Comments for: Rally by OccupyMaine marks skyrocketing student loan debt

Posted April 25, 2012, at 8:16 p.m.
Last modified April 26, 2012, at 6:16 a.m.

PORTLAND | Members of OccupyMaine gathered in Monument Square Wednesday to recognize what student protesters across the country called “Trillion-dollar Day,” as student debt in America reached the 10-digit mark. The occupiers — who as a group have remained active since the city-ordered dispersal of their 4-month-old tent community …

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  • Anonymous

    I had to get school loans and guess what?  I paid them off!!!  I’m tired of everybody wanting everything for nothing!!  There are cheaper schools out there if you don’t want any school debt, or join the military.

    • Anonymous

      That’s because you are very very special!

      It’s 2012, there’s a been a big increase in tuition since 1962.

      • eyevabigun

        And a big increase in income as well (and the expectation of a college education) since “1962”‘ Oh sarcastic and smarmy one! I believe the income THEN was 1500. house was 6500, and a car was 3000 plus or minus. What is it now?
        While there has been a GROSSLY disproportionate increase in tuition, the expectation of getting a useless ‘liberal arts’ degree is also out of this world! Educate for a job with a promising income before you sign up for it? You (or jo daddy) pay for it!

        • Guest

          You’re comment doesn’t make sense. How many young men and women know what kind of job they want at age 18 and let alone…………know if they can make a living in that field?

          • Guest

            That’s the conudrum of youth that the parents have to help them with. We’ve all been through it and dealt with it, but a free education in a non-saleable fine arts education (IN MAINE?) is not a ‘deserved’ right!

            I spoke English; what, exactly, doesn’t make sense pray tell?

          • Anonymous

            If you don’t know – don’t go!!!  Nothing wrong with waiting until you do know and working for a couple years instead of going and playing and not have a clue!

        • Anonymous

          Why don’t you ask Maine’s ex-governor Republican John JOCK McKernan why tuition is so high?

          Have you hear oh wise and smart one the government is suing his for profit colleges for FRAUD???????????
          http://www.nytimes.com/2011/08/09/education/09forprofit.html

          • Anonymous

             SO it’s McKernan’s fault that tuition at UMO has increased at twice the rate of inflation for the past 20 years? 

          • Anonymous

            Did you read the article?  It’s about the cost of tuition not UMO.

            If Jock and his company are gaming the system for their own personal gain (FRAUD) than he is part of the problem.

          • Anonymous

             k, sure, we will  convict him here, he’s guilty. Now what do you say about the real cause of this problem, the  other 99.99999% of  colleges and Universities?

          • Anonymous

            Try UMO’s fault for SPENDING!!!

          • Guest

            AHHH, just what price of tea in China are you Shouting About?I would hope that this a forum for a more informed and less emotional discourse and NOT for THAT immaterial RANT reply to my comment. Read it again tomorrow, and if you still think it’s still relevant, then what can I say……

      • Guest

        You’re absolutely right. I graduated in 1996 and I paid 250-300 for a class and now they are over 1,000 a pop. Extreme increase and not always doable for most folks. Mainlymainebangor hasn’t devulged the small amount he/she paid off!!

        • Anonymous

          That’s my point.  And he did not say what year he graduated in!

        • Anonymous

          Graduated in 1995, with a little over $18,000 in loans.  You need to go for a degree that pays, go to a college that you can afford, and work hard.  Don’t cry over not getting a job if you go for basketweaving. 

        • Anonymous

           Interest rates on loans  have nothing at all to do with the increase from 300 to 1000, none what so ever.

      • Anonymous

         BINGO!!!!
        Tuition has gone up, through the roof. Liberals own this, 100%
        There is a shocking lack of diversity in our colleges and Universities, Liberals  control them from the bottom up, the numbers on this are dramatic.

        • Neo-Liberal control that is. The Johnson Administration started the “get-these-liabilities-off-the-books” policy, Sally Mae adid the same thing and used that capitol to make a financial cluster that is bigger badder and as precarious as the housing bubble. You think it is the students problems – asset backed securities say it is OUR problem.

          • Anonymous

             Explain to us, if you would, how  anything that  Johnson did  way back when or what  Sally Mae did a bit latter  have anything whatsoever to do with the cost of tuition  more than 40 years later. Not interest on the loans or any other distraction,  just tuition.

      • Anonymous

        Then make a statement and don’t go!!  Go to a trade school, night classes, etc.  Target the Colleges that are putting the money into lavish stadiums, student centers, that’s pushing the cost up.  I couldn’t afford College soooooo took a crash course and worked for 12 yrs. as an Admin. Asst. for UMO.  –  Can’t afford it – don’t do it!! 

    • Anonymous

      Did you read the article? especially the part that mentioned the loan rares going up 800% since 1979? 800%. I think you right wingers just parrot the current talking point put out by Fox Entertainment and don’t even care about the facts.

      • Anonymous

         Tell me why, my leftie friend, that tuition has gone up twice the rate of inflation for 20 years or more? Could it be the economic policies of liberal institutions?

        • Anonymous

          Could it be that the more government money you throw at something the more money that something will now need in the future?

          • Anonymous

            They don’t call it the BLOB for nothing…it eats up every available penny and is still hungry.

          • This this case it is the SLABS and we will eventually be hearing about how they were not actually AAA+ rated investments after all.

          • hu?

          • Anonymous

            The educational establishment started getting more and more government money to put students through and when Uncle is paying for something the cost always goes up.
            Get the Government out of  the picture when it comes to the cost of an education and the product will drop off to a level that the market can handle.  Uncle Sam can handle increases so the system costs keep increasing.
            Welfare doesn’t fix the problem, it is the problem.

        • Guest

          Could it be from supporting an ever-expanding, bloated “administrative” cadre?  Sorta like medical expenses?  More the bastion of the right, I’m afraid, but don’t let the facts get in your way.  I always love the “talking point” fear of the masses becoming educated.  Keep ’em down and they won’t have any interest in learning more or competing for the almighty dollar with those that already have. 

          • Anonymous

            I have always associated “administrative bloat” as a liberal malady.  Conservatives like to keep things lean and profitable. As for keeping people down, again, that’s a liberal thing. The liberal plantation mentality is keep ’em dependent on the government dole and they have to vote for you. That has worked for them too.

