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I Owe $130,000 in Student Loans
nbcphiladelphia.com ^

Posted on 02/10/2012 9:10:15 AM PST by Sub-Driver

I Owe $130,000 in Student Loans

Jennifer Sammartino has a great education and a mountain of student loan debt By Gemma DiCasimirro and Alexis Leonard | Thursday, Feb 9, 2012 | Updated 5:43 PM EST

When Jennifer Sammartino needed help paying for college, she, like many students, took out federal and private loans. Now she’s faced with over $130,000 in student loan debt.

After Sammartino graduated from La Salle University with a Bachelor's degree in Psychology. she had no luck getting a job. She then made the decision to go back to school, hoping that a Master’s degree would bring in more job opportunities.

But graduate school also meant more loans.

Unable to get approved by herself, Sammartino’s parents co-signed for the majority of her loans. Now they could be in serious financial trouble too.

If Sammartino defaults on her loans, her parents could lose their home.

Sammartino, now with her Master’s degree is still unable to find a job in her field. She works as a case manager for special needs children, but her salary isn't enough to pay back all the money she owes for her education.

The debt seems overwhelming to Sammartino. “I would like to be able to pay my student loans, and we know that we have to pay them back,” she says, “But we don’t know where to start.”

(Excerpt) Read more at nbcphiladelphia.com ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS: stuckonstupiddegree; studentloans
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Go figure........
1 posted on 02/10/2012 9:10:17 AM PST by Sub-Driver
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To: Sub-Driver

Great degree????? NO, ONLY at occupy.


2 posted on 02/10/2012 9:12:48 AM PST by org.whodat (Sorry bill, I should never have made all those jokes about you and Lewinsky, have fun.)
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To: Sub-Driver

Go see oba mao!


3 posted on 02/10/2012 9:13:59 AM PST by US_MilitaryRules (Unnngh! To many PDS people!)
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To: Sub-Driver
After Sammartino graduated from La Salle University with a Bachelor's degree in Psychology she had no luck getting a job.

It's hard to believe she was unable to find a job. I should think the $100,000 per year salary offers would just come POURING in to someone with a Bachelor's degree in Psychology...

4 posted on 02/10/2012 9:14:39 AM PST by WayneS (Comments now include 25% more sarcasm for no additional charge...)
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To: Sub-Driver

There are many jobs out there where she could use her degree. Problem is, they don’t pay that well. That’s also part of the reason so many are unemployed, they think they’re worth far more than they really are.


5 posted on 02/10/2012 9:14:55 AM PST by bgill (Romney & Obama are both ineligible. A non-NBC GOP prez shuts down all ?s on Obama's admin)
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To: Sub-Driver

It’s hard to feel sorry for these morons.


6 posted on 02/10/2012 9:15:04 AM PST by sanjuanbob (Festina Lente)
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To: Sub-Driver

No matter how much information you pour in the head of a fool, they are still foolish. Seriously, would you hire someone to work in your company that has been able to run up a six figure deficit in budget even before they got a job?

That skill is only valuable to Obummer and his staff.


7 posted on 02/10/2012 9:15:11 AM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: Sub-Driver

She could hit up Gorilla Monsoon for a loan.


8 posted on 02/10/2012 9:15:21 AM PST by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: Sub-Driver
So...here we have a "person" with a master's degree....and they can't figure out "where to begin" in paying back their loan.

Ya just gotta LOVE American education!

9 posted on 02/10/2012 9:16:11 AM PST by Logic n' Reason ("To keep you is no benefit; to kill you is no loss.")
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To: Sub-Driver

Three’s the charm. Go to trade school and become an electrician or plumber.


10 posted on 02/10/2012 9:16:15 AM PST by goldi
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To: xsmommy; SoothingDave

I would have thought that her dad’s wrestling career would have been able to spring for college.


11 posted on 02/10/2012 9:16:39 AM PST by Explorer89 (And now, let the wild rumpus start!!)
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To: Sub-Driver

Jennifer made several very costly mistakes.

First, she pursued, and obtained a degree in psychology. Did she ever investigate what she could do with that degree? Obviously not.

Second, Jennifer must not have taken a single economics class for her degree. If she did, she’d have gone to a less expensive school, and been more judicious about using loans.

And, to compound the issue, she went back for a very expensive Master’s degree, that had the same apparent value as her UG degree.

Guess what Jen? That’s how life works, you make mistakes you pay. The bigger the mistake, the more you pay. Shut up, quit crying, pay your loans.

BTW, I do think college is hugely overpriced, but you can get a UG degree in something useful, from a decent school, using a community college for around $20k.


