University

Student Loan Scams 1 – Sallie Mae, Part 1

Sallie Mae is the largest student loan company. We look at a 60 Minutes report on Sallie Mae and how Sallie Mae, with the help of government, makes a lot of money off of student borrowers.

Duration : 0:3:15

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Technorati Tags: college, education, Loans, MAE, sallie, student, university

Tags: college, education, Loans, MAE, sallie, student, university

Loans 25 Comments

The Beast That Swallows Its Young

Consider defaulting on your college loans.

FREE ALBUM DOWNLOAD at http://www.mattkresling.com/main/Matt_Kresling_Album.zip

Is this fruition of my college years,
arriving in an envelope, business-size,
Sallie Mae Corporation letterhead?
This is to inform you that you
havent made a payment on your loan
since the winter of, italicized, 1997.

If at this time you cannot make
the monthly payment we set,
youll be required to remit to us
the balance in full.
You know, I dont think Ill pay—
what kind of fool
would feed the beast that swallows its young?
Would feed the beast that swallows its young?

Clearly, eightteen isnt old enough to drink
but old enough to sign a promissary
interesting.
Military? Sure, join up.

And who can put a pricetag
on a top-notch education?
How about $50,000? $80,000? Well, thats
just for the textbooks.

But what exactly is the consequence
should I refuse to pay?
Is there still a Dickensian debtors prison?
Oh, there isnt? Well

If at this time you cannot make
the monthly payment we set,
well be required to revoke what every citizen fears:
your card for digging your hole deeper in debt
to the beast that swallows its young,
to feed the beast that swallows its young.

Everyone must go to university.
Without a good degree,
how will you pay the lenders
who staked you while attending university?
And everyone must grow the university.

This is to inform you that Ill never make a payment.
This is to inform you that Ill never make a payment
to the beast that swallows its young.

Duration : 0:4:39

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Technorati Tags: college, Debt, education, folk, kresling, loan, MAE, sallie, School, student, ukulele, university

Tags: college, Debt, education, folk, kresling, loan, MAE, sallie, School, student, ukulele, university

Loans 25 Comments

Student Loan Scams 1 – Sallie Mae, Part 2

[Part 2] Sallie Mae is the largest student loan company. We look at a 60 Minutes report on Sallie Mae and how Sallie Mae, with the help of government, makes a lot of money off of student borrowers.