            The Fact is that Universities are run administratively and otherwise by a liberal mindset and for that matter so are welfare programs. Coincidence that these these things are so costly? I don’t think so.

          • Guest

            Then, I strongly believe, you have “associated” incorrectly.  The right likes all the money for nothing, without contributing a lick.  The asinine growth of administrative pay, ceo’s, top administrators, since the 1960’s to be ridiculous multiples of the production end of things (e.g., educators) points this up.  I gotta laugh at you.  “Liberal plantation mentality.”  I think you’re way, way out of whack in placing the blame there.  And people are people.  You broad-brush “Universities” as all being run with a liberal mindset.  No.  Sorry.  I’m sure there’s a lot of republicans on campus.  Was when I was there.  Just more misleading scare tactics.  Show me a good Republican for Senate and I’ll vote for them.  There isn’t anyone yet, and Anguish the King did nothing for Maine (ya ya, Independent) and won’t this time around, either.  But neither did Jock.  If LeNumbnuts can keep his mouth shut and stop being a bully, pandering to the basest of the right, maybe he’ll accomplish something useful.  Unfortunately, he’s going to hurt a lot of the most vulnerable Mainers doing it. 

          • Anonymous

            Funny. Do you really think that conservatives run universities? Really? Do you think conservatives run the nations welfare programs?  Really?

            Overall, social workers tend to be liberal and Democrats (Abbott, 1988, 1999; Koeske & Crouse, 1981; Reeser & Epstein, 1990; Rosenwald, 2004).

            http://www.socialworker.com/jswve/content/view/36/46/

          • Anonymous

            Leftists own the colleges and universities, and the welfare system.
            You need to get off Big Rock Candy Mountain.

          • Anonymous

             What a crock. Do you really think anyone will believe that you would  ever vote  other than the liberal  line, full on Dem ticket. Please.

          • Guest

            Just like you’d vote a full on Republican ticket whether your candidates espoused pure facism or not.  Brilliant.  Again, it’s great to know that the majority out there thinks about things before they just get in line and start goose stepping.  Never mind.  It’s clear now that you’ve been indoctrinated as much as that other poster – Stillrelaxin’ – is in the other direction.  Anyone that uses a little common sense isn’t allowed to have an opinion.

          • Administrative arguments are the lefties point of view, and there are other points of view that are as short sighted. 

        • It is systemic, not a right and left although the right is really enjoying the tuition hikes and the guaranteed loans; makes great blue ribbon stock when bundled —unless the bottom falls out with mass unemployment. 
            

          • Anonymous

            Did you know that student loans since July 1st 2010 are funded directly by the government? Since that time previously existing student loans though privately held operate completely under government rules regarding interest rates and rules regarding recovery of loans payments including delinquencies. Eventually the private sector will be completely out of the student loan business.

            The thing that libs generally don’t look at is the why of things like tuition hikes.

      • Guest

        well said

      • jimbobhol

        Tuition  rates are up 800% not the loan rates. Must be that new spa or rock wall they put on campus.

      • Anonymous

        How about Colleges looking more like RESORTS than Colleges?????  Can we blame the Colleges themselves a little bit here!!!

    • Anonymous

      They are crying over $22,000.00 in loans? What is her degree in basket weaving? Even basket weavers make over $22,000.00 per/year!

      • Anonymous

        Have you no compassion man? They have to have a smart phone with the max data plan.  You don’t expect a silly thing like student loan payments to impact something important like that, do you?

    • Guest

      NO ONE said they wanted something for nothing…………..I think most folks want a fair price for their education and a loan that they can reasonably pay off in their lifetime………not take it to their grave!!! They didn’t want to get financially raped by unregulated institutions such as Sallie Mae!!

      • Anonymous

         You know, if they don’t like the loan terms they don’t have to take the loans. They are not being raped by Sallie Mae, face it, they signed the loans and Barney “hand out” Frank has retired. Time to pay back.

      • Anonymous

         The institution that is raping you is the college you attended.  The financial institution gave you a repayment plan and an interest rate that you could not find anywhere else for any other purpose. You do understand that even if the interest rate was 2% you’d still have to pay the loan back, don’t you?

        The college calculated what students could afford INCLUDING the loan amount available when setting tuition rates.  If the loan wasn’t available then the rates would go down or the schools would lose students. Please sign up for a class in critical thinking.

    • Anonymous

      And by joining the military we taxespayers can pay for your college too!

  • Anonymous

    I truly sympathize with today’s students. And the job market isn’t isn’t creating the kinds of jobs with the salaries for which they went to school. Recently I started doing genealogical research using the 1940 census. I can’t help but note how many people had to be satisfied with less than an 8th grade education. They wanted so much more for their own children. College became the ticket into the middle class. Now college is becoming a dream many won’t achieve and a nightmare for those who dared to graduate. The middle class is dwindling despite our efforts to hang on. We are looking at the end of the American dream.

  • Anonymous

    The government quest to make college more affordable has worked about as well as the government quest to make housing more affordable. Anyone else sensing a pattern here?  Bueller?  Anyone?

    • eyevabigun

      Kids going into college in NY state are going into summer school and remedial classes just to get op to the sophomore level of high to be admitted. They are doing nothing more than paying for a high school education on grants and loans, then expecting to walk in on the top rung of a ladder that used to have to be climbed…
      Why can’t I pay for this?! Why isn’t somebody else (read us) helping me?! After all, it’s gubmit money!!
      PUULEESE, people. Get real with your expectations!

      • Anonymous

         Thanks to the public school education empire students are graduated from highschool unprepared for college.

        • eyevabigun

          Shirly you jest! ( I can only hope)

          • Anonymous

             1 in 5 Maine students arrive at college with the stamp of approval of the education empire (a high school diploma) and are unprepared for college after the taxpayers spent $130,000 to educate them. The jokes on you, but it’s not funny.

          • eyevabigun

            Sorry old timer, but the joke is on US! No humor with this…

          • Anonymous

             Agree, the jokes on US, but no one is laughing?

          • eyevabigun

            Oh, I think I hear a few snickers in the background…..   

          • eyevabigun

            And I replied to the wrong comment. My apologies. ( but not for the over the top ’empire’ remark).

    • American Dream-as-epic-marketing-tool-of-the-unregulated-financial sector PART II.

  • Tim Carpenter

    College should be free for you and me.