12 posted on 02/10/2012 9:17:14 AM PST by brownsfan (Aldous Huxley and Mike Judge were right.)
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To: Sub-Driver

Wow! All that money, and nothing buyt a bachelors degree in psychology?

No wonder our country is in such trouble. Anyone who chooses a degree in psychology and then spends $130,000 to get it deserves to be at the lower rung of the econonic ladder.

Our post HS educational system is totally broken and is being run like a mafioso job. A total shake down of the federal treasury to educate the masses in trivial subjects that make the atudents feel good about themselves.


13 posted on 02/10/2012 9:17:26 AM PST by Gumdrop
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To: Mr Ramsbotham

This is the new light coming in the tunnel for taxpayers...how do you think these loans are going to be repaid? Look in the mirror, this is the next bailout.


14 posted on 02/10/2012 9:18:18 AM PST by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: goldi

“Go to trade school and become an electrician or plumber.”

She’s not that smart or talented. People can make fun of electricians and plumbers but they can’t keep up.


15 posted on 02/10/2012 9:18:37 AM PST by CodeToad (NO TAXATION WITHOUT REPRESENTATION!!!)
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To: Sub-Driver

She’s just following the Obama/Biden plan for borrowing her way into prosperity. That was really brilliant planning. I have a loan and can’t pay it back. So I’ll get another loan and go to school some more and go deeper into debt on the hopes that in the future my degree which I can’t find a job for now will get me a job then. Worked out well for you, didn’t it.


16 posted on 02/10/2012 9:18:57 AM PST by Train Collector (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.)
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To: Sub-Driver
... we know that we have to pay them back,” she says, “but we don’t know where to start.”

This is a person with a $130K Masters Degree in Stupid.

17 posted on 02/10/2012 9:19:02 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Sub-Driver

If she gives Uncle Sam 4 years of her life then I think the US Military has a Student Loan re-payment program.


18 posted on 02/10/2012 9:19:21 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: Sub-Driver

Seems to me a ‘master psychologist’ that can’t manipulate someone into paying her loan hasn’t learned all that much about psychology...


19 posted on 02/10/2012 9:19:28 AM PST by mrsmith (So... how's the Tea Party nominee for your House seat doing?)
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To: org.whodat
Great degree????? NO, ONLY at occupy.

Actually, I've done quite well with these degrees. I'm a few years from retirement and have had a good career working in social work, banking and the defense industry. In retrospecty, it's been very "rounding" and has give me insight to lots of different people and opinions.

20 posted on 02/10/2012 9:20:38 AM PST by rhombus
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To: bgill

Well, that’s because she is now “overqualified”, a stupid statement if there ever was one! It’s hard to feel sorry for the people who think/thought a college degree was a guaranteed job. And to think the drums are still playing the need for a college degree and encouraging the young and uninformed that they should take on further debt. That house of cards is soon to tumble down.


21 posted on 02/10/2012 9:21:07 AM PST by pepperdog (Why are Democrats Afraid of a Voter ID Law?)
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To: Sub-Driver

” She then made the decision to go back to school, hoping that a Master’s degree would bring in more job opportunities. “

...or perhaps she just wanted to defer repayment.


22 posted on 02/10/2012 9:21:34 AM PST by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: org.whodat

Psychology is the new religion. It reveals the “Truth.” Those who administer it are doing ugly work of Altruism, work no one else will or can do. They feel they deserve fair compensation and benefits and a title worthy of their sacrifice. Who will save us from them? Most who enter this field are trying to figure out why they are unhappy.


23 posted on 02/10/2012 9:21:47 AM PST by LoneRangerMassachusetts (The meek shall not inherit the Earth)
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To: org.whodat

Psychology is the new religion. It reveals the “Truth.” Those who administer it are doing ugly work of Altruism, work no one else will or can do. They feel they deserve fair compensation and benefits and a title worthy of their sacrifice. Who will save us from them? Most who enter this field are trying to figure out why they are unhappy.


24 posted on 02/10/2012 9:21:53 AM PST by LoneRangerMassachusetts (The meek shall not inherit the Earth)
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To: Sub-Driver

When I went to college (the back axxed way) before military, I had a kid and a wife and worked 40hrs. College was much more affordable then 1963.

Today kids need to strategize at a young age (preconception). They need to plan then and pick and win the parent lottery...i.e. choose parents with enough money that they can comfortably send you to Harvard, etc, so you don’t come out with 6 figures in debt. If your parents have money, these problems go away. So have some personal responsibility and pick your parents wisely...LOL.

Seriously, I feel bad for the many young people today that must go deeply into debt while the crooks in our government are taking good care of China and Wall St.


