The Negatives of Borrowing Student Loans

Are you struggling to pay back student loans? Have you defaulted because you cannot afford to pay such high monthly fees? Well, you are not alone. You are one of the millions of people living in America today that owe the bank and the student loan corporations your life. Oh, you think I am exaggerating? Let me show you how the student loan corporations, banks, and even schools work together to keep you in debt and free from enjoying a debtless to work in a career that you have always wanted to have. Unfortunately, if you take on student loans, especially private student loans, this freedom will not be in your near future. I know I seem very cynical and pessimistic, but I have seen firsthand the deceit and lies that the student loan corporations will spew to get you to buy into their schemes. Let me tell you a bit about it and the many reasons why you should NOT get yourself into student loan debt.


The Inner Ring - Private Schools & Private Loans

After I graduated high school, I had absolutely no idea what I wanted to do. I knew I wanted to go to college, but I wasn't sure what I wanted to study and where I wanted to go. I began my college career by going to a small community college in my Southern Maryland home area. I took some general education classes and a few business classes for one semester, and then I changed my mind completely. I had a random desire to become a fashion designer...I know, I know...naïve and idiotic, right? I agree with you now, but being an excited and naïve eighteen-year-old with a dream, I was willing to take any risk. I wanted the good life...and I wanted to get the hell out of Maryland. Well, you can guess that this was mistake #1.

I searched on the Internet for public schools in the state of Maryland that would possibly offered Fashion Design or Marketing as a degree; however, my searching did not give me the results I desired. One day, my mom saw a commercial on the television for a school called IADT - The International Academy of Design & Technology. She thought that the commercial looked very professional and noticed that they were advertising a new degree in Fashion Design. She wrote down the number and we decided to give the school a call and see what they had to offer. The counselor (actually salesman but I'll go into more detail on that shortly) was a very nice and seemingly intelligent gentleman, who questioned me more than I questioned him. He wanted to know if I graduated from high school and what my GPA had been. He wanted to know why I had an interest in fashion design and if I had any experience in the world of art. The counselor left me feeling as though I needed to be qualified and prove that I should be "accepted" into this school of art; however, I would come to find out that they do not deny ANYONE from being accepted. You could be a felon with a GED and get accepted. They just want your money or the money that will be paid to them by the bank you borrow from.

From that point, IADT "accepted" me, after I sent in a few sketches and filled out a thick application. They seemed very convincing as a highly accredited and legitimate school. My parents were a bit wary of their promises, but they wanted me to be happy and shoot for the stars so they aided me by co-signing on a private student loan and a federal student loan. The funny thing was that this school told me that I did not qualify for any grants...that my parents made too much money. This was bullSH*T because the one semester that I had attended a community college (before attending IADT) had been paid in full by the state of Maryland. I believe IADT lies about the grants...or else they are not qualified to give federal grants because they are a private illegitimate school.

So after my stepfather and I had signed for these student loans to get me through my three years at IADT, I was more than excited to move to Florida and start my education that would be me in the career of my dreams. Once I arrived and began my education, this supposed "counselor" that promised that he would be "there for me" whenever I had any questions or concerns about the school or my education, the counselor disappeared. I left message after message...I stopped by his office...but each time I received no response or he was not there. It turns out these so-called "counselors" at this school are nothing but commission-paid SALESMEN. Nothing more...not counselors. Another funny thing I would come to find out about private schools, in particular IADT - they receive kickbacks for the private loans that they get their attending students to sign on. Scary and malicious, huh?

My contract for my student loans, with Sallie Mae, stated that my interest rates would be variable but that they were guaranteed not to pass 9.5%...this was a LIE.


Sallie Mae - A Tyrannical RingLeader

If you have never heard of Sallie Mae, they are the Ringleader of Student Loan Banking. They facilitate both private student loans and federal student loans for students all across the country. On the outside, they seem to be a very supportive and successful corporation, in the business of aiding students who need funds in order to further their education. Successful they are...but supportive? Not by far! They are corrupted and deceitful...and they will do what they can to keep their clients/customers in are nothing but a number...more $$$ to them. Here's why:

