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Sallie Mae flies more than 100 employees to Hawaii to celebrate $5 billion in sales while student debt crisis tops $1.6 trillion
As borrowers struggle to keep up with their payments, Sallie Mae flew more than 100 employees on its sales team to Hawaii to celebrate $5 billion in sales.
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Student Loan Justice Oct 17
Replying to @NBCNews @Notbluebland
All part of the plan.
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Student Loan Justice Oct 18
Replying to @NBCNews @Notbluebland
While I appreciate that Bernie and Elizabeth Warren have plans for debt cancellation, both plans falter without restoring bankruptcy protections for any future student debt. There’s currently a bill for that.
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Pé Resists Oct 18
Replying to @NBCNews
Hi college freshman! You need this money to get an education so you can get ahead. Yes, you will pay it back at 4%+ interest over the next 25 years. No, you can't go anywhere else for this money. No, your school won't give you a break in tuition. Thanks for the sale, kid!
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Lady Liberty 76 Oct 18
*8%. And the next *40-50 years depending when you graduated.
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Terra Mater Oct 17
Replying to @NBCNews
Damn, if their interest rates weren't so high and continued to accumulate every year, I'd be able to go to Hawaii too. I've been paying for 8 years and owe more now than when I started payments. It's bullshit!
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James Williams Oct 18
Replying to @TerraMater7 @NBCNews
Same. My first semester loan had a 3.5% interest rate, last semester 16.5%. They get you in then raise the rates the more invested you get, literally how drug dealers work
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Rob Oct 18
Replying to @NBCNews
The student loan industry is a fraud. Under the guise of “aid” it’s a racist, sexist, classist feudal system designed to keep control of the lower classes collecting billions from those who try to improve, who would keep the money in the community.
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Donna Jantz Oct 18
Replying to @RobertBenco1 @NBCNews
Actually, the whole college industry is pretty much fraudulent. We're sending parents to jail for bribes, and rightfully so, but the University's have been collecting bribes for years.
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Totally Upside Down Oct 17
Replying to @NBCNews
Sorry- 5 billion in *sales*? Of what, insurance contracts on the loans?!
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1NtnUnderDog Oct 18
Replying to @allthingspi @NBCNews
souls mostly
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