Tag Archives: Student Loan Justice Org

Alan Collinge at Student Loan Justice Org. is showcasing on Facebook various people who still have student loans even after the small loan relief. With these student loan holders, the ten or twenty thousand will go to fees, interest, and penalties as they exist or as rolled into loans. Very little (if it does) will touch the loan origination amount. The funds become gifts to the loan industry which originated the loan or the present holder of these...

I have been bugging Alan at Student Loan Justice to talk more about Student Loan interest, etc. accumulating on these loans. As you can see it is not unusual to accumulate more interest or other costs than the original loan amount. It is also not unusual for the servicer to collect interest before paying down the principal. These loans will be with these people forever and to their graves. I do not know of any consumer loans...

Alan Collinge’s Student Loan Justice Facebook page. I keep talking about how the consolidation fees, late fees, forbearance interest, etc. and the interest on the previous adds up over time. Pretty soon, it surpasses the original loan balance. There are probably worse examples of this occurring. As it is, the non-principal payments are more than twice the original principal. The original loan was $105,000. As you can see there is ~$81,000 in...

An Intro and some history: Alan Collinge at Student Loan Justice Organization. Alan has collected 1,065,931 signatures on his petition asking President Joe Biden to cancel student loan debt. His new goal is to reach 1.5 million signatures. If you believe in the cause you should sign his petition. Petition · President Biden: Cancel Federal Student Loans, and Return Bankruptcy Rights to the Rest. · Change.org Just a signature is all Alan is...

“Americans stress over ‘unshakeable burden’ of student loan payments,” The Guardian, Michael Sainato, May 2020 The nation can alleviate one person of their debt multiple times; but, it can not do so for the younger contingent consisting of minorities and white former students who would add to the growth of the economy if freed. Much ofd this debt consists of usurious penalties, the interest on those penalties, forbearance interest and the interest...

There are those who always raise the issue of “I paid for mine, you pay for yours. I know of no other debt created by borrowing money where the penalty is a life time of servitude and the means of retirement in Social Security is also attached too. Principal remains untouched and whatever money paid goes to interest atop of interest and penalties. By the time salary catches up and if it does, the interest and penalties have grown. Allen...

There are those who always raise the issue of “I paid for mine, you pay for yours. I know of no other debt created by borrowing money where the penalty is a life time of servitude and the means of retirement in Social Security is also attached too. Principal remains untouched and whatever money paid goes to interest atop of interest and penalties. By the time salary catches up and if it does, the interest and penalties have grown. Allen...

First a story, then an introduction to Alan Collinge of Student Loan Justice Org., and finally some cold hard facts from Alan about what is happening to millions of people who have student loans. Your Angry Bear blogger and activist went to a garden party in Michigan in support of Democrats and Senator Debbie Stabenow pre-2018 election. I had donated to the Democrats and directly in support of various county, state, and federal candidates. Since I had...

[embedded content] Friday, November 20, 2020 3:00 PM (EST) Student Loan Debt Crisis Panelists include: PAUL GRONDAHL – Director New York State Writers Institute (host) MATT TAIBBI – Author, Rolling Stone Magazine, Reporter (moderator) Michael J. Camoin – Videos For Change Productions, SCARED TO DEBT (filmmaker) ALAN COLLINGE – Founder of StudentLoanJustice.Org (activist) CATHERINE AUSTIN FITT – Investment Advisor (former Sallie Mae ) THOMAS BORGERS – Wall...