Student Loan Debt Quotes

If you must know, my parents came from pretty hardscrabble backgrounds in the southern Midwest. I certainly didn't grow up poor, but I did spend my 20s and early 30s juggling temp jobs and choking on massive student-loan debt. ~ Meghan Daum

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

Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts. ~ Suze Orman

Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have? ~ Suze Orman

Indentured servitude is banned, but what about students seeking to sell shares of their future earnings in exchange for money up front to pay for their college tuitions? ~ Robert B. Reich

Rising student-loan debt is an economic emergency. ~ Elizabeth Warren

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

More than ever, a college diploma unlocks economic opportunity, provides students with a wealth of new skills and knowledge, and encourages innovation and growth. But more than ever, it also comes with a mountain of student loan debt. ~ Mark Pocan

Top Five Chinese Rules
1. Respect your parents, your elders and your teachers. Never talk back or challenge them under any circumstance.
2. Education is the most important thing. It's more important than independence, the pursuit of happiness and sex.
3. Pay back your parents when you are working. We were all born with a student loan debt to our Asian parents. Asian parents' retirement plans are their kids.
4. Always call your elders "Uncle" or "Auntie," even if they are not related to you. Never call them by their first names.
5. Family first, money second, pursue your dreams never. ~ Jimmy O. Yang

Student loan debt is crushing young people. And so they're not doing the things we would expect them to do. They're not moving out of their parents' homes in as big a numbers, they're not saving up money for down payments, they're not buying homes or cars or starting small businesses or doing any of the things that help move this economy forward. ~ Elizabeth Warren

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

Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college. ~ Vivek Wadhwa

Hey, Mom. Hey, Dad. Oh, I'm good, you know. Mostly. I guess I'm in a bit of a spot. You see, I fucked a patient while I was on the clock. I mean, it's fine, because I thought I liked him, and we didn't get caught. But then I had sex with him again...totally off the clock this time...and we did get caught and then I got fired. Haha. I'm totally broke. Can I move back home?
That wasn't exactly how the conversation had gone. I'd have died. But I had told my parents that St. Andrew's hadn't worked out, and my Dad at least had an inkling as to why. Despite my being a colossal fuck-up and throwing away everything I'd ever wanted over a guy, they were letting me move into my old room.
Not ideal. Surely. But I'd just cleaned out my checking account to make my student loan payment, and rent was due in a week, and no one was exactly jumping out of their skin to hire a deaf waiter or a deaf receptionist while I looked for something permanent. It was moving home or living in my car, I guess ~ Peter Styles

This book argues that the history of federal student loan policies is best understood as a series of messes in which attention became focused on some particular aspect of a larger problem and well-intentioned policies were devised to address each narrowly defined concern. ~ Joel Best

Believe it or not, when we were first married, our combined monthly student loan bills were actually higher than our mortgage. ~ Michelle Obama

Students can spend their money better than government can. It should not require a federal loan and decades of debt for students to get a college degree. Price limits access - plain and simple. ~ Rick Scott

The word 'personal' is one of my aversions. Personal loan. Personal hygiene. Personal safety. It's only a way of wrapping up bad news that you're in debt, or dirty, or likely to be mugged. ~ Helen Dunmore

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

The American Dream is not being dependent on the federal government for your health care, for your automobile, for your college education, for your student loan on and on and on. ~ Marsha Blackburn

Dear Black Women… Save, Invest, and Spend Less. Save because you just never know what will come up. This will save you from having to borrow from friends, family, or going to get a payday loan. Invest so that you'll have something of value to show for. Investing also helps in building WEALTH. Spend less so that you're not broke, living paycheck to paycheck, and/or in a lot of debt. Don't allow money to control you. Take charge! Keep, and/or get your finances in order. Value your money and be mindful of how and what you're spending. ~ Stephanie Lahart

A small loan makes a debt; a great one an enemy. ~ Publilius Syrus

We can talk about republican or democratic approaches to the economy, but until you fix the student loan bubble - and that's where the real bubble is - and the tuition bubble, we don't have a chance. All this other stuff is shuffling deck-chairs on the Titanic. ~ Mark Cuban

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt. Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest. ~ Thomas A. Edison

If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that. ~ William J. Clinton