    • lynnette mclaughlin

      Sure , if you pass a test.

    • eyevabigun

      You live a utopian world. Yes, it would be nice if that was free (along with most everything else), but when this overinflated balloon explodes it’s groceries all over you, you’ll wake up to the reality of today and the liability of repayment. Nuttin’s free!

    • Anonymous

      Why should college be free and not food?
      Or for that matter housing, electricity, phones, medical, optical, dental, etc…..
      Everything should be FREE!
      Where do you think your freebies come from?

    • Anonymous

      TEN PLANKS OF THE COMMUNIST MANIFESTO
      Tenth Plank: Free education…..

    • Anonymous

      Go find college professors who will teach you for free.

    • Anonymous

      I have an old, rusty car.   And I want yours.
      Give it to me.

  • Bob

    Colleges waste so much money. They spend millions on sports more than the sports bring in. Less than 1% of college kids play sports. To think we pay taxes for that stuff. I am not saying to not let the kids lay just keep it in budget. Any need to pay a coach $250k a year when the can not legally even train kids in the off season? Spend millions on advertising? Outright lie about statics ? How much more a college grad will make in a life time. If you take family background into account it is not that much. Any reason Harvard should have a 40 billion dollar endowment fund when people go hungry. Someone born into a rich family has at least a 10 times better chance of finishing college than someone born into a poor family .

    • Anonymous

      Speaking of lying about statistics – just out of curiosity, are the numbers and statistics you quote evidence-based, or conjured up mental estimates? A college or university offers the same toolbox to every student that enrolls to that university. What each student, rich or poor,  builds with those tools  is up to them when they walk through the gates. And what they do with the foundation they’ve built when they get their final certificate is also up to them. I would posit that sometimes the most unfortunate students are the MOST successful – because they have the motivation to ascend to a higher standing than that from whence they came.

      • Bob

        Of top colleges like Harvard who have $40 billion dollar endowments Only 5% of those enroled come from the bottom 25% socieconomic classes   5% of people who come from the bottom 25% get 4 year degrees while 80% of people who come from the top 25% get 4 year degrees . So you are right they dam sure do work hard the poor ones that make it. The university in Orono has a $16 million dollar sports budget yet sports only bought in $7 million net loss $( million . Cosgrove makes over  $240k if you count benefits . I think very few of the hockey players come from poor families . A lot of the foot ball layer come fron New Jersey.  Just saying it seems to me like being wasteful of tax dollars.  Maybe my satictics and not exact but a whole lot more real than I get from the schools like Bangor high school only has a 5% drop out rate. Just so misleading it is not funny I would say it is an out right lie  .  Having been told the truth from a school board member no one really knows what the drop out rate is . They keep on reaping the drop out rate is 5% . Every government web site puts Bangor as having one of the highest drop out rates in the state. While 20% of kids drop out in Maine.

  • Anonymous

    I agree college prices have got out of control which is part of the reason why some other things in the united states have got out of control also,like health care and pretty much every thing else. Do you think these kids are going to go to school to become doctors and such and take on big debt for low salaries they can’t that said my daughters are both going to be in debt for college and that is with me helping every bit I can. But I think paying $25000 for a education that no one can take away from you is better than paying $25000 for a new car that you will not have in ten years. Make sure you go to school for something you can use and not just to go to college.

    • Phil (Sumguy720)

      Albeit it would be a great world where one can get a degree out of interest rather than fiscal concerns.

      • Anonymous

        If education is a hobby (not a bad one at that)  do it in your spare time as you can afford it..

  • I hate to be “that guy”, but the reality of the situation is that financial aid (a.k.a. government subsidies) is allowing educational institutions to financially abuse students with ever increasing tuition rates. Why wouldn’t institutions continue to raise their tuition if Uncle Sam is right there willing to promise subsidized/unsubsidized loans and grants? Imagine a world where these funding sources weren’t available. I would have believe that schools would be forced to reduce their tuition costs back to the level that was now attainable for the “average” undergrad. Once again, government subsidies have completely altered free market economics.

    • Anonymous

      You have it Tyler exactly.  In the same way that low-cost, easy, govt.-backed mortgages led to a housing boom, low cost, subsidized college loans and grants allowed colleges and universities to spend and expand like crazy, thereby saddling their customers with debt well beyond what said customers could pay back (and being kids, they didn’t know better.)

      That your comment doesn’t have 20 or more “likes” is sad, though perhaps understandable because your comment was so late in the day.

      The college loan bubble has to pop as surely as the housing bubble had to (thereby letting an awful lot of hot air out of a great deal of overpriced, university and college budgets, overpaid faculty, and overbuilt student centers, recreation centers, and so on.)

    • Anonymous

      You actually just hit the nail right on its proverbial head.  That is exactly that problem with this entire country.  You have companies, colleges in this case, that every single time there is some way to stick it to the government or an insurance company in the case of medical costs…..they DO…they get richer, the goverment gets upset and taxes us more and then turns around and gives them tax breaks up the ying yang to boot.  Meanwhile, the consumer gets NADA, nothing, zip, except higher taxes, higher cost of living and yo-yos on the right that spew capitalism and we should be allowed to get what people are willing to pay regardless of how rediculous they price it.  You are taking the average american OUT of the equation and eventually something has to give.  People cannot afford to send their kids to college.  The kid still wants to go so they get tons of student loans that the banks know there is NO way to pay back.  The banks plead poverty because they arent getting their loans paid back or recieving their multi million dollar bonuses, so they ask the government to help out, which of course they do because the goverment needs to borrow money too…..Pretty sick cycle when you really think about it…Wake up folks cause unless you are the owner or CEO of a big corporation, this effects YOU~~~~!!!!

      • Anonymous

        This is all so true.  I realized when my children were in college that in spite of what colleges will imply to you, they’re not in business to educate young people and prepare them for the world – they’re a business, in business to make money.

        That means they, like any business, take money from whatever sources are available whether it be the students, their parents, or the government (which later has to be paid back by the students – but that’s ‘not the college’s problem’).

        While I admittedly have no idea what it costs to run a college on a per-student basis (do you?) at the same time I think it’s significant that even during the worst of the economic downturn I didn’t hear of even ONE college “folding” because of lack of funds.  That should tell us something!

    • Anonymous

       BRAVO Tyler.

