19 Burst results for "Sallie Mae"

"Play It Again Sam!"

The Radio Adventures of Dr. Floyd

05:40 min | 1 year ago

"Play It Again Sam!"

"Drug became famous giving away free ice water but now that we work here. We can put by plan into action to make a fortune. It's very simple. We just have to take these cups and just then Dr. Steve was interrupted by the owner of Waldrop himself. Tad Houston all right. Y'All sit here. Yes Sir Mr used it. What did you say your name was again? Billy Bob Mr. Houston I'm Sally. May's older brother. She was awfully sorry she got all tied up and couldn't make shift but I told her I'd feeling for a while. I appreciate that kind of spirit boy. I'm just wondering why you had to wear her dress will. This is the store. Uniform is not it is but owner. Mind look we're about to open. There's already a line of people outside eager to get in your man in the Cup station. Right yes sir. All set excellent now went. Wait a minute what is that. What's what that thing standing next to you there. Yes you whatever you are sir. Why that's a that's a Jack local. Of course they thrive pretty well around these here. Power Jag. A that gives me an idea. I wonder if I could make a big statue of a to oops are the doors are open gets in with those cup has a throng of thirsty tourists. Pours in through the front door of wall. Drug are here on void prototype Dr Graham their fateful roebuck opinion. Ships land that time and space ship near the store. Remember Dr Grant. We don't want to go to seen. Dr Steve is apparently secured some form of employment at Wall Drug and we much foil his plot without letting anyone know from the future. I got Dr Floyd good thing. We have these period costumes. Yes poses a typical American family of the time stopping by to get your water. I'll be the doctor. Ub The sun and guess chips. You have to be the mom because the week in the dress will cover your more robotic. Tapert good now. Let's go stop. Dr Steve. Heroes Enter Wall drug amid a sea of tourists lined up to get their free ice water us by Dr Steve at the Cup station and hide behind a pickle barrel to watch what he's doing or four cups blue. Go Surf Floor Cups. They are tan sands apiece. So that'll be forty cents. But I thought the water was free. Oh the ice water is free. Yes Sir cups at ten cents apiece. Oh I see well all right. Here's forty cents. Thank you sir. The ice water whale is right over there fidget. Put these in your coin purse cheaper. Dr Floyd you see what he's doing. I sure do grant that no good. Laos is charging for the cups. That was never part of Ted. Ted's vision. What are we going to do when one thing we can do? What does me? I didn't shave. It was coming from this barrel. Our hero spoil the LID and spy a young girl bound and gagged in the barrel. Golly Tucker Floyd who is this is supposed to be employees. Dr Steve Ambush to get that ridiculous dress. He's wearing here. Let me take the bag off. Are you okay fan? But when I get my hands on the guy who did this to me isn't going to be fine. You said it sister. Just sit tight here for a second. I've got a plan. We'll get him for sure. You've got it Dr Greg. Follow my lead. Sure thing Dr Floyd Sallie Mae Swings back down into the barrel s Dr Floyd Dr Grant and Chips Approach Cup station. Good name my good man. I would like to have three cups for myself my wife and my son certainly sir. That'll be thirty cents. Thirty percent is water was calm down. Please there's no reason to get upset up shut. You promised me free. Ice Water remains free willy. But the cups of ten cents apiece most underhanded Dang I've heard of a bait and switch techniques. This one takes the cake taking advantage of poor. Tour's surreally really. We can settle this problem without shouting. What exactly is going on over here? Billy Bob you see Mr Houston this gentleman. Ralph what's going on over here? You're advertising free ice water yet. You're charging ten cents a cup Sir. You must be mistaken. We do not charge for cups. Everything about the US. Water IS FREE. The asked the water the cups. It's all free. Employees tried to charge me ten cents for each. Billy Bob is his true will sir. I thought that was the kind of thing. That capitalist like yourself would won't see we've already made over five dollars. Let's get something straight. I am not a capitalist. I'm trying to give people something they need. And if they buy something in addition to that well then that's fine. I truly believe anyone can succeed if you reach out to people in need. Now give me that money now. I'm terribly sorry sir. Here are your free cups. Is there anything else I can get you on the house? Of course my son would like a pickle of course have him go. Pick one out. Golly THANKS MR HOUSTON. I'll get one from this barrel right here. Not to grant goes over and lifts the top of the barrel and out pop sally. May's tapped me up. Stir address and Miss Beryl. Is this true? Will you see that? Would you do that to your poor sister? Not My sister I mean I mean. Well she is. How's your sister? A I have a feeling I'm being hoodwinked ear. Oh Sam just then from behind the panels steps like huge gorilla. Who STUMPS OVER TO MR HOUSTON? Sam I would like you to relieve this charlatan of Sally's dress and throw him and his Jack Elope out into the street. All those in the store singing samna piano blamed guerrilla grabs Dr Steven one swift motion removes him from selling as dress. Leaving is underwear. Nice boxers there billy Bob or should I say doctor Steve Louis. I should've known grant opens the door for Sam as he hurls Dr Steven Vigil after Landing Dr Steven. Hi Taylor back to their time and space ship. I'm terribly sorry for all the trouble. Sir. Don't mention it. You've got a great place here and I see a big future in appreciate dad yeah. Someday I'd like to expand it a bit. I've always wanted a big backyard. Someday Mr Houston Some Day. Come on grant son. Let's get back on the road. Sure thing dad come on mom. Can I borrow the car Friday night? Dad Get on the ship. Can I borrow ten dollars? Go get on. The ship are heroes returned to their ship and blast back off into the time and space. Trim has Dr. Steve learned his lesson. We'll have to continue chasing him throughout time. And just what did you think about having to wear a wig?

