Posted on 02/10/2012 9:10:15 AM PST by Sub-Driver
I Owe $130,000 in Student Loans
Jennifer Sammartino has a great education and a mountain of student loan debt By Gemma DiCasimirro and Alexis Leonard | Thursday, Feb 9, 2012 | Updated 5:43 PM EST
When Jennifer Sammartino needed help paying for college, she, like many students, took out federal and private loans. Now she’s faced with over $130,000 in student loan debt.
After Sammartino graduated from La Salle University with a Bachelor's degree in Psychology. she had no luck getting a job. She then made the decision to go back to school, hoping that a Master’s degree would bring in more job opportunities.
But graduate school also meant more loans.
Unable to get approved by herself, Sammartino’s parents co-signed for the majority of her loans. Now they could be in serious financial trouble too.
If Sammartino defaults on her loans, her parents could lose their home.
Sammartino, now with her Master’s degree is still unable to find a job in her field. She works as a case manager for special needs children, but her salary isn't enough to pay back all the money she owes for her education.
The debt seems overwhelming to Sammartino. “I would like to be able to pay my student loans, and we know that we have to pay them back,” she says, “But we don’t know where to start.”
(Excerpt) Read more at nbcphiladelphia.com ...
geez Louise. Even in High School, you can pore over the books from the Bureau of labor statistics when career/college searching and see what the demand and typical salaries are before you EVER set foot in a college classroom. And she never did that ONCE in 7 years of higher education and is now coming to that conclusion?
Logic is a typical course for an undergrad degree, especially in her field...obviously, she wasn’t paying attention...or was watching one too many episodes of CSI and the “Closer”.
I am a LaSalle grad and have clawed my way to success. GET A SALES JOB. With a psychology degree you are trained in
human nature. If you are shy sell your way out of it. Once you learn to sell you will always have a job. You will learn to convince people you are the best person for the job.
Go for it! You will not regret it and you will be a better person for it!
I am so stealing that...
“Colleges exist to provide jobs for people who cannot make a living with their hands or their heads.”
I like that.
You have almost hit the nail on the head. A Psychology degree
can be useful, but most high paying jobs are not with
bachelors or masters degrees.
But the part about the federal government involvement and
the shakedown bit...very good insight. Education is now
an official farce.
Now that is a darn fine idea!!!! Great post.
I don’t owe anything for my worthless degrees; thank goodness. When borrowing money on your future worth, try not to over estimate. Some have what it takes, and some don’t. ...I had a cousin who borrowed over $250,000 going through medical school, and he paid it back in a few years. The student loan collectors would have to hire extra people to try and extract that from me.
In America’s former Judeo-Christian American culture, debt was to be avoided. Debt is one of the many gifts of liberalism’s cultural cleansing.
All they have to do is make student loan debt dischargeable in bankruptcy, as almost every other kind of debt is. Such a short, sharp smack on the snouts of the bankster pigmen would be enough to eliminate most student loan programs and at the same time force the Leftist Fantasy Unicorn Breeders that run our universities to reduce their tuition prices back toward market levels.
Yeah. I had all sorts of odd jobs. I did take out loans,
but they could have all been paid back in less than a year
of minimal pay. I had to live in the waiting room of an
ex-chaeuffer at a big estate(the new owners were very nice
to me) and do the gardening of the estate for my rent,
but I didn’t have any nice stuff while going to
school. Who had time to par-tay? If I didn’t study it was
off to the army or getting kicked out of school.
Note: I was a hard science major.
Her only choice is to go back to school to further her education . . .
I went to college on the GI Bill and got a BS in Accounting and had a job lined up before I graduated. My employer paid for my M.B.A. in finance and it was so worthless I was able to retire early and comfortably to a house with acreage in the country.
“Bachelor’s degree in Psychology.”
a degree that produces nothing. nice choice.
quit bitching if you cannot find work.
I just read a statement yesterday. Never approach a bull from the front, a horse from the rear, or a fool from any direction. This may apply here.
In Oklahoma newly minted petroleum engineering graduates are pulling down $100k and petroleum land management graduates are getting $85k. So obviously you are correct.
I’d love to see that Jeeves. While most of us cons are not high on bankruptcy I find the racket protection offered to our higher institutions are much more offensive.
No they are all now institutions of propaganda, nothing more!!!!
Listen here stupid little moochers, here is the Golden Rule:
Do whatever the hell you want, but I am not paying for it. Period.
The best part was where she went back to school for a graduate degree, which caused her to take on more debt, and she talked her parents into cosigning loans for her, putting them in financial jeopardy.
It's a shame nobody ever told her, "when you find yourself in a hole, the first step to getting out is to stop digging!"
This really is ridiculous! And they claim this is a problem with the education system? I guess so... It proves that it's incapable of teaching people the most basic of economic principals... Or maybe they're trying to teach people who are so stupid they just can't be taught... But the most likely reason is that it's simply a huge racket, a criminal enterprise as run by the government and education system.
Mark
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