[Vn_survivor_67-68]

a graphic designer making $1,400 a month

LOL.....ABC should have gotten a degreed basketweaver to exploit :)

[mnehring]

$1200 a month for student loan payments???? WTF.. the combined payments for my wife and my student loans for our bachelors and masters are far less than half of that. She doesn’t need to complain to the media, she needs financial advice and some good refinancing.

[Jaysun]

"....Nicole Gibson, a graphic designer making $1,400 a month, who pays $1,200 a month toward her student loans."

She'd have been better off taking a job at Burger King. We can't protect idiots from themselves.

[aberaussie]

With a payment like that, I wonder what her total indebtedness is. My daughter has a student loan to pay and her payment is less than $175 a month. Of course, she had academic scholarships and we paid a portion, so she did not have to borrow her entire cost.

I can't imagine getting a degree that costs $25K a year so that I could work for $1400 a month.

[rednesss]

I work in financial aid, there are essentially two student loan programs. One is called the William D. Ford Federal Direct Loan Program(Direct Loan) which is funded by Uncle Sam. The other is the Federal Family Education Loan Program(FFELP) which is funded by private lenders. They are identical to each other, by law, except for where the money originates from to fund the loan, the government, or the banks. Almost all are sold off to the secondary market eventually to be serviced by, most likely, Sallie Mae. The programs used to have about equal market share but the Direct Loan program seems to be winning the battle as schools choose to be Direct Lenders more often than not. Now there is also the Perkins Loan program but those are campus based and are dwarfed by the other two. All are capable of being consolidated.

Rochester is a Direct Loan school so the only other loans that she could have taken out are called alternative loans. These are loans made by banks to credit worthy individuals for educational expenses. Students can rack up quite the bill if Mommy and Daddy co-sign on an alternative loan. So unless she had an alternative loan, the big, bad government is the one that lent her the money, not a private bank.

[17th Miss Regt]

ABC should stick to evaluating side impacts on vans, something they are well qualified to do.

[SIDENET]

“I’ve got to sacrifice food on my table and I don’t think that’s a fair option,” said Gibson.

At least maybe she'll be thin.

[weegee]

And what of the high tech degree jobs for engineers? Who see their paychecks in competition with cheaper H-1B Visa applicants courtesy of Bill Gates (D-Billionaire)?

An education is an investment in your future. Sometimes that investment is undercut by shady business practices.

But the schools get their money either way.

[ridesthemiles]

She applied for the loan.
She attended the school(s).
She now has a job and doesn’t understand why she has to pay the money back per agreement?
If I take out a $4000/month house loan on a Soc Sec check of $960, and then don’t want to pay the money back, May I do that???????

[JoeSixPack1]

What am I missing here?

Students don’t pay off or even make payments for school loans until they drop below ‘full time student’ status, so how can she have any payment at all?