25 posted on 02/10/2012 9:22:30 AM PST by apoliticalone (Honest govt. that operates in the interest of US sovereignty and the people, not global $$$)
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To: Sub-Driver
She had herself a prolonged childhood and a super party while a student... while on borrowed money.

It's not to difficult to see that she didn't ever consider WORK to meet her obligations

It took me a lot longer to complete college because I didn't apply for loans. I worked the whole way through, stopping and starting when I had or didn't have money enough. I also worked DURING school.

It was NOT a party for ME!! It was hard work but when I graduated, I didn't owe a penny to anyone!

How immature and selfish are these people??

26 posted on 02/10/2012 9:22:53 AM PST by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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To: Sub-Driver

Dear Jennifer

You need to see a “psychologist”


27 posted on 02/10/2012 9:23:56 AM PST by FreedomGuru (Oil is as natural as daises and rainbows.)
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To: Sub-Driver
My son just started college, at the local community college. I explained to him the difference between a job and a hobby. I only asked him to determine what marketable skills his choice of education would provide.

He immediately switched from "Liberal Arts" to "Computer Engineering Technology" and is considering a further switch to "Electrical Engineering".

28 posted on 02/10/2012 9:24:04 AM PST by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: Sub-Driver

lemme see. borrowing 130k to get a degree in which one cannot find a job. but borrowing more to get a more advanced degree in the same field is gonna cure it?

am I the only one here who sees the parallel here?


29 posted on 02/10/2012 9:24:14 AM PST by camle (keep an open mind and someone will fill it full of something for you)
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To: Sub-Driver

Let Buffett pay for it.

Or his secretary.


30 posted on 02/10/2012 9:24:20 AM PST by A_Former_Democrat (MERRY CHRISTMAS to the ACLU)
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To: Sub-Driver

dumb college graduate.... dumber parents.... sorry but I just cannot seem to gather up any sympathy at all


31 posted on 02/10/2012 9:24:45 AM PST by joe fonebone (Project Gunwalker, this will make watergate look like the warm up band......)
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To: Sub-Driver

You can get through school debt free, if you want to work, take your time, and utilize various tactics to cut costs.

This indebted person just did it the hard way. Here comes reality, frowning and carrying a big stick.


32 posted on 02/10/2012 9:24:45 AM PST by lurk
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To: rhombus

“”””””””””Great degree????? NO, ONLY at occupy.

Actually, I’ve done quite well with these degrees. I’m a few years from retirement and have had a good career working in social work, banking and the defense industry. In retrospecty, it’s been very “rounding” and has give me insight to lots of different people and opinions. “”””””””””

Times have changed. Now we have a zillion kids with degrees and no common sense or, more importantly, a good work ethic.


33 posted on 02/10/2012 9:25:01 AM PST by shelterguy
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To: Sub-Driver

Don’t wind up with a daughter with a Bachelors in Psychology. Get Direct TV.


34 posted on 02/10/2012 9:25:16 AM PST by Freedom_Is_Not_Free
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To: Sub-Driver

Whenever you pour a gallon’s worth of information, into the mind with a capacity of a shot-glass; you are probably gonna spill a little.


35 posted on 02/10/2012 9:25:16 AM PST by Hodar ( Who needs laws; when this FEELS so right?)
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To: Sub-Driver

This woman should have been able to figure this out up front, with a third grade education. Don’t saddle yourself with education debt for a degree that won’t support you let alone repayment.

During my life I have come into contact with a number of psychologists. It’s my sad duty to report that with the exception of one or two of them, they were all bigger ding-bats than many of their patients.

Why is it with so much education with regard to normalcy and what isn’t, that these folks are so eccentric, no strange, and unable to pick mates that won’t leave them at a rate higher than the public at large?

A few of them have actually concerned me, wondering how in the Sam Hell a person that wigged out, could possibly do anything other than F up other wounded souls by merely coming into contact with them.

Physician, heal thyself...


36 posted on 02/10/2012 9:25:57 AM PST by DoughtyOne (Abortion? No. Gov't heath care? No. Gore on warming? No. McCain on immigration? No.)
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To: Sub-Driver
So she double-downed on a “profession” with poor job prospects and put her parents’ life savings at risk.

This person is both a voluntary moron and likely registered Democrat.

37 posted on 02/10/2012 9:26:05 AM PST by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: WayneS

Indeed maybe she should have taken up welding.


38 posted on 02/10/2012 9:26:10 AM PST by Vaduz
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To: Sub-Driver

Object lesson No. 1: Do not, do not, do not cosign student loans.

