Ep 5: Sallie Mae is Not Your Friend
10/28/19 • 46 min
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!
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!
Previous Episode
Ep 4: How Student Loans Ruined My Life
Student loan debt is ruining people’s lives. In this episode, you’ll hear the heartbreaking stories of real people who feel the crushing weight of student loan repayments. You’ll hear about the dark and predatory underbelly of the student loan industry and how compounding interest rates screw people over from Seth Frotman—the whistle blower who brought to light the predatory practices of the student loan industry. You’ll also hear from Dave Ramsey, Seth Godin, and Anthony ONeal and real people burdened with astronomical amounts of student loan debt. You might be surprised to find out who should be responsible for the dumpster fire that is the student loan debt crisis
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!
Next Episode
Ep 6: Don’t Bank on Student Loan Forgiveness
Less than 1% of applicants get their college debt forgiven, so the current student loan forgiveness program is an epic failure. Politicians are making big promises on how they will forgive student loans, but where will that 2 trillion dollars come from? According to Dave Ramsey, Seth Frotman, Seth Godin, Mark Cuban and others, there’s no magic bullet to solve this crisis.
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!
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/borrowed-future-116938/ep-5-sallie-mae-is-not-your-friend-5971514"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to ep 5: sallie mae is not your friend on goodpods" style="width: 225px" /> </a>
Copy