Mr Houston Dr Grant Tucker Floyd Steve Louis Billy Bob Billy Bob Mr. Houston Sir Mr Cup Station Dr Steve Ambush Dr Steve Dr Floyd Sallie Mae Dr Steven Dr Greg Dr Graham SAM Wall Drug Dr. Steve Tad Houston TED Waldrop
Ben Affleck Speaks Out About His Divorce From Jennifer Garner

Daily Pop

04:49 min | 1 year ago

Ben Affleck Speaks Out About His Divorce From Jennifer Garner

"Things have been athletes super candid interview with the New York Times. Jin Garner is again back in the headlines and there is this report that says Japan's man. John Miller is uncomfortable with all of this US weekly claims John is empathetic but worried about how Jennifer has once again became the focus. Now remember the interview been said. His biggest regret of his life was his divorce. So would you be comfortable? If you were Jen's man and the x was saying this stuff you had ninety days to figure out if you were about this life or not whether you date a man who doesn't have a job whether you data celebrity. Where do you date somebody? That's in reality. Tv those first three or your period to figure out what that person's lifelike and when he started dating her he knew what the Paparazzi was like. He knew what the press is going to be like and this man is from California. He understands that no matter what they do for the next twenty five years. They're always going to be linked together. Maybe have kids and be. That was the most significant relationship for both of them. So I almost don't believe this is one of those headlines. That definitely is not true. This is like an easy assumption to make but I do think him understanding that. That is her ex husband that they are very public couple when they were together and they share children is one thing but for him to still be speaking about her. I think is a different thing and I think no matter how much you love somebody. No matter how concrete your relationship is you wanna be with that person without their ex coming in and saying well the biggest mistake I ever made. Was you know not working things out with Max? That's a frustrating thing to have to get over. It is but I think of all the headlines that can be said about somebody. You're dating that's the most mild thing it's like. Oh she's great and amazing catch. Yeah I know thanks and I got her. So she's mine and they do keep it very private the two of them so maybe he doesn't really like the spotlight peacock that they're very close. I also don't agree that this headlines through You know it's there's any valid validity to this report but at the same time like you're right. It's part of his life her life. It's always gonNA happen. Ben Is Always GonNa come up in conversation and you do have to just kind of accept it. Luckily Jennifer Garner is. I don't even remember a bad headline about her heart. They like nothing bad comes out about her. And if there's that's whenever I think shit really hits. The Fan is whenever you're dating somebody and these rumors that are super bad or saying they stole or they did all these things. That's whenever it's harder it's harder you know. Friend DATES IS GROW. Who IS AN EXOTIC DANCER? And they met in the club and now he dates is girl and after seven months Yemen. You know I'm just trying to get her to quit her job and I'm like you can't do that to her like you met her there. She didn't start this career. When you guys were eighty and you know why she does it. She put yourself through college if she feels empowered. Let her life. Unless you'RE GONNA go ahead and pay for the UCLA and be Sallie Mae for that girl kit. Tell that person to walk out there even if you are even if you can't afford to take care of them completely. I don't know maybe she really enjoys dancing. Like you know I. I don't think that's fair to be like I can take care of. You don't need to work anymore no matter what your job is. Call me and let me take care of all your Sallie Mae Morgan Stewart. I know for a fact that you'd still work. That is very true. I would still work. You would still want. He's taking care of your true and so it's one of those things where like. Yeah thank you. That's a nice compliment. And it feels good the data man who can put you in that position or date a woman can put you in that position but if you still have the you know you want to accomplish things then don't ask me to quit my job. It's also that person has control over you then right and you no longer have your own income and one day you WanNa leave that person then you have to sort of go through a whole process that either gets you. It's just it's always better to have something of your own. Can I literally spend the card on whatever I want and I don't have to ask you for anything? 'cause that's GonNa have to be the stipulation cash cash. Put it somewhere else and let it. Hi. How validated Jennifer Gardner? Feel right now because a lot of times there was a lot of speculation. This person said this person's camp said this and you can't really tell your full story without doubting an addict and talking about the things that you went through so for him to now talk about some of the things that she experienced. She must feel like when Denise Richards finally was like Charlie Sheen. You're finally seeing Charlie G S. I had to deal with presidents and and that and tiger blood. It's like the sense of like. Wow this story finally came out. People don't think I'm just this poor helpless person just trying to be in love with this. This man yeah. Meanwhile I'm just trying to save his life because he's the father of my children.

Jennifer Garner John Miller New York Times Jin Garner Sallie Mae Morgan Stewart Sallie Mae JEN United States Japan Denise Richards California Charlie G Charlie Sheen MAX Yemen Ucla BEN
"sallie mae" Discussed on Borrowed Future

