See, this is why I would never encourage a kid to go to college if they had to borrow money to do so.
See, this is why I would never encourage a kid to go to college if they had to borrow money to do so.
I tend to agree with that statement. As expensive as college is, you may end up spending the rest of your life paying off the loans. Happens all the time. Go to college, get a degree, can't find a job. settle on a crap job cause lets face it, four years of ramen noodles is enough, and you still have to pay off the loans.
This problem has been in the news a lot lately. Bachelors Degree holders working at starbucks because they can't get a job in the industry they have their degree in. Newly minted BA holders were especially hard hit when the economy tanked. For their entire lives they were fed the lie that a college degree is the way to get that high paying job and ahead in life. So, they enrolled in college, worked hard to get that degree and left with two pieces of paper: a degree and a giant bill.
college tuition costs are skyrocketing while the value of the degree received is plummeting.
undergraduate and medical school loans with their help
my wife has student loans for her schooling threw Sally may and she has been paying as much as we can afford on them but her payment that they set for her is more than our house payment and so the loan officer told her to pay what she can. well long story short they called her today and threatened to garnish our paycheck and income taxes if we don't pay the set amount of $$ that told my wife so my question is can they do that or do we need to talk to a lawyer? and if so can anyone recommend one?
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