Quotes & Sayings About Student Loans

I tried out for another show while I was in college so I could pay off my student loans, and it sort of led to The Real World. The same people that were casting that show were casting The Real World, so they asked me to do it. — Trishelle Cannatella

As president, I will fight to make tuition in public colleges and universities free, as well as substantially lower interest rates on student loans. — Bernie Sanders

Moreover, an archetype exists in the nation's consciousness that connects student loan debt with irresponsibility. This is a result of well-publicized accounts of loan defaults in decades past in which students took out loans with no intention of ever paying them back and simply filed for bankruptcy after graduation. This perception was sufficiently strong that in the 1970s, Congress was convinced to remove bankruptcy protections from student loans. However, according to a March 2007 paper by John A. E. Pottow of the University of Michigan, this perception had a fatal flaw: "The fatal problem is that there are no empirical data to buttress the myth that students defraud creditors any more than other debtors."1 In fact, it was shown that when student loans were dischargeable in bankruptcy, there was a less than 1 percent bankruptcy rate among student debtors.2 Nevertheless, this misconception has been so often repeated that it is now indelibly etched in the public's mind. — Alan Collinge

I had three jobs in college. The best day of my life was when I paid off my student loans, on my own. — Jessica Seinfeld

If Barack Obama had come up in a time when the drug war was being waged as intensely as it is now, we probably would never have heard of him. A single arrest could have precluded student loans, resulted in jail time, and completely ruined his life, posing a far greater threat to him than the drugs themselves did, including the risk of addiction to marijuana or cocaine. — Carl Hart

Seen at Liberty University: I hope the Rapture happens before my student loans are due. — Kevin Roose

And I want to work with this Congress, to make sure Americans already burdened with student loans can reduce their monthly payments, so that student debt doesn't derail anyone's dreams. — Barack Obama

We must fundamentally restructure our student loan program. It makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages. — Bernie Sanders

Without their mothers nearby, most of my classmates had no clue how to balance their checkbook or even how much Tylenol to take and how often. In school we were babied, scolded, and told when to eat. We even had to raise our hands for permission to go to the bathroom. In just a few short weeks we would be free to rack up credit cards and student loans, or to sign contracts for an apartment we might not be able to afford, because we were taught how to learn, but not how to live. — Jamie McGuire

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans. — Michael Hudson

There's a reason that there are oodles of young Aussies, Germans, Japanese, even Chinese backpackers traipsing around the world. They are unencumbered by debilitating student loans. No such luck for the American Theater Arts major with $120,000 in loans. — J. Maarten Troost

In Germany, college tuition is free. In America, college tuition is increasingly unaffordable. In a highly competitive global economy, which country do you think will have the best educated work force and a competitive advantage? We must make tuition free in public colleges and universities and substantially reduce interest rates on student loans. — Bernie Sanders

How can people decide who they want to spend the rest of their life with at this age? I can't even decide what to have for dinner! I can't decide if I want to be an actor, even though I've already got 35,000 dollars in student loans telling me I sure as hell better want to be an
actor. — Cora Carmack

Normally, if someone goes bankrupt, you wipe out the debt and get a fresh start. But that's not permitted with student loans. So the effect is to impoverish many graduates with very high debts. — Michael Hudson

There are three types of student: The golden student pays and loans, the silver student pays but does not learn, the bronze student learns but does not pay. — J.C. McKeown

We discussed this dire problem with education and illusions of academic contribution, with Ivy League universities becoming in the eyes of the new Asian and U.S. upper class a status luxury good. Harvard is like a Vuitton bag or a Cartier watch. It is a huge drag on the middle-class parents who have been plowing an increased share of their savings into these institutions, transferring their money to administrators, real estate developers, professors, and other agents. In the United States, we have a buildup of student loans that automatically transfer to these rent extractors. In a way it is no different from racketeering: one needs a decent university "name" to get ahead in life; but we know that collectively society doesn't appear to advance with organized education. — Nassim Nicholas Taleb

Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority. — Bernie Sanders

But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all. — Suze Orman

My degree was garbage stuffed inside a trash can of student loans. — Jacob Tomsky

When the time came for me to go to college, there was only one scholarship that my high school offered at the time and I didn't win that one, but that didn't stop me. I went on to college anyway. I worked my way through it and paid my student loans for 11 years. — Chandra Wilson