Borrowed Future

09:05 min | 1 year ago

"sallie mae" Discussed on Borrowed Future

"Plus interest later on Wednesday later probably like in the next five years probably will start like being able to really pay off so we're talking seventeen years from now how long time you're going to be an old man by that they'll probably how long do you think it'll take you to pay off your student loan I've been I'm doing it for probably fifteen to twenty years all my good even paying down your student loans for twenty years now you WanNa see gone I would love that would love it how much you win will I pay mafia but when I die I'm putting so you're like I'm GONNA pay off soon it'll take forever yeah I'll just pass onto my kid's student loan as it has a a freelance artist I think I keep paying it so you get to a certain age and then at that point it's just disobeys you're going to rely on the government to hopefully just pay these off eventually hopefully yeah good luck from Ramsey network I'm george camel and this is borrowed future podcast series exploring the one point six LEEANN dollars student loan debt crisis and the impact it's having on real people in this episode we'll talk about how we got into the student loan debt crisis in the first place and the predatory practices that keep borrower's debt Anthony O'Neill author of the bestselling Book Debt Free Degree describes how we got here back in one thousand nine hundred exceeded banks were not even considering giving students loans because they were high risk Barbara's clearly they were they were seventeen eighteen nineteen years old and so it was hard for me people get money to go to college but in nineteen sixty five the government you and I- taxpayers Gary t student loans so this means that if you want the Go-to this expensive school as long as you get accepted into the school you will get the money to pay for school federal government came in guaranteed loans cost colleges started izing motivated I bike as early as in the nineteen eighties because it was Katie's is free money let's get it we could charge these kids whatever because the federal government's going to guarantee the loan does it make me upset that nineteen year old who does not have a job who doesn't even know how to budget who's never even worked job for at least a good Allie ear they can just go in there sign for one hundred fifty thousand dollars in student loans they signed for something equivalent to a house they signed for something equivalent to two reform cars depending on what type of car you get does it make me upset that a young person can do that absolutely well with it makes me upset is that they could do that with that not even knowing what they're actually doing the consequence for that I didn't realize what I did at the age of nineteen years old but I quickly learned when I became homeless quickly learn and when I had to pay it back I borrowed ten thousand I pay back seventeen because did not so doesn't it me upset that anyone can just walk in especially eighteen nineteen year old and just borrow money does because they don't even really know what they're doing so forth to help us understand how to fix this mess we've got to look at how we got here in the first place let me explain after the Soviet Union launched the beach ball sized satellite called Sputnik in nineteen fifty seven America got a little insecure and decided our students needed more higher education to keep up with these Russian rocket scientists so President Eisenhower established a low interest student loan program through the National Defense Education Act in nineteen fifty eight to make it easier for middle class families to send their kids off to college this money came directly from the government sounds great doesn't it fast forward few years to nineteen sixty five President Johnson wanted to make loans and grants more accessible to poor students so he signed the Higher Education Act now it was even easier to go to college but it also changed the way these loans were funded the money would now come from banks instead of the government the banks loved it because student loans were now a low risk investment if students defaulted and couldn't pay back the loan the government guaranteed that it would put the build things really went off the rails when President Nixon created the Student Loan Marketing Association in One thousand nine hundred seventy two or `Sella may for art a better nickname sally may not the most creative name it stuck this was essentially a company created by the government to help college students borrow more money in the form of student loans they did that by helping Sallie Mae by loans from the banks which meant banks now had more money freed up to lend to students the best part the government guaranteed all of that money which really just shifted the majority of the risk to taxpayers he's not cool guys things went completely bonkers when the government decided to let Sallie Mae transition to a private company from Nineteen ninety-six into two thousand four while still guaranteeing their loans this meant Sallie Mae could focus on generating massive profits which they use to up there mark adding and crushed the competition they paid colleges to drop the government loan program and sign up with them instead sponsored cruises and trips for financial aid officers and sneakily put Sallie Mae employees in university call centers to talk to students who thought they were talking to college loan officers does this sound like a company he wants to do business with Sallie Mae put the Cherry on top in two thousand five when they convince Congress to add private student loans to the list of debts can't be forgiven making it nearly impossible to wipe away through bankruptcy that means if you can't pay you go to the grave with Sallie mae skipped thousand ten when President Obama decided to do away with the federal guaranteed loan program which led private lenders offer student loans at low interest rates he thought would save money by cutting out the middleman and taking away the government burden to guarantee private loans but it didn't save money at all in fact the Congressional Budget Office just increased ten year forecasts for the loan programs cost by thirty percent which amounts to an extra twenty seven billion dollars yeah so over the last sixty years the government with the help of banks and lenders may student loan debt more accessible and easier to get mission accomplished so if you're still tracking with me we're left with a giant dumpster fire that no one can seem to fix back in February twenty nine thousand nine the Wall Street Journal butte economist Alice Rivlin who led the Task Force during the Johnson Administration that created this system a federally guaranteed loans when asked what she thought the system after five decades her response was quote we unleashed a monster this time line of events laid the groundwork for an entire ordination could be duped into taking out student loans here's Dave Ramsey financial expert and host of the Dave Ramsey show he's seen the tides changed caustically over time when it comes to higher education and student loans the culture in the last three or four decades has dramatically shifted we went from saying education is a good idea that it's good to have some academic prowess it's good to do those to where it was complete league totally necessary and then it went to not only is it necessary but it's like a guarantee no matter how ridiculous your degree field is that you're guaranteed to be more successful and so you have to have this it was permission to play you couldn't even participate in the economy if you didn't go which was ridiculous set of assumption so it went from the idea that we value education and we value academia all the way to it's just permission to play and you can get a degree in anything you automatically are okay thus have ridiculous student loans associated with it there's a lot of blame going around when it comes to this crisis but a huge piece of this terrible puzzle is the mindset that college is necessary to become successful adult but as it turns out eighteen year olds with unlimited access money is a surefire way to avoid ever achieving that success Anthony oneal unpacked some myths that have led us into this mess there are too many main themes that have caused this crisis the very first one is our sleeping society is he as society we bought into some powerful myths without college we've not only bought in but we keep teaching us to our young people everyone needs a college degree a degree is worth whatever you half to pay for college is always a good investment student.

twenty years one hundred fifty thousand dol seventeen eighteen nineteen ye twenty seven billion dollars eighteen nineteen year seventeen years nineteen years thirty percent eighteen year nineteen year five decades four decades sixty years five years ten year
"sallie mae" Discussed on KSFO-AM

