Financial News & Information.

April 2, 2009

Student Loan Scam: The Most Oppressive Debt in U.S. History. ! Michael Savage Show.

gregtl1967 asked:


Student Loan Scam: The Most Oppressive Debt in US History —and How We Can Fight Back.. - Author: Alan Michael Collinge. JANUARY 29, 2009. MICHAEL SAVAGE Show. An in-depth exploration and exposé of the predatory nature of the student loan industry Alan Collinge never imagined he would become a student loan justice activist. He planned to land a solid job after college, repay his student loan debt, and then simply forget the loans ever existed. Like millions of Americans, however, in spite of …

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11 Comments

  1. oh yeah almost forgot…a wise ass wrote a book about it…lol.
    you need that to figure the whole thing sucks to high heaven with gubermint blessing included.

    Comment by srpopei — April 6, 2009 @ 4:03 am

  2. Thanks for posting.

    Comment by Qtrademark — April 13, 2009 @ 12:09 pm

  3. Thanks for posting! Good video

    Comment by gausert123 — April 15, 2009 @ 12:08 am

  4. Wow? 150,000? there is not a bachelors degree on the planet that isn’t ivy league that is worth that kind of investment!

    Comment by Rockynurse — April 15, 2009 @ 8:49 am

  5. Please take this video with a grain of salt. If you find yourself underemployed when your loans enter repayment status take a couple steps.

    1. Talk to your lender. This gentlemen says he did and instead of a forbearance they put his loans into default. This won’t happen if you talk with them and schedule out a payment plan. I think he isn’t telling the whole story.

    2. Find work. Get another job, do what you have to do to make the payments. Default is a very ugly thing!

    Comment by managestudentloans — April 17, 2009 @ 3:43 pm

  6. Interesting video here.

    Comment by itsallgood5000 — April 23, 2009 @ 10:32 pm

  7. After I graduate with my bachelors degree, I’m going to have a debt of around 150,000 thousand dollars and I am scared. s**tless.

    Comment by Draconis888 — April 25, 2009 @ 6:12 am

  8. Yes because the corporate world is so civil! HAHAHAHA you need to learn about the job market!
    I am fine job wise. If worse becomes worst I can just go get a job at a firm where my friends dad is the managing partner! Job market? Pfff I am great during interviews, have a stellar resume and hablo en dos idiomas!

    Seriously if you are a college professor why waste your time on youtube? Don’t you have research or something?

    Comment by Rockynurse — April 28, 2009 @ 11:06 pm

  9. You are right! There is no demand for accountants. Having a 3.6 overall gpa(4.0 in my major), interning with a multinational accounting partnership, and being president of the accounting society won’t help with my job search.

    Grow up? I suggest you learn about supply and demand! I win biotch!

    Actually If I get signed like my buddy did I’ll get 72k after bonus!

    Comment by Rockynurse — May 3, 2009 @ 4:39 am

  10. I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.

    that is very awesome i love this

    Comment by Daryncxe — May 13, 2009 @ 3:09 am

  11. A good portion of what he said is true, although most was certainly spun in an extreme way (but that’s what one comes to expect from The Savage Nation). Some truth was stretched, and there were a couple points in which he was just dead wrong.

    As always, validate information from a few different sources before formulating your opinions. And consider those sources. Context is key.

    Comment by docelephant — May 16, 2009 @ 6:42 am

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