Many of us students here at BSU (and at colleges all over the world) have had to take out loans for our education. We might sign our names on a surplus of documents and then in a way, we feel those loans are out of sight, out of mind.
Too bad they don’t really go away. A lot of students find themselves graduated and with a degree, yet without an immediate job, and they can’t necessarily pay their loans back right away. Sallie Mae, one of the most prominent college loan companies, offers forbearance for these former students. Forbearance is an agreement made with the college loan company that allows the Graduate to suspend making payments for an agreed amount of time without an extra penalty. Sallie Mae is charging fifty dollars for forebearance, which has caused quite a stir among college graduates, including graduate Stef Gray, who believes it’s absurd for college students to have to pay money so that they don’t have to pay their loans right away. This does seem to be a Catch 22, doesn’t it? Paying so that we don’t have to pay?
When we think about it, it’s quite likely that we won’t have an immediate job- or at least the job in the professional field we majored in- when we graduate from college. To top it off, there will probably be a great many of things we will need to pay for. Let’s face it, that part of after-college reality is unpleasant, and this is what graduates are facing.
And so back to graduate Stef Gray: she had many expenses needed to be paid off and wasn’t aware that she would have to pay a fee for her forbearance because she was unemployed. Fed up, she took an impressive action and decided to protest the fee- one of her modes of protest being the website change.org, a site where anyone can take a stand on an issue they believe is worth protesting about. Apparently, others found Stef Gray’s argument worth protesting for, because more than 77,000 other college graduates signed this particular petition that she proposed. It turns out that Sallie Mae listened ; although they didn’t drop the fee for those wanting forbearance, starting February 2, 2012, they will refund the fifty dollars once the students start paying their loans by the agreed time.
So although Sallie Mae didn’t give the graduates exactly what they wanted, the graduates still got attention from Sallie Mae about an important issue. I hope that everyone is still with me and getting the point I’m trying to make. Even US college students or recent graduates can be heard by big American corporations if we believe in and fight strongly enough for the cause we are supporting.
Do you agree with Stef Gray that this $50 fee is unfair, or do you believe Sallie Mae was simply taking care of necessary business? Is there something you believe is worth protesting about?
{ 1 comment }