  • they prey on naïve young folks that are looking to improve their lives and follow their dreams
  • once they've roped you into a contract with a variable interest rate, they can jack up the interest rate as high as 23%...believe it! It happened to me, too!
  • if you are deployed and serving your country, they will call and harass your family members about payment instead of aiding in deferment or some other plan of action
  • they will not allow couples who co-signed on loans together to split up the loan, if divorce or break-up occurs
  • they have put students loans into default, while some were still in school!
  • they have "accidentally" withdrawn funds from people's bank accounts, so never sign up for an automatic payment plan with this corporation!
  • all of their customer service is outsourced to India so you will almost NEVER get someone that actually cares or understands what you are going through, they are all trained to give you the go-around
  • they will garnish your wages if you are unable to pay the monthly amount (sometimes this takes awhile but it happens more than you could imagine)
  • according to, their CEO Albert Lord has grossed over $280,000,000 in salary and commissions, over just a five year span! Are you kidding me?
  • in many cases, they have not withdrawn from someone's bank account and put their loan account into delinquency...which also meant a "tacking on" of late fees (some around $200 for a single month's late fees)
  • they will claim all of these things are documented or law but never prove it by providing paperwork or pointing it out in a contract

I'm Paying WHAT in Interest?

So after I dropped out of art school because of the high expenses and living costs, I received a bill in the mail no sooner than six months following my drop-out date that showed my monthly payment as being almost $800 a month! I had five loans - 4 private loans and 1 federal loan. The federal loan's interest rate was pretty low, at only about 3%; however, upon further investigation, my interest rates on the private student loans ranged from 9.5% - 22%! Sallie Mae was estimating that by the time I finished paying them off, I would have paid a grand total of $180,000.00. This is for the original $48,000 that was borrowed.

I was in a new relationship that was quickly budding into something more serious, and having to show this issue to him was not my idea of hooking him. It scared him! Who wouldn't that scare? I was so scared that I became very depressed...I felt like there was a weight upon my shoulders that would never go matter what I did about it.

We looked into many different ways of trying to get out of or lessen my increasing debt - bankruptcy, consolidation, deferment, forbearance, etc. but nothing seemed to be a solid option. Sallie Mae's customer service was of NO help whatsoever - offering literally no solution but to put my loans into forbearance and helplessly watch the insane interest keep building on it month-by-month. I begged the Sallie Mae officials to let me consolidate them all into one loan and to acquire a fixed interest rate, but they would not assist me in this endeavor. No wonder, when they had the ability/chance to make an extra $130,000.00 off of me over the entire life of the loan! Evil and disgusting...

The other problem with trying to consolidate was that many banks will not consolidate your loans, unless you've graduated from college...which was obviously a problem for me. I did end up finding out that CitiBank would consolidate my private student loans, with the help of a co-signor...who happened to be my poor stepfather again. The thing is, if I was ever to default on these loans, my stepfather would have to bare the brunt of the high monthly fees...which I could never allow to happen. So I had to get my private loans away from Sallie Mae...and QUICK!

Consolidate NOW!

If you have private student loans with Sallie Mae, my advice is to consolidate as soon as you possibly can. If Sallie Mae will not help you consolidate, find a bank that will consolidate your loans and pay Sallie Mae don't want them holding a loan or multiple loans over your me.

CitiBank consolidated my four private student loans with variable interest rates into one loan with a fixed interest rate...thank God. This still meant that I was going to have to pay a minimum of $445 a month towards my student loan; however, compare this monthly payment to the almost $800 payment that Sallie Mae was expecting!

If you think you can get out of your student loans through bankruptcy, think again friend! It is not possible. You have the lobbyists and government officials who support the big student loan corporations to thank for those laws! The only way I have seen to inevitably wipe out your student loan debt is if you were handicapped and you had no way to work for the rest of your life...but that wouldn't wipe out the debt if you had a co-signor on the loan...the payments would just transfer directly to that person. Gah, it's so frustrating to know that the government doesn't care about this country's students either. Many some of them do, but not the majority.

I don't understand how they ever expect you to pay them any of that money at all...I'm sure even a doctor would have at least a little bit of trouble paying a monthly student loan that is as high as many people's mortgage payments! Here's the thing though...I don't believe they care if you can pay it or not...the shareholders and executives of Sallie Mae and other student loan corporations want their money, no matter what kind of effect it has on students in this country. Scary and sad. This is demonstrated by CEO Albert Lord's actions for the company...or inactions.

The Ongoing Battle - CitiBank, Not Much Better than Sallie Mae!