    • Anonymous

       Exactly!! I’ve been saying this for years. Ever since the government quest to make college more affordable began, college has done nothing but become less affordable.

  • Anonymous

    Let us not forget the responsibilities on the schools for enticing high school students with a social scene vs. a real education and accepting students who do not demonstrate the ability to excel and succeed, the government for meddling with any of this to begin with, and students/parents with lack of ability and/or responsibility to recognize that they are limited in their ability to pay for an education they think is ‘deserved’ thus leaving other students (with feasibly repayable loans) holding the bag.
    These things, piggy-backed with lenders who lack responsibility to cut off monies from those who fail to demonstrate scholastic excellence, and repayment schedules that front-load interest resulting in an effective doubling of loan cost,  saddle all students with an insurmountable financial challenge upon departure from higher education.
    This is a multi-faceted issue; ‘predatory lenders’ are only one string in a large, failing net that should be in place to limit damages incurred to unwitting young adults. Towing the line of such limited scope as depicted in this article is more harmful than helpful.  Is the Occupy Movement honestly, or conveniently, ignorant to these other contributory forces? This is an unsubstantial headline, lacking critical analysis, which serves only to perpetuate inflammatory misinformation.

    • Phil (Sumguy720)

      Yeah!

    • Worked at a for-profit that specializes in that.  It is good business to capitalize on people who can not demonstrate academically. But the social scene your stereo typical college social scene. It was more like people in poverty, struggling daily to eat, keep lights on, have a home, desperate to believe that the myth that you can get a job that pays you enough with a degree. Not the party scene akin to Dawson’s Creek but a dramatic one none the less. 
      Also, I was there, occupy covered the driving forces, and multi faceted issue in the demonstration but media wants sound bites, so that is what they print. Would be great to see people like you in occupy conversations.

  • Anonymous

  • Anonymous

    I think almost everyone commenting missed the point. I graduated without any debt in ’66. My daughter graduated in ’94 with a very, very small Stafford loan to pay off. Something has gone seriously wrong since then. I do agree it is a complex issue, but I do not think it is up to students to resolve it. Nor should they bear the burden. If we need a skilled workforce, then we need to educate. We as a country need to solve this problem. There obviously is plenty of money. Look at the millions being collected by SuperPacs who want to buy your vote.  It is not a matter of money. It is a matter of will.

    • Anonymous

      The problem is clear. The university system clearly does not make good use of the monies it collects. The cost of tuition has outpaced  inflation annually for decades. Obviously, like healthcare which has done the same thing the problem is structural. The answer to that problem lies with the system itself not with throwing more money and allowing the problem to continue to grow.
      Maine needs to consolidate its system for instance. Do we really need to have as many schools as we do? Do we really need a Presque Isle or a Farmington? I am sure with current technology many of the liberal arts courses can be done on line. More hands on lab work can be centralized.
      I know that the answer for you lies in taking from others but at some point that becomes stealing.

    • Anonymous

      I disagree – it is not a matter of will. It’s a matter of education. How many students do you know that are clear about what they are getting into when they sign on the dotted line? Are they told up-front, in terms they can understand that they are signing up for debt that they can never default on, that if they fail to make payment they may have their wages garnished, that when they start repaying the loan they are paying mostly interest and that over the life of the loan, even at only 4-5% interest they will end up paying 200% of the original loan amount? The students absolutely are part of the resolution equation. Educating them about good and bad financial decisions is imperitive to guiding them toward their best options. Parents need to be educated about the same things – ‘financial aid’ does not = ‘free education’ – help your children make sound choices and not get in over their heads with debt they will be unable to repay. And the problem needs to be tackled from the sides of lenders, schools and government as well. EVERYONE shares responsiblity for this problem, and everyone needs to be part of resolution – including students. They are the ones accepting the loans and perpetuating the cycle!

      • Anonymous

        I agree it is the child’s responsibility to pay off their debt but I do put some of the blame on the colleges and those providing loans. As parents we are not allowed to know their grades, what loans they have taken out, when they graduate, or how many more classes they need.  We are completely out of the loop because our kids “are adults”. Well, they aren’t mentally adults at 18. They are kids who think they know everything and don’t at all. So the colleges, Fanny, and private loan providers take advantage of these kids because they know Mom and Dad can’t find out unless their kids are forth coming. It’s a terrible situation to be in unless you are the college and loan provider.

        Now these same kids have graduated, are in major debt, and the economy is so poor that 53% of these kids are unemployed right now. But those loans are due, like it or not.

        So the solution is to allow parents full access and for the Country to start producing jobs again.

        • Anonymous

          If you’re paying for your kid’s college education and you don’t know your kid’s grades then  you have no one to blame but yourself. Put on your big girl pants and be an adult, I’m sick and tired of paying for other people’s mistakes.

          • Anonymous

            Actually you can blame the college because they will not give out the information freely.  They take your money but will NOT give you any of this information, which is a major problem and one more reason why this is happening. Guess you don’t know how they work these days do you.

          • Anonymous

             My daughter graduated from college in 2007 and my son graduated in 2011. I know exactly how it works. I knew every grade that each of them received as soon as they were available.  If you do not maybe you should have a talk with the child you’re paying tuition for.

      • Anonymous

        I do not share responsibility for this problem, but as one of the productive citizens I fear I’ll be forced to pay for it.

    • The “will” you cite was exercised by the students who willingly signed the loan documents. Nobody owes them a bailout.

      The more often you post, the more you sound like a Socialist.

      • Anonymous

        “Sound like”?

         If she isn’t a socialist, I’ll eat my hat…..

    • Liberal Soup N Crackers

      Why in hell should young adults not bear the burden of the debt they willingly incur??

  • jimbobhol

    Government does a lot of things but it doesn’t do a lot of things well.

  • Anonymous

    I went to school and graduated in the late 90’s and I am proud to write that I worked and paid off EVERY CENT by MYSELF!!  Why do I need to pay for your debt?  I went to a lesser known college to finish my basic core classes then went on to a better college.  I worked on weekends and after school and managed to receive good grades.  My husband joined the military and was able to go to school after his service.  Today we are saving for our daughter who WILL be in college in 9 years. 

    • Anonymous

      As I stated above, you are to be commended for understanding your obligation and how this is supposed to work.