KSFO-AM

02:13 min | 2 years ago

"sallie mae" Discussed on KSFO-AM

"Alex, docs, all the time, man. A bunch of 'em keep their student loan debt around for decades. No reason to keep your student loan around. For decades, you need to just roll ball up. Your fist him busted in the nose. Just busted in the nose. Like, it's a bully all Sallie Mae as an ugly old bully you need to give her her fiction papers and put her on the street, man. There's some stuff to do here. Well, done very very well done eleven Chris is with us in Baltimore. Hi, chris. Welcome to the Dave Ramsey show. Hey, thanks. Dave. Thanks for taking my call. Sure. What's up? So you've probably answered this question before. The head of time. But my wife, and I plan on buying a house in about ten years. I'm in the air force. So I move every two and a half to three years. So right now, we've got our savings in a money market account. That's getting about two point three percent or so every year. Know, I've got roughly twenty twenty thousand in there. But I, you know, ten years out I'm trying to determine whether I should get the money in a Roth or just keep it in the money market. I would if you're gonna leave it alone five years or longer. I would not put it into a Roth. But I would put it into some mutual funds and let it grow. Okay. Because you're not earning anything now. Right. I mean, the money market money market is for five years and less goals, including the emergency fund should be under your should be in a money market type account, but the the rest of it needs to go to long term investing needs to go into good growth, stock mutual funds. And that's what I do with mine anything. I'm leaving alone. At least five years, I'm going to try to get a better rate of return on it. So open phones at triple eight eight to five five two two five the stock market jumps up into stock market jumps down. And it is a good solid investment. There's nothing wrong with being in good mutual funds. But there is really really really really risky. If your horizon is five years or less, meaning you're going to use that money. I'm saving up to buy a car in three years. Don't put that in a.

Dave Ramsey Alex Sallie Mae Chris Baltimore five years three years ten years three percent
"sallie mae" Discussed on WCBM 680 AM

WCBM 680 AM

01:57 min | 2 years ago

"sallie mae" Discussed on WCBM 680 AM

"Beltway ball of bankers which included it started with a company called Sallie Mae, which was a government sponsored entity back in the seventies. And by the way, one of your other guests who appears on your program frequently Catherine Austin Fitts. Yes. Served on the board of Sallie Mae back when it was actually controlled by the government, and she was there right at the nexus of when this company went from being a publicly sponsored enterprise to a wholly private for profit enterprise, and she can tell you many of the stories about people like Albert Lord Bill defender for and other executives at Sallie Mae who had no interest in serving the public and that every interest in making money off of this system. So you can point to Sallie Mae, and they're very disturbing. Also other groups like the consumer bankers. Association like many of the state run guarantors in the country like USA funds. These people were all in it for themselves, and they saw an opportunity make money, and they did everything they could to make these loans as oppressive as possible. And here we are twenty thirty years later living under the the fruits of their labor. What do you recommend for a parent who whose child is ready to graduate from high school, and they want to go to college? Well, the the only good advice that I can give at this point George is do not borrow and if you have to borrow do not borrow from a student loan company. So don't borrow federal student loans. Don't borrow private student loans from a Bank that they where they where technically it is called a student loan because soon as you call it a student loan, federal or private you lose, bankruptcy rights and. For federal loans. You lose statute of limitations,.

Sallie Mae Catherine Austin Fitts Albert Lord Bill USA George twenty thirty years
"sallie mae" Discussed on KFI AM 640

KFI AM 640

05:04 min | 2 years ago

"sallie mae" Discussed on KFI AM 640

"So clearly we've got a challenge here and one of the statistics that you cite in the graphic. Is that forty five percent of students are working year round to earn money in an effort to make college more. And I'm finding this rather astonishing that nearly half of college students are working, which of course, means the more. They're working the less time. They're spending on campus where they're benefiting from the both academic and extracurricular opportunities to learn and grow and develop as human beings. So of half of them are spending time working at jobs to raise the money. Let's face it college kids for the most part are not going to be earning forty or fifty grand a year in those jobs. They're probably earning minimum wage jobs on a part time basis barely making a dent in the actual cost of tuition and fees. Which for many kids is thirty forty fifty thousand dollars a year. Right. Correct. So we're putting the huge amount of challenge and stress on these kids, and I just want to know what your thoughts are on that. Yeah. And just to take a step back when we're talking about student debt and Sally May's role and who we are today. Just wanted to reiterate when Sallie Mae makes a. Private student loan, which is what we offer today. They are credit based in underwritten loans Los had a cosigner ninety eight percent of our customers are paying back their loans paid back on time. Again, if you talk about the one point five trillion dollars student loan debt that's out there today. Again, ninety three percent is made by the federal government. They're federal student loans, which is different than what Sally offers that being said, I agree when you talk about students working again, I think the other way to look at that agree students should be focused on their studies. When they're in school. I do think you're also seeing students taking additional responsibility, and what we look at how America pays for college or other students consistently stepping up and saying I want to share in the responsibility to pay for school. In addition, not just barring I will work to help pay some of that down while I'm in school. Now, you said something really really important. And this is why I was very excited to have you appear on the program because you said there, and I I just want to highlight this for everybody listening that. Sallie Mae does underwriting in its loan application process. Now, this is an important distinction from the federal program. We're basically it's the only loan of its type in the country where if you want to borrow money to go to college the federal government will give you the money without regard to whether or not you can ever repay the debt. Correct crap. Sallie Mae isn't doing that is it we are not so elaborate on that point. Because this is huge. I just want folks to really focus on this you walk into a car dealership to buy a Maserati and the car dealership says you wanna buy the car for one hundred fifty grand great sign here without regard to whether you're ever able to repay the debt. No car dealer would ever do it. No homebuilder would ever do it. No credit card company on the planet would ever do it because they wanna make sure that you can repay the debt forget about whether or not it's in your best interest. They wanna know they can get their money back. But only in the world of college. Do we have a system where an institution or a vendor or a manufacturer of some type issues a product put a sticker price on the product. And then says figure out how to pay for it. And then the student in this case, that's what we're dealing with the product is college education. The buyer is the student goes to the government and the government says, we'll write you a check of as much as necessary to pay that sticker price without regard to whether or not it's in your best interests without any regard to whether you can repay the loan. And no wonder we now have one third of college freshmen dropping out of school less than half graduate after six years. The average student indebtedness is thirty thousand dollars and amazingly those who are most likely to default are the ones who only oh five grand because they're the ones who dropped out his freshman. They leave school without a name job opportunities. But they still have the five grand debt. They can't pay it. They go into default ruins their credit. And now they're in a mess for the rest of their lives. But. Selling as not doing that? Tell me why Sallie Mae is engaging in underwriting. And what that process means. And the implications for the family, right? And I think you're absolutely right. We do we're assessing the ability and willingness to repay the making alone is responsible way to borrow in a responsible way to lend for that matter and to your point no one succeeds when a student defaults. Student when you talk about the federal government, not the taxpayer because there's a tax payer funded dollars from Sallie Mae perspective, we want to see our students and families be successful. And tonight earlier point ninety eight percent of our customers are doing just that. And again, it I think that goes back to responsibly lending and looking at stability willingness to repay before making that loan and taking it a step further when you think about paying for college, and we talked to students all the time about this. Whether it's barring from the federal program or a private lender you want to fund your education not necessarily lifestyle..