Now that I've consolidated my four private loans through CitiBank's student loan repayment program, I am making as much effort as I possibly can to pay off my debt as soon as humanly possible. This means that I am paying a little under double of what my monthly payment should be, and I ensure that the extra money that I pay every month is being applied towards the principal of my loan. I print out a receipt every time I make a payment and each receipt shows that I have selected to pay extra towards the principal. This way, if CitiBank ever comes back and tries to pull a fast one on me, I have hard proof.

While CitiBank has helped me remove my student loans out of Sallie Mae's evil grasp, CitiBank is not much better than Sallie Mae in its ethics and honesty towards their customers. Last week, I received a letter in the mail stating that CitiBank had "received my request to postpone payments." Funny thing is...I never requested that! It's almost as if they realized how much extra I have been paying a month and thought, "let's give one last stitch effort to add more interest to her loan and therefore acquire more money out of her in the long run." Because they don't tell you that when your private student loans are in a deferred state, they are STILL accruing interest. The only loans that don't accrue interest while in deferment are federal student loans.

So I decided to take quick action and call CitiBank to take this request off of my loan and out of their system, as I want to keep paying on my loan and pay extra. It took me literally thirty minutes to get through the whole automated phone system...and what do you know? There was NO way to talk to a real person. So, I decided to outsmart their evil plan and call from a different phone number...which still didn't work. Somehow they had every phone number I had ever called them from on file, which meant that I was an existing customer that they don't want to talk to. So then I went a step further and called from another different phone...but I called the Customer Service number specifically for people who are applying for new loans. Guess what? Someone was almost instantly on the other side of the line, waiting to sign me up for a new loan. So that's the problem...they only care about your money...not you! But I guess that's sort of a problem all throughout society and humanity nowadays.

My ultimate advice - never get student loans...even if you have to work two jobs in order to pay for your education. If you have to get student loans, make sure that they are all federal and that they have a fixed interest rate.


treaderind profile image

treaderind 23 months ago from India

Thanks nico, it was really a pleasure to read

AaronBurton profile image

AaronBurton 2 years ago from US

Schools assume you till make 6 figures a year which is why they let you borrow it for school. I think it's a big scam. Housing I could see because that costs but learning shouldn't be that high.

Bobby Jay profile image

Bobby Jay 2 years ago from New jersey

very very helpful as I am going to be a freshman in college now. thank you very much

Okan Biogene profile image

Okan Biogene 2 years ago from Ankara, Turkey

this is really very helpful thanks, we need people like you as the students who have very little knowledge about loans...


Yanniie 2 years ago

I need to borrow $1,800 from somewhere for school but I don't know whether to choose Sallie Mae or Wells Fargo. Does anyone know which one is better for the amount I'm borrowing?

Pyrrho San Pellegrino 3 years ago

I just want to thank you for this article; I was looking for a smarter choice over Sallie Mae. I got to the end of your article where it advised about going with a Federal loan. Thank you. I appreciate that you care enough to warn others about all the potential arm-twisting that results from using Sallie Mae.

psbhatt profile image

psbhatt 3 years ago from HYDERABAD

Being a banker myself, I abhor student loans at costly propositions. In India, government run banks offer at very reasonable rates. The parent/student should take adequate moratorium for repayment and that the monthly payback should not exceed 40% of student/parents' income. Great blog.

Melissa Black profile image

Melissa Black 3 years ago from Northeast Ga

I am so glad I stumbled upon this. I was just considering taking out a private student loan. Not anymore! Thank you!

marion langley profile image

marion langley 3 years ago from The Study

My husband and I paid for my college education with cash. Debt is wise to avoid period. Why doesn't our culture encourage saving up for things anymore!?!

Zeron87 profile image

Zeron87 3 years ago

Oh my goodness! Thank you so much for posting the hub. I almost got tricked into getting a Sallie Mae loan from ECPI. When I went to the university, they tried to giving me the fast talk, got me to take the test, were giving me the tour of the college, acting like I was already a part of their community. I barely had any time to ask any questions and when I did interject on, "It's great you want me here but how am I supposed to pay for all of this," their tone changed immediately. With luck, I didn't qualify for the Sallie Mae loan and I had no one that could co-sign for me. But now I know the truth about it for future reference.