I have the same reaction to this student’s predicament as I did when watching a woman complain the other day about her $320,000 house forclosed (when her and her husbands’ combined salaries were $50,000/year).

You gotta be kidding me...


39 posted on 02/10/2012 9:26:29 AM PST by sauropod (You can elect your very own tyranny - Marc Levin)
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To: Sub-Driver

These kinds of stories increasingly annoy me. What parent sends their kid off to a priviate school to get a degree that typically leads to jobs that don’t pay well? A state college would have cost half that amount. If mommy and daddy have the $$$ to support this, great! I have no problem with that what-so-ever. If they don’t, then why in the @#$% would you go to a college that costs $40K/year?

Had the ‘kid’ done even a basic study of expected salaries and done some simple math regarding tuition, this situation would have easily been avoided, or accepted, quietly.

Now they will whine to the Gov’t who will find a why to shift this mistake on to the tax payers... which will BREED MORE OF THE SAME PROBLEM! When mistakes have no consequence, we don’t learn. When the gov’t constantly saves us from our own mistakes, we don’t learn.

BTW, I have 2 10th graders. We are already having the obvious converstaions to avoid exactly this problem. This is simple reality. My kids will know the situation going into it: you’re starting with this many $$’s... choose wisely.


40 posted on 02/10/2012 9:26:29 AM PST by mad puppy (Ok, I will start to consider Rick more seriously)
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To: Sub-Driver

No education is worth 1/4 of that amount, what a ripoff ... She needed to see a psychiatrist herself before deciding which field to go into ....


41 posted on 02/10/2012 9:27:25 AM PST by Scythian
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To: Sub-Driver

Seeing more stories like this...no coincidence. We are about to be told that it will be ‘better for the economy’ if these loans are forgiven.

I expect some form of this to be announced at the DNC convention.

These stories are just supposed to make us feel sorry for these lost clowns...and soften our position.


42 posted on 02/10/2012 9:27:33 AM PST by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: lurk
You can get through school debt free, if you want to work, take your time, and utilize various tactics to cut costs.

BUMP!! That's what I did. Took a while, grades suffered, but I earned my degree in Engineering the hard way. I stocked shelves, I mopped floors, I checked people out at the register, I unloaded trucks and I delivered pizza. Wasn't easy, wasn't fun - missed out on a lot of social and party events .... but I did it.

43 posted on 02/10/2012 9:28:10 AM PST by Hodar ( Who needs laws; when this FEELS so right?)
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To: Sub-Driver

Jennifer and her parents should have looked at this more realistically from the beginning. In the first place, a BS, or BA, in Psychology will not get you a job anywhere — never has.

I managed to put 4 kids through college with no loans and no savings and a single parent income. Pay as you go. 2 of them went on the Grad school. Most of them went to State schools. Only one had a small scholarship for her last 2 years of undergraduate work.

But, I remember asking a neighbor 2 years before my kids started college, and they were all set to take every dollar they could get their hands on for their 5 kids. And they treated them to fancy cars, etc. with their own money. Need I mention that those kids turned out to be money grubbing Democrats? ‘Nuf said.

If you have your heart set on the Ivies and are not independently wealthy, you are setting yourself up for heartbreak.

I’m pleased to announce that my oldest grandson has just started college and there are no plans for him to take student loans either. I hope the other 10 do as well.


44 posted on 02/10/2012 9:28:34 AM PST by afraidfortherepublic
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To: Sub-Driver

Good grief. That’s more than what I paid for my house.


45 posted on 02/10/2012 9:29:32 AM PST by Catmom
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To: Sub-Driver
Ummmmmmm... Penn State Abington (near Philly) charges $12,242 per year tuition for PA residents. LaSalle charges $17420 per semester.

1 year at LaSalle= 2.8 years at Penn State.

Go to Penn State. Live at home. Work part-time. Really, the problem isn't all that difficult unless they stopped teaching basic arithmetic in Pennsylvania schools.

46 posted on 02/10/2012 9:29:32 AM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Sub-Driver
Bachelor's degree in Psychology.

Welll ....

There's your problem, right there.

47 posted on 02/10/2012 9:29:32 AM PST by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: Sub-Driver

Expect to see more of these sob stories as people push “student loan forgiveness” (which should happen right about the time I finish paying mine off).


48 posted on 02/10/2012 9:29:40 AM PST by Drew68
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To: sanjuanbob
It’s hard to feel sorry for these morons.

It's impossible for me to feel sorry for them.

49 posted on 02/10/2012 9:30:07 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Vaduz

She could have made some real money doing that. I worked in a steel mill.

Ugly business, but it paid well.


50 posted on 02/10/2012 9:30:12 AM PST by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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