You can now watch the whole movie for free on our website at www.defaultmovie.com Upcoming Screenings: June 7-9 2011 in Chicago @ NCTC National Conference: M…
Video Rating: 4 / 5
If you thought you were alone in your overwhelming *student loan debt”,
this video will prove you wrong.
Let us help you *stop student loan default* or simply to reduce your
Default: the Student Loan Documentary (Trailer)
Because that’s the new mantra in this country, go to college and get a
degree, any degree, or else you will fail in life, don’t even think of
going into a trade or you will end up a wifebeating alcoholic min wage
loser, so these kids feel like they have no other option but to take out
the loans and get that piece of paper or they feel like they won’t even
have a chance, and people who should know better fall for it. It’s a scam
but one that is being perpetuated at the very top.
God help us
Thank God for the new IBR (Income Based Repayment) program for federal
loans or they would still be in default. Unfortunately, for private loans
lenders and collection agents ask for hundreds to thousands of dollars and
won’t even consider bargaining with you.
I say we all just take out student loans and then leave the country with
the loaned money hoorayyY!
@pat206387 You must work over 80 hours a week in order to pay back student
loans?? That’s truly sad! As for me, I’m on an “Income Sensitive”
initiative program myself so I still have time to eat, sleep, remember what
my house actually looks like or whatever. Well, I owe about just $20,000 in
student loans, but that is still a plenty, isn’t it?
They say the part of your brain that has the ability to predict the
consequences of your actions isn’t fully formed till your 25 years old. Yet
they allow a young person who is just 18 and right out of highschool to
take out thousands of dollars worth in student loans. I think its just
taking advantage… All that aside. Education should be free for everyone.
You pay for the quality of your education. If you have more money you get a
better education from preschool-college. It is criminal.
@orrin4 Not talking about this video on youtube. I mean the full
For all those who argue they don’t want their tax dollars to go to student
loans guess what? They already are! What do think bails out Sallie Mae when
students default?If it takes a lifetime to pay off a student loan, what
makes you think you can just save up for a few years and pay for it? Don’t
be so blind to others situations. Not everyone is living the fun and fancy
free life that movies advertise in college or after college.
How do people get into owing 90,000 in debt. This is just stupid. These are
the same people who voted people in Washington and have that attitude that
” Hey lets just keep throwing money and it will be fixed.” The lady at the
end us stupid. We are letting too much idiot people into college. So that
problem has been created by this idea that everyone should go to college
and must even if you are stupid as a rock.
@NoXiousBLD try watching it in another browser?
Yeah, college is expensive, but ALL students need to understand and accept
what they are getting themselves into BEFORE they sign up for all these
loans. And college isn’t designed to help you find a job, its only there
TECHNICALLY to give you an education. If you want to learn a skill, go to
vocational/technical school. The economy is total SHIT these days, so it’s
a gamble to “invest” in an education. I don’t think it’s worth it these
@SilentTrama It’s a trick. First, the federal government backs student
loans, making them more accessible. Second, universities raise tuition in
response to all the new students. Third, the job market crashes because of
too many graduates. Fourth, the federal government declares student loan
debt unforgivable. Lastly, people with unforgivable debt are slaves to the
debt holder. That is, they owe the products of their labor (money) to the
debt holder. Clever girl…
@td31g also you have until august of 2011 to submit your fafsa. Hope this
@VeNeM999 Military is the best deal out there.
You can say those who have borrowed should have known what they were
getting themselves into, and you’d be right. That however is not helping
the current problem. The answer to the trillion dollar question is not
woulda shoulda coulda.
To those of you that now have a degree and a lot of debt…is it worth it?
People stuff the idea that we have to go to school, get a degree, get a job
etc etc etc…for me I am happy I went have have my engineering degree and
after savings lots my debt is paid off. So I would say that the student
debt was worth it. What about you?
professional photographer as a education? uhhh..no!
They should stop having degrees in college that are unmarketable.
It’s you choice to get a loan. So no it’s not corporal responsibility. it
all starts with you.
Simple Rule: Never borrow more than what you expect to make in your first
year after graduation. A prime example of what’s wrong with student debt @
Is this just a preview of the documentary or is this the whole thing? If it
is just a preview…when and where can I see the entire documentary? Please!
Let me see if I understand you correctly, the great equalizer only applies
to the wealthy and the American Dream ought to be inherited. Nothing is
earned anymore, its inherited. That logic will create a society where YOUR
brain surgeon isn’t their because of their skills and abilities but rather,
their families ability to finance their education. Sounds like a very
inefficient use of human capital. Let people discover where their talent
lies and then go pursue their dreams and keep money out.