ElleBee 3 years ago

I agree with many of these things... although I will say in my case my experience with Sallie Mae - which manages my federal loans - has been MUCH, MUCH, MUCH more positive then my loans managed by another company! The Sallie Mae people can sometimes be busy, snippy etc. but overall they haven't been that bad to me, they seriously look like Dear old Aunt Sallie compared to what I have dealt with the other company. Despite the fact that there is one state name in the title of the company I took the loan out through, they subcontract with another company for loan management and I still have yet to figure out where the company is located! Their general mailing address is in NY. Payments get sent to PA. And if you want to talk to someone, you end up on the phone with a person in SD.... I've actually been close to reporting them to the Better Business Bureau on multiple occasions, for refusal to provide me with proper documentation regarding my loan. They're a nightmare.

phdast7 profile image

phdast7 3 years ago from Atlanta, Georgia

Thanks for sharing about your terrible experiences. Hopefully, your caution and warning will make other people avoid the "loan trap."

rebeccamealey profile image

rebeccamealey 3 years ago from Northeastern Georgia, USA

Thanks for sharing this testimonial. We have had a bad experience as well with SM but not quite as bad. It sounds like you have a handle on things. Good luck and blessings.

rose-the planner profile image

rose-the planner 3 years ago from Toronto, Ontario-Canada

WOW! Let this be a lesson to everyone. That is unbelievable! This was a great and informative article with a strong message for anyone considering taking out student loans. Thanks for sharing your story. (Voted Up) -Rose

Teresa Coppens profile image

Teresa Coppens 3 years ago from Ontario, Canada

Wow what a terrifying story! Very good warning for future students seeking loans for their education.

RawatHimanshu profile image

RawatHimanshu 3 years ago from Chandigarh

Felt really sad to hear your story...thanks a lot lot for sharing. It's very useful and excellent warning for all who are making such plans. I wish you get out of this vicious circle soon.

kittythedreamer profile image

kittythedreamer 3 years ago from the Ether Author

Thanks, carozy! Me too!

carozy profile image

carozy 3 years ago from San Francisco

What a sad story. Thank you for sharing -- what a warning! I hope you get through paying them off soon.

kittythedreamer profile image

kittythedreamer 3 years ago from the Ether Author

Ronilo - Thanks so much, friend!

Kathleen - Oh my gosh! So sorry to hear that, but trust me...I understand. I speak from personal experience with this article. I'm in the process of paying off a HUGE loan that I was pretty much scammed into many many years ago. The interest is insane on these loans and the banks and companies involved don't give a crap about the people...all they care about is the shareholders and making money. They don't care if it puts others in the doghouse/poorhouse. Sad to say but corporations run America and corporations DO NOT CARE about us! That's also why these same corporations will lay off people on a yearly basis...putting hundreds of people out of a job...truly a sad scenario. Wish we could do away with big banks and corporations altogether!

Kathleen Cochran profile image

Kathleen Cochran 3 years ago from Atlanta, Georgia

We took out loans through the Dept. of Ed for our son. We paid the interest on the loans while he was in school to keep it from getting out of hand. When we started making payments on the loan itself after he graduated, they started returning our checks, then put his loan into default status and dinged his credit. After many discussions about repairing his credit, the only option was to pay off the loan, which we did. They did not repair his credit and began the process again on a second loan - giving it the same account number! We're contacting our Congressman. This is a scam.

Ronilo Blanca profile image

Ronilo Blanca 3 years ago from Koronadal, South Cotabato

great hub. keep wring informative hubs kitty

earnforlife profile image

earnforlife 3 years ago

This is really great advice. I wish I took the time to explore the implications of student's loans earlier. I am just happy that most of my tuition was covered by my relatives. Otherwise, with this terrible economy, undesirable jobs and credit card bills; I just don't know how I would have managed. I want to pursue my second degree, but at 24 I think I can wait a bit longer and save a bit more before giving student loans a second thought.

kittythedreamer profile image

kittythedreamer 3 years ago from the Ether Author

Thanks, Tanveers. I absolutely agree with you, interest is a killer.

Tanveers profile image

Tanveers 3 years ago from Pakistan

You may not know, Interest is totally not allowed in Islam even a single penny, It mean how much you borrowed should pay same in future. But in all over the world Banks are working on Interests either fixed or variable which create difficulties for people clearly mentioned by author. This practice should stop for facilitate people rather creating complexities in already complex life.

KDeus profile image

KDeus 3 years ago from Florida

Missy, that's what I told my daughter! She's going to get her AA at a local 2-year college then transfer to finish up her specialty. I pushed and pushed for her to apply for scholarships and it paid off. Feeling very blessed.