Government's running the student loan program; what in the world could be wrong with it? If the government's running it, if Obama's taken it over, and he's got a lot of compassion, a big heart, loves people, what could possibly be wrong with it? And then the subject of tuition came up, and how come tuition never gets cut? Why does tuition always go up? Guarantee, folks, when you subsidize something, if you run a university and the government's gonna subsidize parts of your operation, why in the world should you cut anything? ~ Rush Limbaugh

What people do is they pay the small loans first. Why? Because they enjoy making the number of loans smaller. But of course it is a very ineffective way to pay debt down. ~ Dan Ariely

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

Sharecropping is the dirty little secret at the root of America's wealth - along with slavery itself. The immense profits generated by the industrious yet impoverished Black "sharecroppers" and "tenant farmers" financed Europe's and America's Industrial Revolution, including the building of their railroads, factories, mills, and their entire infrastructure. It is truthfully asserted that the major cities of America and the Western world were "built with bricks of cotton." Today the debt traps designed to ensnare the working poor and middle class in a lifelong cycle of debt - the high-cost installment loans that charge usurious interest rates of 100% or more, the "payday" loans that charge 400% interest, the extortionate credit card multi-charges, the subprime mortgages with ballooning interest rates, and the home equity loan swindles - are the bastard children of the sharecropping American South. It ~ Reclamation Project

I let her know that I expected as much money with their daughter as would pay off my remaining debt for the printing-house, which I believe was not then above a hundred pounds. She brought me word they had no such sum to spare; I said they might mortgage their house in the loan-office. The answer to this, after some days, was, that they did not approve the match; that, on inquiry of Bradford, they had been inform'd the printing business was not a profitable one; the types would soon be worn out, and more wanted; that S. Keimer and D. Harry had failed one after the other, and I should probably soon follow them; and, therefore, I was forbidden the house, and the daughter shut up. ~ Various

Banks are nothing but old fashioned money lenders. They encourage you to borrow, to get in debt, and when you can't pay back the loan they take your home away. At least a money lender only breaks your legs. ~ Karl Wiggins

When I get asked the question, "Do I want to loan you money?" I want to know, how much do you earn? How much do you owe? What is your net worth? When people talk about countries for some reason they only ask how much did you earn and what's your debt? ~ George Friedman

You don't have the body you don't have a debt. Ask for a loan. ~ Simon Mashalla

This is the debt I pay
Just for one riotous day,
Years of regret and grief,
Sorrow without relief.
Pay it I will to the end
Until the grave, my friend,
Gives me a true release
Gives me the clasp of peace.
Slight was the thing I bought,
Small was the debt I thought,
Poor was the loan at best
God! but the interest! ~ Paul Laurence Dunbar

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

So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful. ~ John Perkins

The person, whom you favored with a loan, if he be a good man, will think himself in your debt after he has paid you. ~ Richard Steele

America has so much debt, if she were a person she'd need a co-signer to get a car loan. ~ Dov Davidoff

The new American dream is one of responsibility. What is the bottom-line number that you're going to be able to pay back toward a student loan responsibly if you're doing it yourself after you have a job? That dictates the amount of money you can borrow. That dictates the school you can go to, if you can even go to a four-year college at all. ~ Suze Orman

One can pay back the loan of gold, but one dies forever in debt to those who are kind. ~ Malayan Proverb

Escape procedures, however, were in full force. Some people, in a frenzy of antipathy and boredom, were drinking themselves into extreme approximations of longing to be together. Exchanging phone numbers, demanding to have lunch, proposing to share an apartment - the escalations of fellowship had the air of a terminal auction, a fierce adult version of slapjack, a bill-payer loan from a finance company, an attempt to buy with one grand convivial debt, to be paid in future, an exit from each other's company at that instant. ~ Renata Adler

Some refuse the loan of life to avoid the debt of death. ~ Otto Rank

The loan crisis and the increasing slashing of funds for students, coupled with the astronomical rise in tuition, represent an unparalleled attack on the social state. The hidden agenda here is that when students graduate with such high debts, they rarely choose a career in public service; instead, they are forced to go into the corporate sector, and I see these conditions, in some ways, as being very calculated and as part of a larger political strategy to disempower students. ~ Henry Giroux

Absolutely pay off your credit card debt, because a child can always get a loan to go to school, possibly a scholarship, a grant. ~ Suze Orman

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

We often pay our debts not because it is only fair that we should, but to make future loans easier. ~ Francois De La Rochefoucauld