Male, female, gay, straight, legal, illegal, country of origin - who cares? You can either cook an omelet or you can't. You can either cook five hundred omelets in three hours - like you said you could, and like the job requires - or you can't. There's no lying in the kitchen. The restaurant kitchen may indeed be the last, glorious meritocracy - where anybody with the skills and the heart is welcomed. But if you're old, or out of shape - or were never really certain about your chosen path in the first place - then you will surely and quickly be removed. Like a large organism's natural antibodies fighting off an invading strain of bacteria, the life will slowly push you out or kill you off. Thus it is. Thus it shall always be. The ideal progression for a nascent culinary career would be to, first, take a jump straight into the deep end of the pool. Long before student loans and culinary school, take the trouble to find out who you are. — Anthony Bourdain

Here's how it works: If you answer yes to ten or more questions, then you should read this book. If you don't, then buy it anyway and give it to the coolest person you know. This author needs money to eat her feelings. Does your college degree hang over your head like a rain cloud made of student loans, false hopes, — Alida Nugent

And I think it's that time. And I think if you just step aside and Mr. Romney can kind of take over. You can maybe still use a plane. Though maybe a smaller one. Not that big gas guzzler you are going around to colleges and talking about student loans and stuff like that. — Clint Eastwood

I walked into Aquagrill and began my experience of trying to help a new restaurant get off the ground. The owners were talented and lovely, but I felt like an imposter in all of our pre-opening meetings. I wanted to earn a living as an actor, and I wanted to pay off my student loans and maybe get some health insurance. — Amy Poehler

Private student loans should be avoided at all costs. — Suze Orman

Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans. — Robert Reich

I think a trillion dollars of student loans and a massive skills gap are precisely what happens to a society that actively promotes one form of education as the best course for the most people. I think the stigmas and stereotypes that keep so many people from pursuing a truly useful skill, begin with the mistaken belief that a four-year degree is somehow superior to all other forms of learning. — Mike Rowe

Student loans are destroying the imagination of youth. If there's a way of a society committing mass suicide, what better way than to take all the youngest, most energetic, creative, joyous people in your society and saddle them with, like $50,000 of debt so they have to be slaves? There goes your music. There goes your culture. There goes everything new that would pop out. And in a way, this is what's happened to our society. We're a society that has lost any ability to incorporate the interesting, creative and eccentric people. — David Graeber

There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks. — Gail Collins

Right now, with millions of Americans still out of work, and struggling to recover from the worst economic downturn since the great depression, with 40 million Americans dealing with student loans, with millions of people working full-time at minimum wage and still living in poverty, with the big banks getting bigger and the workers getting poorer, and seniors struggling to make ends meet, Republicans in Washington have decided the most important thing for them to focus on is how to deny women access to birth control. — Elizabeth Warren

By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job. — Mark Pocan

Engineering undergraduates should not be charged fees. They should receive grants, not student loans, and the government will get the money back long-term from increased exports. — James Dyson

selling my soul for student loans and an education. — Shareca Cole.

For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate. — Thomas Frank

Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates. — Jean Chatzky

Every time a bank swoops down to snatch up a home, it should be met with a crowd of jeering, obstructive neighbors. And although this may be point 4.5, how about organizing a mass refusal to pay back student loans? — Barbara Ehrenreich

Just like a house is worth whatever a bank's going to lend against it, an education is worth whatever the bank is going to lend the student to pay the university. So the availability of government-guaranteed student loans has vastly inflated the cost of education, just like it's inflated the cost of housing. — Michael Hudson

I'm here not just as an actress but as a woman, an African-American, a granddaughter of Ellis Island immigrants, a person who could not have afforded college without the help of student loans and as one of millions of volunteers working to re-elect President Obama! — Kerry Washington

Mr. Obama seeks to federalize large portions of education, beginning with his attempt to nationalize college student loans. — Monica Crowley

Banks were once places to hold money and were very careful in lending to finance families as they built a future - bought homes, bought cars, took out student loans. — Elizabeth Warren

[Wendy] Davis [pursued] higher education, as her campaign website says, with 'the help of academic scholarships, student loans, and state and federal grants.' Now that she is in a high-profile and hotly partisan race, it has come out that she also benefited from the moral and financial support of her second - now ex - husband. In the process, though, behavior we would expect and hardly notice in a man is being portrayed as freakish and problematic in a woman. — Liza Mundy