Missy Mac profile image

Missy Mac 3 years ago from Illinois

Good advice!!! It's best to attend a community college and depend on scholarships, grants, and save cash. Good article.

KDeus profile image

KDeus 3 years ago from Florida

Excellent article. As a parent with a recent high school graduate, it is a very informative article that could ultimately save a lot of headaches and money! Thank you!

kittythedreamer profile image

kittythedreamer 3 years ago from the Ether Author

Thanks, Grigory. Though I'm not sure what this has to do with student loans?

Eric 3 years ago

Long story short. I didn't borrow from Sallie Mae but the Federal Direct Student Loan program (Wm. D. Ford). My loans were sold to Sallie Mae from the Federal Government. My loans were in Income Contingent Repayment plan and I am on Social Security disability, which falls under the Federal poverty line amount. I have been on SSD since 2006, but was ruled disabled since July 2005. My disability is such that a redetermination has not been done and is not scheduled even though it has been over 7 years. Such determinations aren't good enough for the Department of Education to discharge a loan. I have to go back and reestablish my disability although it took over 15 years and the help of a social worker to do so because of doctors that aren't very good and my problems are as one practitioner who wouldn't take me on at all, "complicated."

So seriously, not taking a loan with Sallie Mae is no protection and being determined permanently disabled by Social Security is no respite from being harrassed by Sallie Mae and exorbitant geometric expansion of your school loan debt in a very short time.

I have medical issues that are untreated because they are covered neither by Medicare and Medi-Cal (Medicaid) nor by the Veteran's Administration (not considered service connected, so no compensation from them, nor preferred treatment).

shaymarie profile image

shaymarie 3 years ago from California

I realize I gave a bad link for the Student Loan Fairness Act Petition:

shaymarie profile image

shaymarie 3 years ago from California

My husband is in deep, deeper than most, when it comes to student loan debt and we are completely out of options. He got off the phone with Sallie Mae this morning and was such a wreck that I was inspired to write our story on Hubpages as well. I think it is everyone who is experiencing this problem should talk about it, write about it, yell it from the roof-tops. We need to make a big stink so that the high ups in our government enact change.

Anyone who reads this article should sign the Student Loans Fairness Act petition on and give students more options for paying down their debt ( kittythedreamer - please consider adding this link to your article to encourage the passing of this bill.

kim 3 years ago

does anyone know if it is possible for sallie mae to take from my bank account? it's not an account i have ever permitted them access to,but they had intercepted my tax return in the past.

marcia 3 years ago

Some students sign up for these student loans with no intention of paying on it. Taking classes for 30 years so they will never have to pay. It is unfortunate that honest ones have to pay higher costs for those dishonest ones who try to get their education for free. Free for them on the backs of those who are stuck paying for the ones who wont.

kittythedreamer profile image

kittythedreamer 3 years ago from the Ether Author

Wesman - I completely understand your torture with Sallie Mae. They're awful, in every way one could imagine. Its these big corporations that rule the country and keep people such as ourselves slaves to the student loan system. It's sad, truly. I got my private loans out fro Sallie Mae, as they were charging me 18% interest rates and up!

Wesman Todd Shaw profile image

Wesman Todd Shaw 3 years ago from Kaufman, Texas

Sallie May is one of the worst corporations/businesses I've ever had dealings with

They do NOT honor their end of the contract...they will start sending you bills even if you are still taking six hours or more per semester, and I don't know how it is now, but the loans I took out clearly stated how they didn't have to be paid so long as I was taking a half load of classes.

...but they sent me bills anyway, and they started adding interest to them...all in violation of their own contract.

Oh I'd have the registrar's office or whatever send them verification of my status as a six hour or more per semester student, but all to no avail.

kittythedreamer profile image

kittythedreamer 3 years ago from the Ether Author

lana - Try to consolidate and go through someone else, if possible. I haven't heard of that occurring but anything is possible with student loans...especially if that means they get more money out of you. How high are you interest rates, do you know?

lana 3 years ago

I just received information that my federal student loans are being transferred to Sallie Mae. Has anyone else had this occur, or heard of it occurring? I'm very concerned!