Sallie Mae federal government Sally May Los America ninety eight percent thirty forty fifty thousand do thirty thousand dollars five trillion dollars ninety three percent forty five percent six years
"sallie mae" Discussed on KTRH

KTRH

05:03 min | 2 years ago

"sallie mae" Discussed on KTRH

"So clearly, we've got a challenge here and one of the statistics that you. Site in the info graphic is that forty five percent of students are working year round to earn money in an effort to make college more forcible. And I'm finding this rather astonishing that nearly half of college students are working, which of course, means the more. They're working the less time. They're spending on campus where they're benefiting from the both academic and extracurricular opportunities to learn and grow and develop as human beings. So half of them are spending time working at jobs to raise the money. Let's face it college kids for the most part are not going to be earning forty or fifty grand a year in those jobs. They're probably earning minimum wage jobs on a part time basis barely making a dent in the actual cost of tuition and fees. Which for many kids is thirty forty fifty thousand dollars a year. Right. Correct. So we're putting the huge amount of challenge and stress on these kids, and I just want to know what your thoughts are on that. Yeah. And just to take a step back when we're talking about student debt and Sally May's role and who we are today. Just want to reiterate when Sally may make a private student loan, which is what we offer today. Their credit based in underwritten loans cosigner ninety eight percent of our customers are paying back their loans paid back on time. Again, if you talk about the one point five trillion dollars loan debt that's out there today. Again, ninety three percent is made by the federal government. They're federal student loans, which is different than what Sallie Mae offers that being said, I agree when you talk about students working again, I think the other way to look at that agree students should be focused on their studies. When they're in school. I do think you're also seeing students taking additional responsibility, and what we look at how America pays for college. Or other report students consistently stepping up and saying I want to share in the responsibility to pay for school. In addition, not just borrowing I will work to help pay some of that down while I'm in school. Now, you said something really, really important and. This is why I was very excited to have you appear on the program because you said there, and I I just want to highlight this for everybody listening that Sallie Mae does underwriting in its loan application process. Now, this is an important distinction from the federal program where basically it's the only loan of its type in the country, where if you want to borrow money to go to college the federal government will give you the money without regard to whether or not you can ever repay the debt. Correct. Correct. Sallie Mae isn't doing that. Is it we are not so elaborate on that point. Because this is huge. I mean, I just want folks to really focus on this you walk into a car dealership to buy a Maserati and the car dealership says you wanna buy the car for one hundred fifty grand great sign here without regard to whether you're ever able to repay the debt. No car dealer would ever do it. No homebuilder would ever do it. No credit card company on the planet would ever do it. Because. They wanna make sure that you can repay the debt forget about whether or not it's in your best interest. They wanna know they can get their money back, but only in the world of college. Do we have a system where an institution or a vendor or a manufacturer of some type issues a product plus a sticker price on the product. And then says figure out how to pay for it. And then the student in this case, that's what we're dealing with the product is college education. The buyer is the student goes to the government and the government says, we'll write you a check of as much as necessary to pay that sticker price without regard to whether or not it's in your best interests without any regard to whether you can repay the loan. And no wonder we now have one third of college freshmen dropping out of school less than half graduate after six years. The average student indebtedness is thirty thousand dollars and amazingly those who are most likely to default are the ones who only oh five grand because they're the ones who dropped out his freshman. They leave school without a name job opportunities. But they. Still have the five grand debt. They can't pay it. They go into default ruins their credit. And now they're in a mess for the rest of their lives. But selling as not doing that tell me why Sallie Mae is engaging in underwriting. And what that process means. And the implications for the family, and I think you're absolutely right. What we do. We're Sesing the ability and willingness to repay before making a loan, which is responsible way to borrow responsible way to lend for that matter and to your point no one succeeds when a student defaults student, and when you talk about the federal government, not the taxpayer those taxpayer funded dollars from Sallie Mae perspective, we want you see our our students and families be successful. And to my earlier point ninety eight percent of our customers are doing just that again, I think that goes back to responsibly lending and looking at stability willingness to repay before making that loan and taking it a step further when you think about paying for college, and we talked to students all the time about this. Whether it's far from the federal program or a private lender. You want to fund your education not necessarily lifestyle?.

