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Posts Tagged ‘student debt’

Default: The Student Loan Documentary is a feature-length documentary chronicling the stories of borrowers from different backgrounds affected by the private student lending industry and their struggles to change the system. In 2005 private student loans were exempted of ALL consumer protections. No matter when their loans were taken, many borrowers now find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law. The consequences are dire, with stories of borrowers in financial and emotional ruin. www.defaultmovie.com A film by Serge Bakalian and Aurora Meneghello

My family are driving me around the bend!!

My goal is to represent my country at soccer (women’s soccer, I’m a girl). It is within my reach. As for a job, I want to be a teacher.

Anyway I’m in my first (Freshman) year of University (college). Here’s the catch, at home I can live rent-free and have financial help with my fees. If I move away, I will have to get a student loan. No big drama, I just want to play international soccer and finish my degree. I do work 2 shifts in retail.

My parents would probably have a fit if I decided to leave (they’re clingy), but I’m having trouble grinning and bearing their cr*p.

Please give me some advice, should I move out and get a loan, and live independantly and happily, or do I stay at home, staying out of student debt, barely clinging on to my sanity?

TIA.