The rising costs of higher education coupled with the stress of paying student loans are putting increasing pressure on students. — Hank Johnson

We need to make college affordable in price, and also have lower-cost student loans and more available grants for students. — Debbie Stabenow

The higher amount you put into higher education, at the federal level particularly, the more the price of higher education rises. It's the dog that never catches its tail. You increase student loans, you increase grants, you increase Pell grants, Stafford loans, and what happens? They raise the price. — Bill Bennett

In a speech at the just-concluded G20 summit in London, President Obama urged Americans not to let their fears crimp their spending. It would be unwise, he argued, for Americans to let the fear of job loss, lack of savings, unpaid bills, credit card debt or student loans deter them from making major purchases. According to the president, 'we must spend now as an investment for the future' ... instead of saving for the future, we must spend for the future. — Peter Schiff

The fact that you have government-guaranteed student loans has created a whole new sector in the American economy that didn't really exist before - private for-profit universities that sell junk degrees that don't help the students. They promise the students, "We'll help you get a better job. We'll arrange a loan so that you don't have to pay a penny for this education." Their pet bank gets them the government-guaranteed loan, and the student may get the junk degree, but doesn't get a job, so they don't pay the loan. — Michael Hudson

Quite frankly, Barack Obama knows what it's like to pay a mortgage and student loans. He knows what it's like to watch a beloved family member in a medical crisis and worry that treatment is out of reach. Barack Obama knows our struggles. And, my friends, he shares our values. — Ted Strickland

Voters care only that student loans remain freely available and that they cost taxpayers as little as possible. — Timothy Noah

For too many years, politicians in Washington have been eager to pledge more hard-earned taxpayer dollars to help deal with the student debt load. But this doesn't sit right with the many Americans who take pride in making fiscally responsible choices and paying off their loans on time. — John Kline

Yeah. No matter what Coach does or doesn't do. Because ... I'm going on my terms. Even if by some miracle he recommends me for the scholarship, I'm not taking it."
That surprises her. "I don't get it."
"That's why I had no choice but to let that pitch go by. I had to prove to myself that I could live without baseball. I can't go to college on their terms. I can't be the ballplayer first and the student second, and if they're giving me an athletic scholarship, believe me - that's what it would be. Athlete-scholar, not the other way around. No one can convince me otherwise.
"So, yeah. I'll have to take out student loans. I'll have to work my ass off. But that's OK. — Barry Lyga

You're thinking to yourself, 'How is it possible that I am going to pay back $150,000 in student loans? I'm never going to pay that back. What am I going to do?' Listen to me and listen to me good, class of 2013. I want you to think back to all of these things you said to yourself, 'I can't do that. I can't palpate a cow. And what's worse, palpating a cow or taking semen from a horse?' But you did it, didn't you? — Suze Orman

The problem is that nobody talks about what they make. It's shame disguised as humility. Screw that. I'm a thirty-two-year-old assistant and I make $30,000 a year. — Camille Perri

Let's put our money where our mouth is; let's invest in the future by investing in the education of our youth and the re-education of those who need it and aren't so young anymore. It's not charity; it's an investment in the mental, intellectual, and social infrastructure of our country and our planet. Charity is something you give to corporations when they commit crimes of fraud and plunge the world into economic turmoil. — Steve Bivans

Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up to /1,125 out of their loans at the start of each year. Student loans will also rise to meet average living costs. — Anne Campbell

If there were no government-guaranteed student loans, college tuition would be much lower. — Gary Johnson

Laney held up a hand. "I checked it out. He went there on scholarship and paid the rest with student loans. And he's good looking, too. Nate and I met him for dinner last night, and I subtly learned that he's looking to meet someone"
"How did you learn that?"
"I asked him if he was looking to meet someone"
"that is subtle — Julie James

I have fought to protect those benefits that ensure better salaries for teachers across the Nation such as grants to pay off student loans and funding for Teach for America. Still, we must all do more to show our continued appreciation for our Nation's leading role models. — Solomon Ortiz

Exploitation thrives when it comes to the essentials, like housing and food. Most of the 12 million Americans who take out high-interest payday loans do so not to buy luxury items or cover unexpected expenses but to pay the rent or gas bill, buy food, or meet other regular expenses. Payday loans are but one of many financial techniques - from overdraft fees to student loans for for-profit colleges - specifically designed to pull money from the pockets of the poor.46 If the poor pay more for their housing, food, durable goods, and credit, and if they get smaller returns on their educations and mortgages (if they get returns at all), then their incomes are even smaller than they appear. This is fundamentally unfair. — Matthew Desmond