Sallie Mae federal government Sally May America ninety eight percent thirty forty fifty thousand do thirty thousand dollars five trillion dollars ninety three percent forty five percent six years
"sallie mae" Discussed on WDRC

WDRC

01:43 min | 3 years ago

"sallie mae" Discussed on WDRC

"A smartvestor pros in your area that we are recommending and um and they'll sit down with you with a heart of a teacher and walk you through the process sydney's whether since sioux falls south dakota merry christmas said they how can i help maker cave i have a question for you i am working honoring painda my student loan and i have about five student loan through sallie mae and i didn't know trai working on from the bottom or i've tried to consolidate not having very much la doing that what are your and research uh between one nine nine point five for thurman ten point six two point five percent the un yeah very high knows a couple of the recently at some a consolidation you might get a lower rage have you got me laura rich offers um no because my debt income ratio is too high so i can't get on my my fell finland's are sallie mae loans the they should be a sally made the consolidation leaves them under sallie mae it shouldn't affect your current debt shouldn't be a big deal uh we heard about six months ago to work with them to try to consolidate them and they said they didn't do that who didn't do that that that valley maiden do it all they don't do it now you there's consolidation companies out there that'll do it okay so that's what you're looking for you wanna stay of sallie mae loan and you want to put them all together if you can get a lower interest rate on the total if you lower the rate air is no reason to consolidate them unless the rate is going down it doesn't accomplish anything you can pay off.

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"sallie mae" Discussed on KOA 850 AM

KOA 850 AM

01:42 min | 3 years ago

"sallie mae" Discussed on KOA 850 AM

"That we are recommending and um and they'll sit down with you with a heart of a teacher and walk you through the process sydney's with us in sioux falls south dakota merry christmas said they how can i help her cave i have a question for you i am working on repaying back my student loans and i have about five student loan through sallie mae and i didn't know if i sure trey working i'm from the bottom or i tried to consolidate not having very much longer doing that research um between one three nine nine point five percent and ten point six two point five percent the odd yeah very high no with a couple of the refinance on the consolidation you might get lower rates are we got any lower rich offers um no because my debt income ratio is too high so i can't get them my myself we may loans they should be a sally made that consolidation leaves them under sallie mae it shouldn't affect your current debt shouldn't be a big deal we guide about six months ago to work with them to try to consolidate them and they said they didn't do that who didn't do that but sallie mae didn't do it all they don't do it now you there's consolidation companies out there that will do it okay so that's what you're looking for as you wanna stay of sallie mae loan and you want to put them all together if you can get a lower interest rate on the total bank if you lower the rate air is no reason to consolidate them unless the rate is going down it doesn't accomplish anything you can pay all five loans exactly the same.

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"sallie mae" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

01:31 min | 3 years ago

"sallie mae" Discussed on The Dave Ramsey Show

"And um and they'll sit down with you with a heart of a teacher and walk you through the process sydney's with us in sioux falls south dakota merry christmas said they how can i help nick you cave i have a question for you i am working on repaying back my student loans and i have about our five student loan through sallie mae and i didn't know if i sure trays working on from the bottom or i've tried to consolidate not having very much loan doing that what are your interest rates uh between letsie nine nine point five percent and ten point six to twenty five percent on yeah very high and able to cope with the recently else on the consolidation you might get lower rates lower rich offers um no because my debt to income they she'll is too high so i can't get them by myself and luther loans they should be a sallie mae the consolidation that leaves them under sallie mae it shouldn't affect your current debt shouldn't be a big deal i we trade about six months ago a to work with them to try to consolidate them and they said they didn't do that who didn't do that he didn't do it how they don't do it now you there's consolidation companies out there that'll do it okay so that's what you're looking forward you wanna stay of sallie mae loan and you want to put them all together if you can get a lower interest rate on the total.

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"sallie mae" Discussed on KFI AM 640

KFI AM 640

02:25 min | 3 years ago

"sallie mae" Discussed on KFI AM 640

"You alone they can make something like two hours and fifty cents a month so over the course of 10 years they make something like a thousand bucks well if out same loan defaults they can make on the order of eight thousand dollars in a matter of just a few years three three now for four years and so there is a massive perorated incentive for the serb officers to want to assure these loans into default rather than remain in good stead sallie mae for example one of the biggest players on the block uh they paid a he was a threemilliondollar fine in two thousand a year two thousand four to fourteen people loans end mouse without even attempting to contact the bulk of course his uh so this is what it's come down to you this is just the worst of all big bad government monstrosities where the government can make more money the worst job they do uh administering the lunch and that is is absolutely a recipe for disaster and were right on the precipice as we speak alan share with us a story a you mentioned the one about the couple that jumped off their apartment building in manhattan but share with us a story of how this has affected somebody well coming back from the legend talking about all the morose cases you know the debt has a very unique effect on individuals eat according to their own situations but i mean in general the stress that goes along with having debt that is just growing and growing completely unmanageable uh tens ju just uh overwhelm borrowers and their families in sort of dysfunctions in unless you have a student loan you do not realise the scope of this problem it doesn't affect you if you don't have one or somebody who has won that's right yeah that's exactly right it's it's very hard to sort of empathize when you are not um stuck with the inflicted with this predatory did instrument uh but i can only tell you the you know the guys out there maybe yours folks who went to college back in the '70s eighty is when this was really a problem if what happen to today's students uh and since over the past ten years or so happened to them i guarantee you they would be out in the.

