I keep my phone on silent these days. It's not that I don't love talking to student loan bill collectors. They're awesome. They ask things like, "So why are you late with your payment?" "Well, you see I make a limited amount of money each month, and most of it goes to rent, utilities, groceries, you know, all the things I need to survive. Right now I don't have the extra funds to pay the loan. I'll make the payment next week." Then they say, "Well, we have to keep calling you and sending you letter until you pay." I think that's great. It shows they care. I don't get many phone calls. I enjoy listening to that automated "Sorry you missed our call, Please call us at --- --- ---".
If you have a private student loan, you're screwed. Silly me, thinking I could earn the salary to pay it back with my college education. Now, I'm not trying to wriggle my way out of paying. Contrary to this blog, I'm pretty responsible with my money. But the rules changed. Once upon a time they had this nifty option called a 'payment plan'. Say it with me children, 'pay-ment plan'. You'll never hear about those again. No, our hard earned money is too valuable to be rationed out. These corporations need the full payment on time, every month. They need to survive. They just filed for bankruptcy. They need OUR income! Don't you understand? The government bailout wasn't enough.
So here I am, cozying up to the folks in the collection office. We're all on a first name basis. One big happy family, for now. And when my paycheck comes, a chunk of it goes right to you my lovely student loan corporation *. You own my soul. You are my second husband. (Polygamy is still illegal, isn't it?) Until payday, honey.
Now, I implore you, dear reader, who needs a loan shark when you have student loans? Then again, loan sharks have the good taste to kill you when you don't pay up. Student loans turn you into a serf for the banking feudal system.
*Company name withheld, not to protect the innocent, but to protect me from a law suit.
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