done it but it requires hard work!
@fot....The schools do not issue loans. The government is the lender and the $ goes straight to the school. That is the crux of the whole debate. So when you pay $470/credit at AIPOD your loan amount goes up $1410 (which you owe the government) and $1410 goes straight onto EDMC's top line revenue. The problem is, any dipshit that can fill out an online application can get a Stafford loan. It's egregious how little information is actually "verified" from these applications. You could do it in 15 minutes and get up to $12500 in loans for an undergrad degree.
Um did you f---ing read what you wrote? "direct Stafford loans on your FAFSA confirmation"?
Do you think 18 year old kids with zero financial experience in the real world or baby boomer parents who went to college in the 80s when it was a couple thousand dollars and you could pay for it with a full time job as a grocery bagger know what ANY of those words mean??? Like are you kidding me????
Why would anyone pay back loans to a shut down school?