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Student Loan Scams #4547026
10/18/17 10:15 AM
10/18/17 10:15 AM
Joined: Jun 2002
Posts: 19,317
Iowegia - USA
MolaKule Offline OP
MolaKule  Offline OP
Joined: Jun 2002
Posts: 19,317
Iowegia - USA
Office of Financial Aid: Student Loan Scam Calls
Borrowers have reported receiving phone calls, emails, letters, and/or texts offering them relief from their federal student loans, telling them to consolidate and/or warning them that student loan forgiveness programs would end soon. Usually, the so-called student loan debt relief companies offering these types of services don’t offer any relief at all. Often they’re just fraudsters who are after your money. Beware, you never have to pay for help with student loans. Make sure you understand which companies and claims are legitimate.


https://studentaid.ed.gov/sa/repay-loans/avoiding-loan-scams


Reading is fundamental; understanding requires Study and an Open Mind.
Re: Student Loan Scams [Re: MolaKule] #4547029
10/18/17 10:18 AM
10/18/17 10:18 AM
Joined: Sep 2004
Posts: 21,745
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,745
Orlando, FL
Similar scam to the Mortgage Aid during the housing bubble.


Re: Student Loan Scams [Re: MolaKule] #4547037
10/18/17 10:22 AM
10/18/17 10:22 AM
Joined: Dec 2002
Posts: 42,158
New Jersey
JHZR2 Offline
JHZR2  Offline
Joined: Dec 2002
Posts: 42,158
New Jersey
The scam is letting people borrow that much money for worthless majors that can't pan out.

Re: Student Loan Scams [Re: JHZR2] #4547045
10/18/17 10:41 AM
10/18/17 10:41 AM
Joined: Jan 2006
Posts: 2,439
Michigan
stockrex Offline
stockrex  Offline
Joined: Jan 2006
Posts: 2,439
Michigan
Originally Posted By: JHZR2
The scam is letting people borrow that much money for worthless majors that can't pan out.


The scammers are the so called colleges who keep taking the $$$ from these poor folks.

Last few months I was pleasantly surprised to meet females in the 20s who avoided college and went to for welding other non-traditional trades.


Ridgeline, Dmax, Ford 3.5
Oil Whisperer!*Fear the DINO*
Re: Student Loan Scams [Re: JHZR2] #4547048
10/18/17 10:43 AM
10/18/17 10:43 AM
Joined: May 2015
Posts: 1,999
America
Alfred_B Offline
Alfred_B  Offline
Joined: May 2015
Posts: 1,999
America
Originally Posted By: JHZR2
The scam is letting people borrow that much money for worthless majors that can't pan out.


The scam is our lawmakers who designed a system like that because the banks funded their election campaigns.

Re: Student Loan Scams [Re: MolaKule] #4547147
10/18/17 12:23 PM
10/18/17 12:23 PM
Joined: Sep 2004
Posts: 21,745
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,745
Orlando, FL
Education field is no different than Walmart,.... they are in business to offer a service (some highly questionable degree majors) and to turn a profit.

I don't feel sorry for idiots with a Mickey Mouse degree and complain they have no job prospects.

Re: Student Loan Scams [Re: Mr Nice] #4547157
10/18/17 12:29 PM
10/18/17 12:29 PM
Joined: Jan 2008
Posts: 10,821
OH
SatinSilver Offline
SatinSilver  Offline
Joined: Jan 2008
Posts: 10,821
OH
Originally Posted By: Mr Nice
I don't feel sorry for idiots with a Mickey Mouse degree and complain they have no job prospects.


What's worse is someone with a law degree that uses that to become a blood sucking attorney that bills their clients $500/hour. No wonder no one likes them. smile

Re: Student Loan Scams [Re: SatinSilver] #4547165
10/18/17 12:35 PM
10/18/17 12:35 PM
Joined: Apr 2012
Posts: 5,293
MA
Wolf359 Offline
Wolf359  Offline
Joined: Apr 2012
Posts: 5,293
MA
Originally Posted By: SatinSilver
Originally Posted By: Mr Nice
I don't feel sorry for idiots with a Mickey Mouse degree and complain they have no job prospects.


