Comments on: Seven Reasons Why I Hate Student Loans

By: Elore

Elore — Thu, 19 Jan 2012 21:56:00 +0000

Are you freaking kidding me? I’m paying 1000 a month right now and that’s for the minimum payments some of us didn’t have mommy and daddy footing most of the bill.

By: Ryan@TheFinancialStudent

Ryan@TheFinancialStudent — Fri, 14 Jan 2011 21:19:02 +0000

I’m waaaayyy late on this post, but numbers 5 and 7 seem to contradict each other. You want all loans subsidized (something the government can do very well) but then you want ALL loans privatized?

Right now, you’re free to choose federal student loans or private student loans. That seems like more freedom and choice than only being able to have private loans. I’ll take paying back Uncle Sam any day of the week over Sallie Mae.

By: Julie

Julie — Tue, 05 Jan 2010 14:47:24 +0000

Ok, so I’m like 3 years late, but I’m frustrated with my student loans right now (they took out a double payment AGAIN) and for some reason to release my aggression I just typed in I HATE STUDENT LOANS into google and this link came up. Silly, I know. But sometimes to feel better, I like to read article to make me know I’m not alone in my hatred. I work 2 jobs b/c the job I got after college isn’t enough to pay my lovely monthly payment plus cost of living. I love how I go to college (I have a masters degree) to better my life, yet somehow all it did was make me angry and in debt. If I didn’t go to school, and I worked a regular ole job I’d have more money for myself. The government needs to stop punishing people for wanting to go to school. Why is it so damn expensive! Sorry, just venting. and I agree 110% w/ everything you said!

By: suze

suze — Fri, 13 Apr 2007 13:56:00 +0000

I like the site — got here through a review on Free Money Finance. The look is very nice and readable.

Good advice, too!

By: erik.folgate

erik.folgate — Thu, 12 Apr 2007 23:21:34 +0000

Blaine, thanks for the advice. I have an administrator that handles the site so I will let him know about the RSS thing. Also, we just tranisitioned to a new template so the contact page hasn’t been put up yet. sorry about that!

By: erik.folgate

erik.folgate — Thu, 12 Apr 2007 23:20:35 +0000

Well, I need someone to teach me how to filter out certain google ads or else I wouldn’t let payday loan ads on my site, EVER. As for the student loan ads, I am not saying that you should NEVER get a student loan. I was in school recently, so I know that the value of certain educations can out perform the student loans in the long term. I was just trying to make a point that if at all costs you can avoid them or avoid taking such a big loan, DO IT! You’ll definitely thank yourself in your twenties and thirties.

By: luxuryoption

luxuryoption — Thu, 12 Apr 2007 18:43:15 +0000

After reading the post on your disdain for student loans, why do you have student loan ads on your website? [not to mention the revolting 'payday loan']

By: Blaine Moore (First Time Home Owner)

Blaine Moore (First Time Home Owner) — Thu, 12 Apr 2007 16:16:19 +0000

I’m with Flexo; I can easily beat my interest rate and with a mortgage and new student loans starting up from my wife being in graduate school, I imagine that my student loans will be some of the last debt that we pay off. Once I have the cash and no mortgage debt though it’ll become a priority.

By the way, I just wanted to mention a few suggestions for your site. I found you through your paid review at FreeMoneyFinance. Your autodiscovery feeds on your site don’t point to your RSS feed; they point to one at bloggingpro.com instead. You will want to update that. Second, there is no way to contact you that I could find; you will want to either provide a way or make it more obvious. I figured that it would be better to leave a comment and let you know rather than just deciding not to bother letting you know.

I like the look of the site. Very slick.

By: Flexo

Flexo — Thu, 12 Apr 2007 05:44:13 +0000

Nice post, particularly because I agree with everything you wrote… almost. With the low interest rate I have locked in, I’m not rushing to pay off the loan… even after taxes, my money I’m earning from interest in savings beats the interest I pay on the student loans. Although, It’s likely I’ll just pay the rest off in a lump sum to get the debt off my conscience.