  • Anonymous

    So go occupy UMO

    • Anonymous

      Those are her friends you’re talking about  lol

    • Anonymous

       Is Occupy an acronym for “It’s Somebody Else’s Fault!”?  I shall now re-Occupy my wage-earning employment work area…

  • Anonymous

    Maybe so, but there has also been a big increase in starting salaries since 1962!
    It’s all quite relative.

    • Anonymous

       So hasn’t the cost of living.

  • Anonymous

    A quick comment for the gentleman holding the sign proclaiming his daughter’s $22,000 debt,
    1) Your daughter not mine. 2) Poor planning on your part does not constitute an emergency for me. 3) Either your daughter chose or you chose for her to get the college degree, so stop whining and pay the debt.  

    • Anonymous

       Wish I could have responded to him as eloquently.

    • You don’t get it.

      • Anonymous

        So why don’t you enlighten me as to why I don’t get it. I grew up in a family that saw my parents’ divorce when I was very young and neither was in a position to pay my way through college. I came to the decision that I was not willing to put myself that deep in debt for a college education that in my opinion did not give me that much more advantage in this world. I learned what skills I have through hard work, listening to employers and co workers that had more experience than me and method of trial and error. I have managed very successful businesses and have always had very good jobs that have paid well above average for people at the same age and stage in life. I do not for one minute regret not getting that college degree and it is reinforced every time I run into a classmate that chose the college path and are now not doing anything remotely close to what they got a degree for and are mired in student loan debt. So again, please enlighten me as to what it is that I don’t get other than a payment notice every month for the coveted sheepskin that I probably wouldn’t be using anyways.

      • Anonymous

        Nope. You just want to be a leech without being called what you, in fact, are.

  • The true nature of the ocCUpy comes out. Whining about their debt.  Can’t take on debt, join the military and they will pay under GI Bill.  Stop Whining, Life Requires Work.

  • Anonymous

    There is no free ride.
    This FREE stuff you want is paid for out of my pocket.  You want cheaper college?
    Get government money out of it.  These institutions will only be able to charge prices the market will bear or go out of business.  Prices will drop like a rock and cheaper education will again be the norm.
    By then though we will have rebuilt the apprentice system and in many cases we will have learned to live without many of these overpriced professors teaching things our kids don’t need but must have in order to get their degree.  Want a Degree in Electronics?  For some reason you have to Sociology, Art Psychology, Humanities, etc…
    No other reason for it but for the college to make more money.

  • Guest

    Sallie Mae wants over $60,000 from me……………I’ll die first. They wouldn’t consolidate or work with me in any way shape or manner. I begged borrowed and pleaded. Nope, send us your money and we don’t care…………..10,11 and 12 % interest that was snow balling when I couldn’t make the payments. One hours late and my phone rings up to nine times a day until they recieve payment. This company should be forced to remove the interest and start over, then I could think about paying it off before I die!!! When Sallie Mae, the banks and government are all sleeping together, there is no hope for the working class to get rid of this debt!! No complaining, just saying this is extreme.

    • Anonymous

       What is it you wanted from Sallie Mae?  You must have asked for and received the money.  Get a job and pay it back.  It’s part of life.  What is just as ridiculous is the end of the article.  “But he worried that his daughter will be forced to settle for a job she dislikes after graduation just to seek bigger paychecks.”  Oh no…she’ll have to work to pay back a loan!  That would be un-socialistic!  We should all help…let me dig into my pocket to help you and her.  It would only be fair.

      • Anonymous

        Wooster College Home Page:
         
        “Build a personalized education

        The aim of a liberal arts education — to enable you to be
        independent, responsible and creative — is the guiding principle behind
        Wooster’s academic program.”

        I am not even kidding…

        • Liberal Soup N Crackers

          Lets see how creative they are in getting jobs.

    • Yawningattrolls

      Maybe you should learn how to budget and pay bills…..even I don’t have any sympathy for people who place themselves in this situation; a little personal responsibility please.

    • Anonymous

       So you have decided not to repay your fellow taxpayers the money they lent you?

    • Compounding interest is a real problem.  

      If it helps, just remember that the collectors are people too, and they have often been unemployed before this job. Sallie Mae started buying the collections apparatus as soon as it put the liabilities to to secondary (Blue ribbon) market. That made it look like they didn’t have any responsibly for the loans and they floated the risk out to the global economy and starting spending on lobbyists (bought John Boehner) and they make money if you sink or swim, credit default swaps are all in there too.

      take care.

      • Liberal Soup N Crackers

        How is compounding interest a problem? Is compounding interest earned on your retirement or investment funds a problem too?

  • Anonymous

    This ought to be good.
       Liberals own this problem, 100%. They  run the Colleges and Universities, Liberals dominate academia and it’s payroll,they have decided it’s policies  and there fore it’s expenditures, they own this 100%.
    It was Dems in congress who  scheduled  this rate increase to happen, and to happen  now, in an election year.
     Tell me folks,  what is the   interest rate, let’s go with the lowest end of the range,   on an unsecured loan , for folks who generally have little to no credit, stretched out for this long of a term.

    • Anonymous

      Hey Rocky watch me pull a rabbit out of my hat!  Now here’s something we hope you’ll really like:

      One of your Republican heros and ex Maine governor John JOCK McKernan and the company that he heads is being sued by the government for FRAUD.  Take off your tin hat and admit that for profit colleges and the people that run them are part of the problem.

      http://www.nytimes.com/2011/08/09/education/09forprofit.html 

      http://www.insidehighered.com/news/2011/08/15/new_round_of_false_claims_act_worries_for_profit_colleges 

      • Anonymous

        McKernan should be in jail.  ALL colleges are part of the problem.  They are nothing but a bunch of trough feeding pigs feasting on tax money and charging what the market will bear while railing against free markets.

    • John Boehner is not a liberal last I checked.  this is not a bipartisan issue. 

      Stop pretending American politics is a sporting event with teams competing and engage, man. Seriously. 

      • Liberal Soup N Crackers

        Sheer ignorance …. this problem was created by the Democratic Congress in 2007. How did you determine that John Boehner was somehow responsible for it?

  • Anonymous

    Don’t like student loan debt?  Don’t take out student loans!  There’s no reason why a student cannot get a degree from a state university and graduate debt-free.  It just means they have to work hard.  No magic pill needed.