What's worse is someone with a law degree that uses that to become a blood sucking attorney that bills their clients $500/hour. No wonder no one likes them. smile


I used to work in a large law firm years ago. The first year attorneys used to bill out at around $200+ an hour, but the partners were up to 1000+ per hour. Most of those clients were corporate though so they were happy to pay it. It's probably even higher now.

Re: Student Loan Scams [Re: MolaKule] #4547188
10/18/17 12:52 PM
10/18/17 12:52 PM
Joined: Sep 2004
Posts: 21,745
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,745
Orlando, FL
My sister bills $500 an hour as a lawyer, $450 if she feels sorry for client...

Not everyone that becomes a lawyer will make big money. Lots of idiot law grads now trying to sue their school and feel taken advantage of with false claims of 'starting wages' of their law grads.

Tons of kids dreamed of big $$$$ and now only have a piece of paper to show for. My sister does hire new law grads at $30 an hour, for 20 hours a week. She definitely runs them like rented mules and they don't last 6 months working for her.


Re: Student Loan Scams [Re: Mr Nice] #4547197
10/18/17 12:58 PM
10/18/17 12:58 PM
Joined: Jan 2008
Posts: 10,821
OH
SatinSilver Offline
SatinSilver  Offline
Joined: Jan 2008
Posts: 10,821
OH
Originally Posted By: Mr Nice
She definitely runs them like rented mules and they don't last 6 months working for her.


Sounds like a real sweet heart. I bet she doesn't get much business unless she's dealing with drug dealers and other types of criminals.



Re: Student Loan Scams [Re: MolaKule] #4547246
10/18/17 01:47 PM
10/18/17 01:47 PM
Joined: Feb 2013
Posts: 10,899
Phoenix, AZ
Nick1994 Offline
Nick1994  Offline
Joined: Feb 2013
Posts: 10,899
Phoenix, AZ
I get those scam calls all the time at work on my desk phone. I just laugh and hang up.


2015 Hyundai Sonata 2.4L 86k Mobil 1 AFE 0w30 & OEM
2000 Toyota Camry 2.2L 230k Valvoline 5w30 & Fram Ultra
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Re: Student Loan Scams [Re: Alfred_B] #4547249
10/18/17 01:53 PM
10/18/17 01:53 PM
Joined: Apr 2004
Posts: 7,761
New York
pbm Offline
pbm  Offline
Joined: Apr 2004
Posts: 7,761
New York
Originally Posted By: Alfred_B
Originally Posted By: JHZR2
The scam is letting people borrow that much money for worthless majors that can't pan out.


The scam is our lawmakers who designed a system like that because the banks funded their election campaigns.



Do you notice how tuitions keep going up as the government GUARANTEES the loans.....the government is now doing the same thing to health care....


'Journalism is Dead'
Re: Student Loan Scams [Re: pbm] #4547307
10/18/17 03:08 PM
10/18/17 03:08 PM
Joined: Apr 2017
Posts: 441
Utah, USA
28oz Offline
28oz  Offline
Joined: Apr 2017
Posts: 441
Utah, USA
Yep. The costs will always rise to match the money that's available.


-----------------
1990 Nissan 300zx - Castrol Edge Euro 0W-40
2004 Nissan Quest - Pennzoil Platinum Euro 0W-40
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Re: Student Loan Scams [Re: MolaKule] #4547318
10/18/17 03:23 PM
10/18/17 03:23 PM
Joined: May 2015
Posts: 1,999
America
Alfred_B Offline
Alfred_B  Offline
Joined: May 2015
Posts: 1,999
America
How else do you think they can afford to build those football stadiums and pay millions to the football coaches while the professors eke by on food stamps.

Re: Student Loan Scams [Re: Alfred_B] #4547344
10/18/17 03:47 PM
10/18/17 03:47 PM
Joined: Dec 2005
Posts: 10,042
Upper Midwest
kschachn Online content
kschachn  Online Content
Joined: Dec 2005
Posts: 10,042
Upper Midwest
Originally Posted By: Alfred_B
How else do you think they can afford to build those football stadiums and pay millions to the football coaches while the professors eke by on food stamps.

Gee that's one I haven't heard them whining about yet, at least not here in Wisconsin. It's a good one so I wonder how it got missed?

I'll have to send that in so they can add it to their repertoire come budget time.


1994 BMW 530i, 231K
1996 Honda Accord, 263K
1999 Toyota Sienna, 402K
2000 Toyota ECHO, 272K
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