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"sallie mae" Discussed on WCBM 680 AM

WCBM 680 AM

02:21 min | 3 years ago

"sallie mae" Discussed on WCBM 680 AM

"A defining characteristic of a predatory lenny system they want you to default that's right and they make more money that they make problem money uh in fact that the big players to sallie mae zan the uh fears and the great lakes and the other servicers uh where obama kick the banks out of the program these same companies still both collected on healthy loans and collected on defaulted loans so far i hope he alone they can make something like two hours and fifty cents a month so over the course of ten years they make something like a thousand bucks well if out same loan defaults they can make on the order of eight thousand dollars in a matter of just a few years three three now for four years and so there is a massive peronnet incentive for the server shire's to want to assure these loans into default rather than remain in good stead uh sallie mae for example one of the biggest players on the block uh they paid a it was a three milliondollar fine in two thousand and your two thousand four to fourteen people loans in mouse without even attempting to contact the borrow worse sousse uh so this is what it's come down to you this is just the worst of all big bad government uh monstrosities where the government can make more money the worst job they do uh administering the lunch and that is absolutely a recipe for disaster and were rate on the precipice as we speak alan share with us a story a you mentioned the one about the couple of jumped off their apartment building in manhattan but share with us a story of how this has affected somebody well coming back from the legend talking about all the morose cases you know the debt has a very unique effect on individuals eat according to their own situations but i mean in general the stress that goes along with having debt that is just growing and growing interest completely unmanageable uh tends to just uh overwhelm borrowers and their families in sort of dysfunction in ah unless you have a student loan you do not realise the scope of this problem is doesn't affect you if you don't have one.

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"sallie mae" Discussed on WIBC 93.1FM

WIBC 93.1FM

02:25 min | 3 years ago

"sallie mae" Discussed on WIBC 93.1FM

"Uh their defaulted mortgages horrible situation but in fact during that same time the cost of college actually accelerated and borrowing accelerated greatly uh uh the numbers are just down and vote or lack of political courage to deal with this problem is uh probably we will is most infuriating i mean this is a debt burden that no other generation uh in this nation's history uh as ever had to face catherine ashton sets has been a champion for what you do uh in we just think the world of her that's right uh yeah i'm this is fitch is uh absolutely us as an astoundingly as it turns out uh guy brilliant resume that one of one of her uh accomplishments was that he actually served on the board of sallie mae back when they were still a governmentsponsored entity so sallie mae going back to the 70s was initially set of the federal government to repurchase loans from banks over time sallie mae became a leap to four profit entity and catherine awesome fits was um as soon as luck would have it uh actually served on their board now and and you should ask her about this but she will tell you that she was disgusted at what she saw uh albert lord and other executives of the company they wanted only to make money they had zero so uh concern for the public good for the uh you know for the job they are actually supposed to be doing the only goal was to make money and you know i think she said at a board meeting at some point uh you know i know how to do things have produced things and you know the end result is that you make money but i don't really know how to actually just make money for making money fake and so uh you might uh in she can tell you a lot more about this um she didn't last long on the board she was sort of politics out of there she didn't fit with their corporate keys anything being done on the congressional level to fix this great point you know we've been we've been fighting on our own without any help from congress for the past twelve years that i've been doing the how ever uh just uh this session a bill was introduced hr 23 66 by both.

sallie mae federal government congress catherine ashton fitch twelve years
"sallie mae" Discussed on KELO

KELO

01:34 min | 3 years ago

"sallie mae" Discussed on KELO

"He actually served on the board of sallie mae back when they were still a governmentsponsored entity so sallie mae going back to the 70s was initially set up by the federal government to repurchase loans from banks well over time sallie mae became a leap to profit entity uh and catherine austin fifth was um oh as as luck would have it uh actually served on their board now and and you should ask her about this but she will tell you that she was disgusted at what she saw uh albert lord and other executives of the company they wanted only to make money they had euro uh concern for the public good for the uh you know for the job they are actually supposed to be doing the only goal was to make money and you know i think she said at a board meeting at some point uh you know i know how to do things have produced things and you know the end result is that you make money but i don't really know how to actually just make money for making money sake and so uh you might uh in she can tell you a lot more about this generalized long on the board she was sort of politics out of there she didn't hit with their corporate policies anything being done on the congressional level to fix this great point you know we've been we have been fighting on our own without any help from congress for the past twelve years that i've been doing how ever uh just uh this session a bill was introduced hr twenty pre 66 by both.

sallie mae federal government congress catherine austin twelve years
"sallie mae" Discussed on KOIL

KOIL

02:20 min | 3 years ago

"sallie mae" Discussed on KOIL

"Talking of others laws home most indepth news talk this is news talk ninety well in the lobby of ramsey solutions jesse and i'm manda are where this hey guys welcome welcome oriole from indianapolis suburbs not too bad of drive down the nashville but still a pretty good all no thanks for hanging out with a so you're here to do your debt free scream yes we are i love it how much of your paid off seventy nine thousand six twenty three of four i believe pretty close and how long did that take about seventeen months white ago dude very well done and you're range of income during that time i was about 135 140 okay and uh what did you sell nothing we had a little bit of my saved back but we are lifestyle allott a bunch okay how much more europe site back about twenty two okay that makes me smile might have a little bit better but still you lived on nut thing i mean you've been on bain's entourage rice and beans we were close very cool what kind of debt was the eighty thousand serving a vix noticed a sally it was all sallie mae yeah every bit of it was after ten years of paying on it while and what's the degrees in as my jaidee there was you the okay i'll him okay all right so you're you're a lawyer yes okay very cool and how long have all been married uh sewer five years now okay so you married into this mess i dead i came in at that free and had a little bit of cash now married and not so rich lawyer i love them said i gotcha okay now he's a lot richer very well done very well done so what happened seventeen months ago do you know what happened is we got on the same team fighting for the same call we had had a budget and we had hacked cash for since we got married burn fat and we were on the same plan for the same thing and my.