  • Anonymous

    “… What we’re talking about is a more equitable society in which everyone can afford an education.”

    Sure we are. Equitable for all. Everyone is the same. Everyone has the same living quarters, the same car or bicycle, the same rice cooker, the same government rationed food allotment…A fair and equitable society full of Unicorns and Rainbows! Oh wait, those are communists…

    • Liberal Soup N Crackers

      Any good thief can afford an education.

  • Anonymous

     Get a private loan to consolidate your debt at a favorable rate and affordable monthly? Gotta be options besides not paying it back in protest of the terms.

    Life has never been fair, equitable or guaranteed and the best laid plans often go awry.

    And btw, you had to know you were going to get creamed on your first post.

  • Anonymous

    “Val Hart said Wednesday his daughter, a first-year student at Wooster
    College in Ohio, is facing $22,000 in student debt upon graduation.”

    According to Wooster’s website, costs for the 2012-2013 year are:
    Tuition     $39,810
    Room            4,440
    Board            5,150
    Total        $49,400

    Pick an expensive school and then complain about the expense? Please.
    Would you be sympathetic if I was complaining about the loan costs for my $400,000 Maybach?

    • Anonymous

      I wonder what her major is.

      • Liberal Soup N Crackers

        Fluking

    • Anonymous

      A 4 year Liberal Arts school! Does it really take 4 years to learn to be “responsible, caring and creative”? And is it worth $200,000 dollars? Dad, dude, WAKE UP! It isn’t too late to not become part of the problem!

    • Anonymous

      Plus daddy doesn’t want his daughter to have to work in a job she doesn’t enjoy just to pay back her obligation. Poor daughter. Having to accept responsibility is so hard.

  • Anonymous

    Stop whinging, take responsibility for your debts and your bad decisions.

    No one owes you a damn thing!

    • Stop being ignorant, and look at the writing on the wall. This is bubble is bigger then housing –look at the data. Take some responsibly for your self and have some respect for people.

      • Anonymous

        I’m perfectly aware of the data, and my instincts tell me that the taxpayers are going to end up paying for the debtors.  In other words, the productive among us will end up with the financial responsibility of pulling your irons out of the fire while getting nothing but your contempt and whinging in return.  I’m perfectly willing to take responsibility for myself – I alway have – I just don’t want to take responsibility for you.

        • Anonymous

          Us taxpayers may have to bail out banks and Sallie May or Fanny but these kids will still have their debt and have to pay it off or live without credit.  I certainly am not asking you to pay one cent for my family and never have. I am far more responsible for my family then you will ever know and am presently owed a great deal from other dead beats because I do take my responsiblity serious. I’m not whining either, I’m simply pointing out the college system and how screwed up and expensive it has become and that again, if I had a choice, I’d bail out the kids, not the banks and Sallie Mae which is what will happen.

      • Liberal Soup N Crackers

        There is no bubble. They have the debt and they are saddled with it until they pay it off.

      •  I think he’s saying that the ones demanding a bail-out should “take some responsibility.”

    • Anonymous

      I am not whining, I am not expecting anyone to bail out these kids, nor am I irresponsible. I was simply pointing out how screwed up the system is and what outside influences helped cause the problem. No one is asking for a bail out, but again, if we taxpayers had a choice to bail out the kids or the banks and the government, I’d take the kids in a heart beat. You really should find out just how much these colleges are controlled by the left and have helped create yet another nightmare for this Country.

  • Anonymous

    Why are these kids without the funds or scholarships going to the expensive, overrated private schools? Then they complain about student loans. What is wrong with using our local state universities? Obummer is just trolling for votes on this one. If there has been a big increase in tuition, that alone ought to fill our state schools.

    • Anonymous

      Our State schools are just as expensive these days.

      • Liberal Soup N Crackers

        No, they are not.

        • Anonymous

           My daughter went to an expensive private school and our out of pocket expenses were the same as we would have spent at UMO.  Many private colleges have substantial scholarships available.

          • Anonymous

            Not a valid argument to the subject at hand. Think about it.

          • Anonymous

            Most scholorships are monies left to the college by someone who has made something of themselves and left behind a way for others to do the same. They are not subsidized by any taxpayer but the taxpayer leaving the money. Guess it’s been a long time since you or your kids were in a college setting.

          • Liberal Soup N Crackers

            You have a myopic perspective. Donations to scholarship funds generally qualify as a tax deduction so they are federally subsidized. The donor saves the incremental tax on the amount donated. Perhaps it has been a long time since you stopped questioning life itself.

          • Liberal Soup N Crackers

            After somebody else subsidized you is what you are stating.

          • Anonymous

             No one subsidized me.  My daughter received a scholarship based on merit. We didn’t even qualify for a subsidized student loan because I had saved for her education. So the government gave me nothing. I still get to subsidize those who fail to plan for their own education though.

          • Liberal Soup N Crackers

            The plain truth of the matter is that a private education at Colby, Bates or Bowdoin is considerably more expensive than the same education at UMO. You can pretend it isn’t but that is not going to get you anywhere. It remains that somebody else subsidized your daughter’s education.

          • Anonymous

             No one subsidized her education.  the scholarship was based on MERIT.  In fact drones like those protesting and getting subsidized loans actually cost us more since the PRIVATE college she attended was able to charge more since the government money distorted the market and allowed them to raise prices due to subsidized student loans we didn’t get. 

          • Liberal Soup N Crackers

            Perhaps you didn’t realize it but that scholarship did not grow on an apple tree.

          • Anonymous

             It didn’t come from the government taken at the point of a gun either.  The PRIVATE college wanted my daughter to attend and reduced the price for her to do so. It was a free market transaction.  Your jealousy is showing again.

          • Liberal Soup N Crackers

            How moronic. I am a graduate of both public and private colleges so your defense mechanism fell flat.  That private college did not reduce their price. Your daughter received subsidies provided by a number of sources, including the Federal government (unless it was a religious institution). Let me help your confusion. A scholarship is a subsidy, whether merit or needs based. Both public and private colleges have them available. Federal backed loans are also available for both.

            Your comment regarding the source of scholarships being provided by the point of a gun is asinine. Perhaps you would be better served in having your daughter provide your commentary for you.

