Default: the Student Loan Documentary
defaultmovie asked:
Default: The Student Loan Documentary is a feature-length documentary chronicling the stories of borrowers from different backgrounds affected by the private student lending industry and their struggles to change the system. In 2005 private student loans were exempted of ALL consumer protections. No matter when their loans were taken, many borrowers now find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy …
What a joke. People who take out loans of any type pledge to pay them back. If they don’t then it is the same as stealing. Student loans are no different. These people made bad decisions and want someone else to pay for it.
Comment by strongbadXCP — April 7, 2009 @ 12:54 am
I am over educated w/ 2 degrees and a giant student loan debt. 50k. Thats why I have an opinion about this. I was using examples of less privileged individuals in the US that manage to excel in spite of their hardships.
Its a freedom / privilege to go to college, decide on a major, and prepare yourself for a career. Since we live in a free market society, it’s also a responsibility to make sure what you are learning has some kind of marketability.
EVERYONE has to adapt to a changing market.
Comment by xpez — April 23, 2009 @ 12:54 am
Do not take out student loans. Apply for scholarships, work summers, work part-time during the school term. Make sure your studies connect to reality, that a job or profession exists at the end of your 4 years at College/University. Don’t do a Drama degree, or an English degree, unless you connect that to a teaching qualification, a graduate degree, or something practical.
Comment by calsurf21 — April 29, 2009 @ 11:20 pm
If you sign up for unsubsidized student loans.
then its your own fault for signing up for something that could wreck your credit and finances.
They WARN you that the interest rate is subject to change.
Street hustlers know how to earn the cash they need to survive.
You have to get street smart…instead of being a passive victim.
This is America where Capitalism rules.
Clever poor people come to America from other countries and manage to build small financial empires… with no education
Comment by xpez — May 4, 2009 @ 7:29 am
Solution pay off your debt…
Comment by xpez — May 5, 2009 @ 9:59 pm
Spread the word please
Comment by DuckBrown — May 6, 2009 @ 1:02 am
EXCELLENT trailer and concept – I will be blogging about this.
I’ll be back to post the link…
Comment by icjackson1913 — May 6, 2009 @ 12:41 pm