Sallie May employees hit the beach while millions suffer under crushing loan debt.
The student loan industry is a fraud. Under the guise of “aid” it’s a racist, sexist, classist feudal system designed to keep control of the lower classes collecting billions from those who try to improve, who would keep the money in the community.Damn, if their interest rates weren't so high and continued to accumulate every year, I'd be able to go to Hawaii too. I've been paying for 8 years and owe more now than when I started payments.
“So we’ve had good years, we’ve had bad years,” Quinlan said, indicating Sallie Mae has been going on these trips since they started in 1970. It has always been a “recognition of the hard work” of the sales team, he added. In 2014, Sallie Mae split into two separate companies: Sallie Mae and Navient. Sallie Mae remained a consumer banker and lender for private student loans. Navient is a student loan servicer.
While they celebrate a “job well done,” it should be noted that student debt impacts people of color more than other groups. A recentfound that “graduates of historically black colleges had 32 percent more debt than students at other colleges” and that most hadn’t begun making payments several years after graduating, adding to the wealth gap in this country.
The student loan crisis is a big agenda item for politicians, many using it as a platform for the upcoming 2020 election, including Bernie Sanders.
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