          • Anonymous

            Nice try.  Federal backed loans are only available for some.  I was frugal and saved so we didn’t “qualify” for them.  They are reserved for those who chose not to prepare to send their progeny to college.  The public and private colleges you went to have little to recommend them if you can’t tell the difference between a merit scholarship at a private university and a subsidized loan. 

        • Anonymous

          UMO is very expensive, don’t kid yourself.

          • Liberal Soup N Crackers

            As  graduate of UMO, I am aware of the costs. They are considerably more affordable to students and parents than most private institutions. The better comparison to make is between in-state and out-of-state costs. The latter is more in line with most private colleges.

  • Anonymous

    Yet, if it was gas money; who would get the blame….RIGHT, those evil oil corporations.   

    So if tuition skyrockets in the past decade, in the midst of a recession and falling enrollment, because of salary and other increases; who are blamed?  ….not the university corporation; or the knuckleheads who can’t seem to graduate on time and have become the permanent student welfare class; but the taxpayers and banks forced to cough up more and more money that won’t be repaid. 

    MORE LOAN MONEY MOM…I’M CHANGING MAJORS AGAIN!

    • Anonymous

      These kids aren’t graduating on time because these colleges aren’t doing their job in telling them exactly what classes they need to take and when to take them in order to graduate in 4 years. It’s a known fact amoung kids that you will never get out in four years anymore.

      • Anonymous

         That is complete nonsense.

        • Anonymous

          Not according to these kids it’s not! I heard it over and over, “Sam is on the 6 year program”, “Sally has been here five years, Mom”, “Who’s your councelor” I would ask and the response would be “I don’t have one” or the department can’t figure out who it should be”. I suggest you go ask about 50 kids from UMO and I’ll bet 45 of them tell you the same thing! These kids are there far longer than they should be.

          • Liberal Soup N Crackers

            Apparently you have not stopped to ask the students why they are taking so long.

          • Anonymous

            Actually I have. What’s your excuse?

          • Liberal Soup N Crackers

            I completed my BS in 4 years and MBA in the expected 2. What excuse should I present to soothe your anxiety complex?

          • Anonymous

            I am not the one with an anxiety issue, you however, need to chill and read what is actually being said to you.

            I think a Poly Sc degree is a great degree to have. It has allowed her to go one and get a law degree. It also has allowed her ample opportunities to work for one of your Senators and excel in her job.

          • Liberal Soup N Crackers

            Any number of majors will be accepted for law school admission. I could have done the same thing with a business degree. Now what does a Pol Sc degree have to do with completing school in 3, 4 or 5 years?

          • Anonymous

            Time to put on your big girl pants and take some responsibility. If you don’t have an advisor then demand one.  Keep track of your course requirements and make sure you’re progressing toward your degree.  If you can’t even do that then you don’t belong in college.  Why is it always someone elses fault?  My two kids both graduated in 4 years.  My daughter paid of her $20,000 loan in a year and a half.  My son paid his off in 6 months. Of course they both took majors that actually led to a job instead of taking women’s studies or underwater basket weaving.

          • Anonymous

            Bravo for your kids! Too bad other kids couldn’t get the advice and guidence they deserved.

            I never said it was someone elses fault, I simply said the college failed to do their job. At the age of 9 I was forced to become responsible and have worn my “big girl pants” since. You really should stop personally insulting people when you know nothing about them.

            I never said it was anyone else’s fault, I never said we would never pay off her debt nor am I looking for any help to do it. I was simply stating that if I had a choice as a taxpayer to help these kids individually or bail out another bank or the US government, I’d help the kids.

            As for a major, I believe Political Science leads to many jobs. I suggest you stop personally insulting people when you know nothing about them or their life other than a few comments on the Bangor Deadly.

          • Liberal Soup N Crackers

            BS. It is the kids that failed to do their job. Did your daughter go into serious debt to earn a degree in political science? Perhaps that is a failure on your part.

      • Liberal Soup N Crackers

        That is pure junk. Every student is responsible for their own schedule and every requirement is found in an obscure thing called the … wait …. here it is …. College Handbook or Catalog. 

        • Anonymous

          How many freshmen going into UMO this fall will know how to follow the college system? You can have all the handbooks and catalogs you want, but if they aren’t offering the classes they say you need, you can’t really follow them now can you? Many classes are only offered once a year or once every other year and on top of that, they only allow so many kids into the class. Maybe you should go back to school and find out for yourself. It’s not an easy system to follow or get through, no matter how smart you are.

          • Liberal Soup N Crackers

            This is why every student has a faculty adviser. Perhaps your daughter did not avail herself of such and failed to meet the requirements to graduate on time.

  • Anonymous

    I can’t sympathize too much with today’s young student. I went back to school in 1998 as a “non-traditional” student. I finally graduated in 2006 with about $22,000 in student loan debt. And I am halfway through paying those loans back. I have a family, a house payment and a million other attendant expenses. But I have never been late paying my student loans and I in no way expect them to be forgiven. Being able to take a low-interest loan out to help pay for my college education was the best opportunity I have seen in life. The interest on my loans is a few dollars a month. Nowhere else can you find credit so easily on such reasonable terms.
    And people now want to call it “predatory”?

    •  Good for you. Personal responsibility is in short supply, in some student minds, but clearly, not yours.

  • Anonymous

     Did we strike a nerve?  The interest that Sallie Mae should forgive should be borne by whom?  Somebody else?  I am currently choking myself on federally-subsidized loans, bailouts and hand outs.  My children won’t be able to go to college because, they already owe $40000 each…on the federal deficit. 

    I’m hurt by your comments…you cut me deep.  Now I’ll go back to my high paying job that I don’t like.

  • jimbobhol

    800 billion dollars worth of student loans. Is this the next bubble to burst?

    • yes. that is why we demonstrated. Not to get a hand out, but to stop the hand out Wall Street is getting with Sally Mae’s secondary market “products”. They are miss rated. There are way to many people going to college because they think they have too. It is a rampant problem. Cognitively people can’t see the bubble through their personal responsibly mind set. 

      • Anonymous

        Your last sentence has defined the Entitlement mentality better than any dictionary ever could.
        Thank you

  • Anonymous

    F.A.M.E. is a democratic fiefdom; for  the profit of liberals and other crony capitalists. 

    If you don’ like borrowing money from big banks, get a job and earn your tuition.

