The Beast That Swallows Its Young

Uploaded by: kresling
Video Description:
Consider defaulting on your college loans.

Tags for this video: College debt education folk kresling loan mae sallie school Student ukulele university

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"Either you ... ( 1 month ago by jasonnm72)

"Either you shouldn't have gone or should've picked a better degree"- absolutely. You are absolutely 100% right. My attitude would be exactly the same as yours if students were merely forced to pay back what they rightfully owe. The problem is that penalties added to defaulted loans are well beyond reason. I'm sure we both agree that someone shouldn't borrow money they know they can't pay back, but what is a fair punishment for that error in judgement. Today the punishment is PERPETUAL debt.

They want to sell ... ( 1 month ago by jasonnm72)

They want to sell us on the idea that these penalties are based on deterring people from dodging their debts but there is a great deal of incentive to loan money to someone who can't pay you back in a timely manner. Its the same strategy that was used on poor people in the past to lock them into a life of indentured servitude. What do you think is a fair punishment for such a mistake? Double what was borrowed? Triple? As someone who is not in debt you're opinion on this issue is valuable.

The Eighth ... ( 1 month ago by jasonnm72)

The Eighth Amendment was added to the Constitution to protect criminals from cruel and unusual punishment and excessive fines, otherwise the government could see fit to execute somebody for shoplifting. The shoplifter is no less wrong but would you chastise him as he is strapped to an electric chair? The student loan industry's close ties to the federal government empowers them to violate the same principles that the 8th amendment was established to uphold and people's lives are being ruined.

I keep coming back ... ( 1 month ago by timtba)

I keep coming back to watch this. It looks and sounds brilliant. And I still can't get over how the system works in the US. In the UK, student loans are repaid through the tax system and anything outstanding is written off when you're fifty. No threatening phone calls!

i would buy that ... ( 1 month ago by VENGEVENGE)

i would buy that for a dollar .99 cents

Can the textbooks ... ( 1 month ago by FrontalTraction)

Can the textbooks really total $50,000!?
Wow, just wow.

Wow, did you go ... ( 1 month ago by dmed312)

Wow, did you go default on your loans? Like, wait until the student loan companies themselves were done calling you and then you get call from collection agencies.

Exactly, who needs ... ( 1 month ago by cyberpimp29)

Exactly, who needs a good education in this job market anyway. With all the great manufacturing jobs out there like GM, & Ford. Hell, you should have no problem getting a fantastic entry level position at a mulit-million dollar corporation...called McDonalds. Would you like fries with that?

You signed up for ... ( 1 month ago by cyberpimp29)

You signed up for the loans! The money you borrowed was real. You went to school. Get a job and pay them off or suffer the consequences.

I don't think this ... ( 1 month ago by DaughterofJerusalem)

I don't think this guy suffered any real consequences. He is very humorous and creative indeed. Now you cyberpimp29, on the other hand are quite the opposite and friendless, I see.
Great vid kresling!! I'm considering it myself.

Read the first ... ( 1 month ago by jasonnm72)

Read the first paragraph I wrote again.

I think everyone ... ( 1 month ago by kellymkg)

I think everyone should possibly join together and refuse and strike loans, payments etc....let the bitch fall it is a disaster...

SUPER SIZE IT, ... ( 1 month ago by TheSockies)

SUPER SIZE IT, BITCH!!

I went back at 30. ... ( 4 weeks ago by dogdidit)

I went back at 30. So they'd stop calling me. They can't call me while I take some classes...

You know if you ... ( 3 weeks ago by 311herbs)

You know if you dont pay they go after anything, esp for student loans, they have been taking my brothers tax returns for 5 years.

Keep in mind, the ... ( 2 weeks ago by cyberpimp29)

Keep in mind, the people that post here are not interested in the truth. They just want someone to tell them that its not their fault that they refuse to pay back their loan and its ok to steal from people who lend you money.

But they're only ... ( 2 weeks ago by blujufirst)

But they're only Jews! Why pay them back?
Haven't they stolen enough through usury?

Why are they saying ... ( 2 weeks ago by Nogert)

Why are they saying it's in your best interest to call back but I bet you won't.
Don't you have to? I mean if you owe money surely they can just come to your house and takes stuff.

No they will not ... ( 2 weeks ago by 311herbs)

No they will not repo stuff, that message was probably from a bill collector who called him everyday for months with no response. They will tax your tax return, garnish your wages, sue you, anything they can to get the money. Essentially they will ruin your life though, you wont be able to get a car, house, boat, all the good stuff.

In England, if you ... ( 2 weeks ago by Nogert)

In England, if you can't pay off you loan in like 3 years or something they let you off.

"education" is a ... ( 2 weeks ago by palehorsepalerider)

"education" is a much bigger racket than wall street

Array ( 1 week ago by antinazip)

England=civilized
US=sell your mum for a buck

cyberpimp29 get out ... ( 5 days ago by fe2re1)

cyberpimp29 get out your moms basment fucking looser

This is really ... ( 10 hours ago by tsilimon)

This is really really great music! You should be rich! But education should be free......

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