Increasing access to federal student loans has been a bipartisan effort in Washington, one that I have supported. But it has created what many experts believe is a bubble in higher education, not unlike the housing bubble that preceded the financial crisis. — Marco Rubio

I would get my student loans, get money, register and never really go. It was a system I thought would somehow pan out. — Ray Romano

If you already have the student loans or don't want to get a loan in the first place, look into the "underserved areas" programs. The government will pay for school or pay off your student loans if you will go to work in an underserved area. These areas are typically rural or inner-city areas. Most of these programs are for law and medicine. If you are in nursing, work a few years in an inner-city hospital with the less fortunate, and you will get a free education, courtesy of the federal government. — Dave Ramsey

I'm willing to fight for Social Security, Medicare, student loans, U.S. jobs, equal pay, progressive taxation and full employment. — Alan Grayson

I just thought acting would be something to help out with my student loans, but my first year as an actress, I made more money than my parents. That's when I realized it could turn into a career. After that, I put everything I had into it. — Gabrielle Union

I never had the high-paying job or the company car. It took me over a decade to pay off my student loans. I never had to worry about where to dock my yacht to reduce my taxes. — Christine O'Donnell

Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs. — John F. Kennedy

And I do not want, and I will not accept, a deal in which I am asked to do nothing, in fact, I'm able to keep hundreds of thousands of dollars in additional income that I don't need, while a parent out there who is struggling to figure out how to send their kid to college suddenly finds that they've got a couple thousand dollars less in grants or student loans. — Barack Obama

Money is finite. There is not an infinite supply. That's something a lot of people have trouble remembering these days. In a time when crazy mortgages, car loans, student loans, and credit cards make you believe anyone can purchase anything at any time with no consequences, it's easy to forget that money has limits. — Dave Ramsey

We inherited a strong and flourishing country, and instead of making the investments - that is, the sacrifices - to maintain it, we chose to suck it dry and stick our children with the bill. If you want to see who is to blame for student debt, just look in the mirror. And if parents find themselves supporting kids beyond their college years, that is only, in the aggregate, a form of compensatory justice: the intergenerational transfer of wealth that should have been effected through taxation. — William Deresiewicz

I'll release my tax returns when Barack Obama releases his college transcripts and the copy of his admission records to show whether he got any loans as a foreign student. When he releases that, talk to me about my tax returns. — Mike Huckabee

On any given day, half of the subway cars smelled like urine, and attempting to get anywhere on time was nearly impossible. It was stressful to live in the city and I still hadn't found my niche, but I had dreams. One day when I'd paid off my massive pile of student loans and was working for Vogue, I'd move to the Upper East Side and get to experience the city in a whole new light. — R.S. Grey

The Christian fact is very straightforward: To be a student is a calling. Your parents are setting up accounts to pay the bills, or you are scraping together your own resources and taking out loans, or a scholarship is making college possible. — Stanley Hauerwas

I gave my change to him," says Parvaneh, with a nod at the man with the dirty beard by the house wall. "You know he'll only spend it on schnapps," Ove states. Parvaneh opens her eyes wide with something Ove strongly suspects to be sarcasm. "Really? Will he? And I was sooo hoping he would use it to pay off his student loans from his university education in particle physics! — Fredrik Backman

Part of Obamacare eliminated the private sector financial market that engages in giving college student loans. I mean, now the federal government has taken over college student loans, so I sit back and strategically look at this and say this just cannot be happening. — Allen West

Her student loans were voracious and demanded monthly feedings, — Dave Eggers

Remember that in most cases, student loan debt is not dischargeable in bankruptcy. So you continue to pay it off anyway. Those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great. — Suze Orman

Mint's business model became, 'We'll go for free, and then we'll find these savings opportunities for you.' You know, better interest rate on your credit cards, when should you consolidate your student loans, when does it mathematically make sense to refinance your mortgage, and Mint figures all that stuff out for you. — Aaron Patzer

In housing you have jingle mail and you can walk away and leave the bank holding the bag. In the case of student loans, the debt follows you through life, and the banks or government will turn it over to collection agencies that are not very nice people and can do all sorts of harassing things to you. It's becoming a nightmare. — Michael Hudson