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"sallie mae" Discussed on WLAC

WLAC

02:09 min | 3 years ago

"sallie mae" Discussed on WLAC

"In the lobby of ramsey solutions and jesse and amanda are where this hey guys how are ya lee great welcome welcome oriole from indianapolis motor suburbs not too bad a drive down the nashville bestow a pretty good all no thanks for hanging out where the so you're here to do your debt free scream yes see i i love it how much of your paid off seventy nine thousand six twenty three of four i believe pretty closer and how long did that take about seventeen months white ago dude very well done and your range of income during that time as about 135 140 okay and uh what did you sell nothing we had a little bit of my save that but we are lifestyle allott uh bajaj okay how much money you have save back about twenty two okay that makes me smile my up a little bit better but still you'd lived on nothing i mean you've been on bain's and rise rice and beans lira close very cool what kind of debt was the eighty thousand had to serve noviks noticed sally aw all sallie mae yeah every bit of it was after ten years of paying on it while and what's the degrees in as my jaidee it was you yucca are hand okay all right so you're you're a lawyer yes okay very cool and how long we all been married to over five years okay so you married in the this mess i dead i came in at that free and had a little bit of a cash now married of not so rich lawyer i said i love them said i gotcha okay now he's a lot richer radio very well done very well done so what happened seventeen months ago do you know what happened is we got on this same at team fighting for the same goal and we had had a budget and we had had cash for since we got married uh by and we were on the same plan lighting from the same thing and.

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"sallie mae" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

01:41 min | 4 years ago

"sallie mae" Discussed on The Dave Ramsey Show

"And at one of those evil college professors the you buy something practical for la madeleine college professors added gulkhoja reversers evil of fun very far so what kind of debt or these we were very normal we had just about one of everything i had i owe the irs money i had credit card i had a line of credit at a car alone and i had a student loan student loan oh sallie mae became very cool so obviously you made plans to get married that might have been part of the story in what else prompted this eight months ago well it was a college bill so one of her daughters is not too here's in college and went to very expensive school that i had not planned for well at all we were visiting family and trying to relax and this college bill came do and i was on the phone during this vacation talking to the college begging them to give me ten more days to come up with six thousand dollars and i was making too much money to be growth but i was broken i couldn't pay couldn't pay my bills um so i was dating melissa who'd been listening to you for fifteen years and think you'd like the story she's very crafty about it she she said well you know just stood you can do this does we're going to focus everything you having a stopping in retirement we're gonna follow these simple rules and just get on we can we can tackle this didn't mention daveramsey good not automobile i didn't make sense to me as i stay seems very smart lady so i trust you i'm gonna go with you.

sallie mae melissa la madeleine college irs six thousand dollars fifteen years eight months
"sallie mae" Discussed on WLAC

WLAC

02:34 min | 4 years ago

"sallie mae" Discussed on WLAC

"Everything abidi ferry now i hear you crack our fellow have an eighty at court hearing william baer breakdown how can we are increasing in here now of iraq down that road i can pay it will high to piggyback mmhmm student loan debt do you have mm balance and why are you following bankruptcy the new noncompany refer four they didn't so you for not yet does he is sallie mae loan let's not by the bill not only is so that is is not sallie mae there madam secretary's for having me is usually this isn't a so a government insured loan pat crowley federal funding hannity tonight confirm if not a federal airline okay well we don't foul bankruptcy and some were making a threat okay if they follow through on the threat and they garnishee your wages are calls problems in your life you might be forced into bankruptcy but because somebody says blue you don't run off the road into the ditch okay and our mediterranean airways because i have you already fire higher i have thought you said you were going to okay well it's on is water under the bridge that all right so to answer your question how do you start fresh have you got in the new job and half hour at houari hired or accompanying in may on right now i'm only work in about two hours a week at nine dollars and now i show your biggest challenge is your income there in her and so solving that in creating a career path to get on to make more money and continually grow your income continually grow your career don't stop at nine dollars an hour that's just that just gets the wolf wave nor or puts fellow food on the table will that's not what we're stop and we've got to do something to move up that ladder either in that company and or somewhere else and if that means taking some clashes at night that you pay cash four but they don't need to be random clashes and need to be something very very specific the causes you to get a very very specific job something that calls you'll make money you follow me mm her near you don't go take english at the local university uh.

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"sallie mae" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

01:52 min | 4 years ago

"sallie mae" Discussed on The Dave Ramsey Show

"It is it's not in its little profit yeah it is not an safavid go to it so that is just not sallie mae lou it's not the end they took over salary may is your this isn't a so a government insured loan in nicer off called federal so many times and they've car is not a general theory that mind okay well we don't fall by roshan someone making a threat okay if they follow through on the threat and they're gonna she your wages are calls problems in your life you might be forced into bankruptcy but because somebody says boo you don't run off the road into the ditch okay and also mentoring the it was also because i had have you already filed a half uh i had thought that you were going to okay well it's on it's water under the bridge that all right so to answer your question how do you start fresh have you got in the new job i have uh our actually hired and four accompanying in may um right now i'm only work in about thirty hours a week at nine dollars and now so your biggest challenges dream come this half so solving that in creating a career pass to get on to make more money in continually grow your income continually grow your career uh don't stop at nine dollars an hour that's just that just gets the wolf wave or puts philo food on the table that's not what we're stop and we've got to do something to move up that ladder either in that company and or somewhere else and if that means taking some classes at night that you pay cash four but they don't need to be random classes and need to be something very very specific the causes you to get a very very specific job.

sallie mae roshan philo nine dollars thirty hours