    • Anonymous

      Hey OG you want to talk about crony capitalism?  Educate yourself on 
       Education Management Corporation run by our very own ex-governor Republican John JOCK McKernan.  The US government is suing the company for fraud.  Maybe For Profit Colleges have all to do with higher tuition costs.

      • Anonymous

        Nobody forces anyone to attend a particular college. Prospective students should do their research before signing up to attend a school. If, however, a school engages in fraud, it may be possible to have your loans forgiven.
        This whole student loan hoopla is mostly a created issue. Student loan interest right now is 3.4% for Stafford government loans. Legislation has been introduced to avoid an interest rate hike to 6.8% on existing loans. Both interest rates represent extremely affordable credit. If students cannot afford to pay off their education at these rates, then they should be prohibited from taking out any credit card, applying for a mortgage, or a car loan.
        In addition to the very low rates, student loans can be deferred without interest accumulating on subsidized loans for reasons that include being unable to find a job. You can also request a forbearance, or pursue some limited options to have your loans forgiven, such as taking a job teaching in a needy school district.
        The cost of education can be driven down when students refuse to pay the high tuition some colleges are charging. Choose a cheaper school. But also keep in mind that the technological levels that schools must maintain in order to offer competitive education costs lots of money. If you want to benefit financially in your career from an excellent education in engineering, science, medicine or technology, you need to be prepared to pay for it.

  • Anonymous

    Never let facts get in the way of yammering.

  • Guest

    —–

  • Anonymous

    My daughter came out with about 60,000.00 in debt and it took her five years to finally land a job with benefits and a starter salary of about 25,000.00. She has no confidence that she will ever be able to own a home. Her student debt is her home.

    So if they “bail out” anyone, PLEASE let it be the students who owe now!

    • Liberal Soup N Crackers

      Why should we have to bail out your daughter? Are you going to pay my Mastercard bill this month??

      • Anonymous

        If I have a choice as a taxpayer to bail out a generation of kids or a bunch of banks, I’ll take the kids anytime!

        • Liberal Soup N Crackers

          The kid is not going to finance your next home or car.

          • Anonymous

            I already have a home paid for and a car paid for so again, I see no reason to bail out a bank or Sallie Mae when they gave these loans out so quickly and foolishly that we may now have to bail them out.

          • Liberal Soup N Crackers

            How selfish of you. I thought it was all for the kids?

      • Anonymous

        As for your Mastercard bill, if you aren’t paying it, I am as a customer.

        • Liberal Soup N Crackers

          Aside from always paying of the balance on my card each month, I do not know if you are a Mastercard customer or not. However the point remains. If you expect consumers to pick up the tab for your daughter’s poor financial decisions, are you also amenable to picking up the tab for other poor choices i.e. consumer credit card debt?

          Why not answer the question?

          • Anonymous

            I don’t expect anyone to pick up my daughter’s tab but me and have said as much over and over. Guess that MBA of your’s hasn’t helped you read and understand what is being said to you very well.

          • Liberal Soup N Crackers

            You stated:
            So if they “bail out” anyone, PLEASE let it be the students who owe now! 

            That sure sounds like you want somebody to pick up somebody else’s tab.

    • Anonymous

       You take responsibility for your daughter and I’ll take responsibility for mine.

      • Anonymous

        I plan to take care of her. Always have and always will.

    • Anonymous

      Your daughter is, frankly, not worth a bailout. She is obviously far too dumb to be worth another free ride.

      • Anonymous

        Since you don’t know my daughter you’d best keep your ignorant opinion to yourself. My daughter is incredibly smart. In fact, she could run you around in circles. In second grade her test scores showed she was reading at a sophmore college level. Was your test scores that good at the age of 7?  But people running our State colleges, they are incredibly ineffective and not helpful.

    • Did anyone force your daughter to sign the student loan documents? Why does she deserve a bail-out?

      No offense, but she made the decisions, and the rest of us shouldn’t have to pay for her commitments.

  • Anonymous

    For Profit Colleges ADD to the increase cost in tuition.  One such company Education Management Corporation run by our very own ex-governor Republican John JOCK McKernan.  The US government is suing the company for fraud.  Maybe For Profit Colleges have all to do with higher tuition costs????
    http://www.nytimes.com/2011/08/09/education/09forprofit.html http://www.insidehighered.com/news/2011/08/15/new_round_of_false_claims_act_worries_for_profit_colleges 

  • Anonymous

    free money, thanks obama

  • Anonymous

    We all know what this is really about.  Just one more way of taking other people’s money, simply taking it.
    College is fun.  I want to go and get a degree, maybe  (or maybe just go for the heck of it).  And I want you to pay for it.
    Garden variety communism 101 (they probably don’t bother teaching that at colleges anymore; gotta get those transgender studies and The History of Facebook courses in).

  • You made an investment in your self  and for our society to be functional; you took risk for that. I am glad you are educated and you can articulate well, and you have a clue what is going on around you while you toil with work and family responsible. You are the reason I occupy.  

    The fact that they hound you is a testament to your responsibility. They would be after you if you did not have good standing fiscally. 

    You should not have to suffer with the predatory financial institutions or with the fascists that judge you. 

    Peace.

  • Anonymous

    Better Headline at the Rumford Meteor: “Protesters Who Attended Second-Rate College Would Like People Who Only Finished Second-Rate High School To Pay Their Loans”

  • Unless someone held a weapon to these students’ heads, and forced them to sign the loan documents, they haven’t got an entitled leg upon which to stand.

    What’s next — we should pay off their car loans, as well?

    • Anonymous

      No one is suggesting they aren’t paying off their loans but again, if it’s between the kids and banks, I’ll help the kids. As for Fanny, they should dissolve it. It should never have been created.

  • When does six people playing games on their IPhones constitute a “rally”?

  • Carter Jones

    in 2007 the Democrat controlled US Congress cut the interest rate in half, and set the rates to go back up in July 2012, then Obama took control of the student loans for our college students. Now Obama, who was a senator then, who helped cause this problem, wants the Congrss to stop the rate increase, but is threatening to veto the bill introduced with bypartisan support???…the liberals caused the problem and now are supposedly fixing it???…we are not that stupid, it’s playing politics. The democrats have also tried to raid the Obamacare fund, including Obama himself in his latest budget. Don’t be played folks, the left is trying to pull one over our eyes, and our college kids are awake, and are not that stupid to vote for this snake in the grass again…

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