When it comes to the student loan debt crisis, there’s a lot of blame to go around. In this episode we’ll take a look at the history of the government-backed student loan industry, how Sallie Mae became a player, and how student loans have led to soaring college costs. You’ll also hear how double-digit interest rates, subprime loans and large student loan repayments have led millions of borrowers into default and forbearance; why you can’t declare bankruptcy on a student loan; and why one dad will spend his life paying back $250,000 for a film degree his son never even used. BorrowedFuture.com http://bit.ly/2BwX2Mv “Debt Free Degree” Book http://bit.ly/31yOMXb Splash Financial http://bit.ly/2B9rX1b Have you been impacted by student loans, or have you received a debt-free degree? Send your story to story@borrowedfuture.com or call 629.235.0235 and leave a voicemail!  

Borrowed Future

Ramsey Network

Ep 5: Sallie Mae is Not Your Friend

OCT 28, 201946 MIN
Borrowed Future

Ep 5: Sallie Mae is Not Your Friend

OCT 28, 201946 MIN

Description

When it comes to the student loan debt crisis, there’s a lot of blame to go around. In this episode we’ll take a look at the history of the government-backed student loan industry, how Sallie Mae became a player, and how student loans have led to soaring college costs. You’ll also hear how double-digit interest rates, subprime loans and large student loan repayments have led millions of borrowers into default and forbearance; why you can’t declare bankruptcy on a student loan; and why one dad will spend his life paying back $250,000 for a film degree his son never even used.

BorrowedFuture.com http://bit.ly/2BwX2Mv

“Debt Free Degree” Book http://bit.ly/31yOMXb

Splash Financial http://bit.ly/2B9rX1b

Have you been impacted by student loans, or have you received a debt-free degree? Send your story to [email protected] or call 629.235.0235 and leave a voicemail!