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 ...
Wow, one of 10,000. Lucky you. Mean while my niece graduated with the same debt, went to work the day she got her degree and the company will pay off her debt. And my other nieces daughter did the same thing. One hands out the pills and the other one writes the prescriptions .
She should have gotten her degree in Classical Studies ... no, wait ....
$17,400 x 2 = $34,800 per year
$34,800 x 4 = $139,200.00, for four years.
That’s tuition costs only for just the undergraduate degree. It includes no dorm fees or other living expenses.
She should probably have chosen a less expensive school.
Jennifer, you were ‘tricked’ into getting loans you could not pay back, by fraudulent, greedy banksters, so Obamadaddy will help you, poor thing..............
From the Godfather: Either your signature or your brains will be on that contract.
Boo friggin hoo...
The parents also have a role in this drama. If the parents agreed to cosign then they also should have done some research and offered advice. Instead, there is no return on their investment and it looks like the daughter wants to make them suffer as well. Even though this was a big enough issue for her for a news story she had not even looked into consolidating and extending her loans. This tells me that she is looking for a handout from the feds or a suit against her school. “Look at me, I have a masters, I’m owed a 100k+ a year job”. I have run into this entitlement mentality quite often and when it pops up its an issue of the person having an effortless, worthless degree.
b
Stupidity in action. This is a triple play. First she chose a field without researching the job opportunities in it. Second she took out BIG loans to cover the cost of getting the degree And, third, the dumbest move yet, she doubled down on failure. After FAILING to get a job in her chosen field she spent even more money getting deeper into a field whe she was unable to get work. This is the liberal mindset. When it fails it's just because you didn't go far enough. With this logic she should spend even more moeny and get a PhD in psyc and still not be able to get work.
Q1: What does one do with a bachelor’s degree in psychology?
A1: Nothing, because society does not need many people with a bachelor’s degree in psychology.
Q2: What does one do with a master’s degree in psychology?
A1: Nothing, because society does not need many people with a master’s degree in psychology.
Q3: What person would run up $130,000.00 in debt to pay for five years of “education” to earn a bachelor’s and a master’s degree in psychology?
A3: A person who is severely challenged mathematically.
Q4: What sort of people would use their home to finance such an “education” for one of their children?
Q4: People who are even more mathematically challenged than the child.
Cry me up a storm, but the Sammartinos should have seen this coming.
Guess the major... I didn’t even have to open the article to know it was NOT Electrical Engineering or Computer Science and that she is a perfect residency candidate at the nearest Occupy. How many of these sob stories do you see from engineering majors or med students? It’s not as if she, or especially her parents, didn’t know this would happen when she graduated high school. What does she think she’s going to gain by going to NBC 10 now? The whole family is not very bright.
LOL
What are you? A Democrat? There was no luck involved. I worked my arse off. I took out a much smaller loan and paid every penny back myself. Now, I pay more money in taxes than I used to make at my first jobs. Basically what a degree tells an employer these days is that you finished something you started. Most of the stuff I did on my jobs was learned on the job but you don't get the interview if you don't have the letters after your name.
Q1: What does one do with a bachelor’s degree in psychology?
A1: Nothing, because society does not need many people with a bachelor’s degree in psychology.
Q2: What does one do with a master’s degree in psychology?
A1: Nothing, because society does not need many people with a master’s degree in psychology.
Q3: What person would run up $130,000.00 in debt to pay for five years of “education” to earn a bachelor’s and a master’s degree in psychology?
A3: A person who is severely challenged mathematically.
Q4: What sort of people would use their home to finance such an “education” for one of their children?
Q4: People who are even more mathematically challenged than the child.
Cry me up a storm, but the Sammartinos should have seen this coming.
The most useless degree out there next to social work.
http://www.youtube.com/watch?v=7udQSHWpL88
http://www.youtube.com/watch?v=c-zG5U0v3gU
http://www.youtube.com/watch?v=VObFc64OnEk
These children must have counselors that advise them to borrow so heavily?
My oldest daughter has a Masters in English/Education and works as a teacher.
Second daughter has a BS in Biological Engineering and finishing first year of Med school, (doing very well).
Son is still working on BS.
Last daughter will start school in fall.
We had small college funds, lived cheap, went to State schools rather than private. Kids worked summers. Not saying its been easy, and we’re still working on it.
But none of my kids got a loan before completing bachelor’s degree. We paid as we went, because having to pay all that money back is very undesirable. Med school is a little different.
I dread borrowing money. I wonder that others don’t?
Colleges exist to provide jobs for people who cannot make a living with their hands or their heads.
“BTW, I do think college is hugely overpriced, but you can get a UG degree in something useful, from a decent school, using a community college for around $20k.”
Which is exactly what I did. Funny thing. Everytime the bank made a payout to the school, I somehow received a check in my name for around $900.00. I took that check and applied it to my loan, so I was making payments and reducing the debt while in school. Paid off my loan in 4 years. Now I have a phoney baloney business degree, a job, a house, kids, car and no debt, other than my home. Go figure.
What an idiot. I thought people who successfully graduated from college could be presumed to have half a brain. People like her give the rest of us a bad name.
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