Tuesday, September 25, 2007

Something's Wrong With This Story...

"...Jan Yoder was preparing for her son's funeral when the phone rang. It was another student loan collector wanting to know when her son would pay up.

Her terse response: Jason is dead. And, she said, "You are part of the reason he took his own life.''

Her terse response: Jason is dead. And, she said, "You are part of the reason he took his own life.''

It was those calls and the burden of crushing debt, she says, that led her depressed son to take the drastic action of killing himself late last month. He did so in the Illinois State University chemistry building in Normal -- in the very lab where he did his research to earn his master's degree.

"It made him feel lower than low to tell somebody every week, 'I don't have a job,'" his mother says now. "It drags you down. You feel like nothing...''(source)

Unless this guy had some back alley loans from Fabrizzio & Dinunzio, Inc., he wouldn't have had to make any payments if he was enrolled in even one class. If he was getting calls it means he didn't take 10 minutes to fill out the academic deferment form online. There are so many ways to put off student loans... My 67 year old doctor told me he's still paying his off because he deferred them for economic hardship for so long. From what the press has reported Philadelphia Mayor John Street has yet to repay his student loans.

"...While relatives acknowledge Yoder had fought depression on and off for years, advocates for student borrowers say his case is another example of a student feeling trapped by student debt..."

I don't know, maybe just an easy scapegoat and a mom's way of not dealing with the fact that her son had serious issues...? Debt sucks, but student loan debt is the least of your problems. They are so easy to work with (and I know this because I've been a SAHM for 8 years).

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