kittythedreamer profile image

kittythedreamer 3 years ago from the Ether Author

angrymom - Have you tried to consolidate with a company like Discover? I consolidated most of my private student loans out of Sallie Mae and with Discover, which lowered my interest rates significantly. You could give that a shot to see if that might help. All the best to you.

angrymom 3 years ago

I am glad to see that I am not alone in my extreme frustration ove Sallie Mae and their total lack of compasion for those of us paying student loans. I too have called and written letters to no avail. Their customer service - or I should say - their total lack of customer service is horrible. And the fact that nobody speaks english makes it worse. To date I have paid over $13,000 on a $27,000 loan. My balance is $24,000. $10,000 in interest. Credait Card companies don't even charge that. I am at a loss as to where to turn. Looks like my 401K will have to take another hit. I am open if anyone has suggestions on where to turn to get out from under this monsterous company.

kittythedreamer profile image

kittythedreamer 4 years ago from the Ether Author

I hear ya, friend. It is quite disgusting. I've been through it and so are many others out there. This character Jenn before your comment had to have been a big time student loan facilitator...I imagine she was someone who was actually benefiting off of screwing people like us. Thanks for reading & good luck to you. Try to get away from Sallie Mae ASAP!

Disgusted 4 years ago

My student loans were "purchased" by Sallie Mae who restarted the clock on my pay-off. Their website is beyond horrible and they make it impossible to make principal payments. I have called, written, and emailed trying to get an answer from these knuckleheads....nothing!! Pigs at the student loan trough!

kittythedreamer profile image

kittythedreamer 4 years ago from the Ether Author

"Jen" or should I call you "Sallie"? - Sounds like you are just another advocate for the big student loan corporations out there trying to screw over the rest of us. Do me a favor and go preach your pro-sallie-mae crap somewhere else. Thanks!

Jen 4 years ago

Well, 1st of all after being in college while raising my children who have since gone been in college, I am very informed on Sallie Mae or other Federal Service Loan companies practices. Sallie Mae is not a private loan company. It is a Federal Service Loan company. Secondly, the rate for Sallie Mae is a fixed 6.8%. It does not go up nor down from this unless the government has indicated to lower the rates, which was lowered by up to 1.9% a couple years ago. Never had a problem with Sallie Mae in my 25 years of experience with them.

Federal government consists of two types of loans Unsubsidized and Subsidized. Unsubsidized accrue interest. You can ask for it to be deferred until you graduate college by calling the loan company. Subsidized DO NOT accrue interest and are automatically deferred. However, BOTH are offered by Federal Government. For example, PLUS Loans are Federal Loans yet they are unsubsidized and accrue interest daily.

How paranoid are is the poster to say a company does not want to speak to us and knows all phone numbers that we will call from in our living area? I think the problem is not Sallie Mae. Upon reading, there seems to be problems with all companies and colleges and people that have crossed your path. Maybe the problem isn't everyone else!!

kaiyan717 profile image

kaiyan717 4 years ago from West Virginia

The federal government will not give out grants for non-accredited schools. They can be legitimate, but non-accredited. I have some student loans and it helps to pay your interest as you go, it racks up there quick, so if your not careful you have a mortgage payment worth of debt. I wish you luck in your endeavors.

kittythedreamer profile image

kittythedreamer 4 years ago from the Ether Author

There isn't much of thing to do is to pay it off ASAP so that you're not paying on interest the rest of your life.

Michael 4 years ago

where is the light at the end of the tunnel?

kittythedreamer profile image

kittythedreamer 5 years ago from the Ether Author

SallieMaeSucks - I agree...and you really have to watch that with them...they'll apply to future payments every time if you don't call them and make the payment via the telephone. And even worse...they charge you more for making payments over the phone! Horrible system we have here with student loans...pathetic, really. Good luck!

SallieMaeSucks 5 years ago

...and when I tried to help my daughter by paying off the principal, after she made the scheduled payment, they applied my intended principal payment to her future scheduled payments! I called and demanded they comply with my intentions, and it's in process...yeah, right. Just as we economy-supporting-borrowers have credit bureaus, why not a bureau for deceitful lenders?

St.Cyprian 5 years ago

Wow! This is really scary stuff!

kittythedreamer profile image

kittythedreamer 5 years ago from the Ether Author

Nico - I totally agree! Thanks for sharing. :)

Nico 5 years ago

Student loan debt should be treated with great care! Nowadays student loan debt is higher that credit card debt, making the first a real burden to be dealt with!

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