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

Student Loan Scam: The Most Oppressive Debt in U.S. 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 working hard, Collinge fell behind on payments and entered a labyrinthine student loan nightmare.

Duration : 0:9:34


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25 Responses to “Student Loan Scam: The Most Oppressive Debt in U.S. History. ! Michael Savage Show.”

WalkingThroughOut Says:
July 9th, 2009 at 6:26 am

COLLEGES ARE THE …
COLLEGES ARE THE NEXT BUBBLE TO CRASH!

yoops Says:
July 9th, 2009 at 6:26 am

Corporations don’t …
Corporations don’t earn any of this wealth.. 17% interest rate? Are you kidding me? That is extortion, they practically have you at gunpoint to pay exponentially more than you owe. Bunch of thugs.

lorax2013 Says:
July 9th, 2009 at 6:26 am

Welcome to the new …
Welcome to the new world financial order. You won’t be able to go to college without taking on a huge debt which cannot be erased. In effect, you will never be able to earn money as a professional unless you are a debt slave first. Meanwhile the banks make guaranteed money on these loans because the government backs them with your tax dollars. Time to wake up America – the banksters OWN you.

Anothercoilgun Says:
July 9th, 2009 at 6:26 am

Whats next, loans …
Whats next, loans for child baring?

Anothercoilgun Says:
July 9th, 2009 at 6:26 am

And I thought a …
And I thought a career was excting and challenging.

applyforstudentloan Says:
July 9th, 2009 at 6:26 am

Going to college is …
Going to college is a big step in life. It is exciting, challenging and costly. One of the biggest stresses of going to college is figuring out how to pay for it. For many students paying for college involves getting student loans. Grants, scholarships and other free money does not usually cover all the costs and the only other place to turn is to a student loan.

jennpf Says:
July 9th, 2009 at 6:26 am

Sallie Mae has a …
Sallie Mae has a monopoly on the ENTIRE student loan industry. Not only do they make the loans under several different names but they OWN the collection agencies. They WANT students to default or fall behind in payments because they make MORE money than they would on students that pay off their loans early. The interest rates they charge should also be capped! This is the only industry that is still getting away with illegal lending practices! (KICKBACKS)

orsonwagon Says:
July 9th, 2009 at 6:26 am

Savage is finally …
Savage is finally starting to make ssense. I had hoped he would see that it’s the Oligarchy/corporate fascists who rule the world and not Dems and Repubs. Now, if only he had the courage to deal with the 911 Fraud, we would see a REAL investigation. However, I know it’s a dangerous area to get into. Many people have died trying to uncover the facts of the JFK killing, for instance.

SNIPEQUEST Says:
July 9th, 2009 at 6:26 am

I have left the …
I have left the country cause of my student loans. I owed 30 k and somehow went from a $270 min payment to a $550 min. payment. Also i went from 30k to 57k in less than 2 years!!! I had debt collectors harrassing me to the point i thought i was being followed on a daily basis. l couldnt sleep at night and even had purchased a gun and a big dog. Now i am in Russia.

KARStarla Says:
July 9th, 2009 at 6:26 am

Christians flood …
Christians flood black communities with drugs? lol

I woudnt define a drug dealer with a christian, but you do? lol Wouldnt you inteligently (rather) dismiss the fact (through their actions) ume they arent really a christian? That rather then tag “the name” christian to what is opposite of their own book in regards to their actions? I never got that

KARStarla Says:
July 9th, 2009 at 6:26 am

Whats a christian …
Whats a christian right wing have to do with loans? lol

What the heck is a christian rightwing?

asmadeous Says:
July 9th, 2009 at 6:26 am

entire
entire

ticks4ticks4 Says:
July 9th, 2009 at 6:26 am

Pell Grants– …
Pell Grants–depending on AGE on Parent Income!

74u73hjd Says:
July 9th, 2009 at 6:26 am

typo on enitire I …
typo on enitire I know that.

74u73hjd Says:
July 9th, 2009 at 6:26 am

That makes the …
That makes the entiere system full of as well.

hegemonies Says:
July 9th, 2009 at 6:26 am

I defaulted on my …
I defaulted on my loan because of someone elses drug problem

hegemonies Says:
July 9th, 2009 at 6:26 am

man i want to go …
man i want to go back to school but i know i cant unless i screw myself and let the banks get a payoff on the first loan. THen owe more and default on a hihger debt. So Its a sham im scared ready to get a gun and tell my fellow americans to arm themselves. These christian right wings and mafias shams are destroying the usa

hegemonies Says:
July 9th, 2009 at 6:26 am

The student loan …
The student loan program is just a tenticle of the same beast the christian right flooding the black community with drugs, jews flooding our community with the crime and now these silly criminal banks in this for profit. Educating Americans is not a for profit business its time to arm our selves

hegemonies Says:
July 9th, 2009 at 6:26 am

Yo This is crazy …
Yo This is crazy man I see so many people taking out 20k to get a nursing certificate in a year wen they can do it for 4k in two years with all pell grants. Man I feel sorry for these people

hegemonies Says:
July 9th, 2009 at 6:26 am

this is pure …
this is pure opresion its tie to get our guns. They want people to default because they get paid on the debt. After yo uconsolidate. They want you to default as much as possible so they keep getting paid on the debt over and over. And the more you do it te more they make y 6k loan is 24k and they want me to consolidate so i can go back to school but i know they will plot a default so they can get paid on the 100 k it will be if i defaulted then consolidate again if i consolidate today they will

hegemonies Says:
July 9th, 2009 at 6:26 am

u must be one of …
u must be one of the bankers. A christian right with nut case. That run most of these shams Enslaving people giving loans to people that have no business with them. Or for chessy schols for a happy meal certificate. Im warning many about this bs. They are chargint 15k to learn office to high school drop outs

hegemonies Says:
July 9th, 2009 at 6:26 am

the problem started …
the problem started when the gov decided to find a way to educate americans and all the christian pirates found out about it so now its a 20/80 split the people get 20 cents for every 80 cents on there education or just the whole sham

hegemonies Says:
July 9th, 2009 at 6:26 am

student loans are a …
student loans are a sham because they dont care if u default cause they get paid anyway over and over and over and over. Its a kkk sham go investigate the compaines running it its all a sham. If the gov is gurantee the loan why dont they just make college free. So america can be Strong. These dumb s are enslaving americans

Mardasee Says:
July 9th, 2009 at 6:26 am

The easy money …
The easy money loaning practices that is happening, it’s like shoving a bottle of alcohol in front of an alcoholic. I see a 50/50 fault for this debt problem and the way I believe it should be solved is with a Chapter 13

wonkawolf Says:
July 9th, 2009 at 6:26 am

Please, if you are …
Please, if you are going to criticize, do a little more research first. Don’t come to the table full of ignorance acting as if you’re so bright.

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