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Default: the Student Loan Documentary (Broadcast Model)



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Default: the Student Loan Documentary chronicles the stories of borrowers from unique backgrounds affected by the university student lending sector and their struggles to improve the technique. No matter when their loans had been taken, quite a few borrowers obtain themselves in a paralyzing predicament of repaying two, 3 or various moments the original total borrowed, with no individual bankruptcy security, no cap on fees and penalties and no recourse to the law. The outcomes are dire, with stories of borrowers in economical and psychological wreck.

This version was launched on PBS late Oct 2011 and has considering the fact that absent on to monitor at above 142 community broadcasting stations, screened at above two hundred faculty campuses and functions, featured in above two hundred media shops together with The Nation, Forbes, the Washington Post and the Wall Avenue Journal.

We are pleased to release the documentary for absolutely free on the internet, for anybody who needs to understand a lot more about university student credit card debt and for teams who want to arrange for improve.

Serge Bakalian
Aurora Meneghello
www.defaultmovie.com

47 comments

  1. I can't find that fb group.

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  2. This will not be fixed by a government that is owned by the banks. Give me a break.

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  3. At this point I have to get a second job and try to work 50 plus hours a week while living with my parents for free in order to pay off the loans in 3-5 years. That's the best case scenario and I'm 34 years old. That's if they'll even let me pay them off paying almost every last red cent I make during those years.

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  4. Stop picking schools based on your "feelings" Go to a local community college. Work as you go through school. Stop buying things you don't need, and stop blaming others for your problems.

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  5. a profoundly sick and disgusting predatory shortsighted system that will only further decimate the economy as less and less Americans can participate in it and instead are crippled debt slaves.

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  6. welding jobs out of high school pay 20 bucks an hour. It is possible.

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  7. College people told me that I was too dumb to go to college it was because of my dyslexia. I was there for about a day and I just quit. I just couldn't keep up with all the rest of the people.

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  8. seems that education loans are a SCAM!

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  9. The universities determine the tuition and fees, not the banks. How about holding the school administrators who set the prices and then mishandle the money accountable instead of the lenders? Citibank and Merrill didn't force Rutgers to lose $300M on its sports programs in the last decade.

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  10. FACT College is not for everyone. Most of these people shouldn't have went to college. I feel nothing for them.

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  11. I actually have my first degree (associate's) took me the two years to complete. I spent nothing on it because I was on full scholarship, the only money I sent because of college was money for transportation which was about $10 a week, so less than $50 a month I spent to a get a degree, not only that, but I have a lot of money to my name for somebody my age. And no one died, no one gave me a bunch of money other than the $10-100 a year on your birthday as a gift.

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  12. I've taken a vow to never take out a loan in my life because I knew from get that they were a rip off. I will never loan money in order to get an education, it either has to come out of the money I already have at my disposal or from scholarships.

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  13. It took me 5 years in a well paid job to pay off a £10,000 student loan. That was back in 2002. How the hell are kids going to pay off their loans these days. It's disgusting.

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  14. The rich rule over the poor, and the debtor is slave to the lender. I'll never forget the day that paid off my student loan debt. It is so easy to get a loan. It took me a little over 10 years to pay mine off. While I'm not in agreement with this guy to let people completely off the hook for their student loan debt, I am in agreement that the cost to go to college should be drastically reduced to make getting an education affordable for the average person.

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  15. The weird thing is that America is rich enough to solve it.
    But people are so hell bend on the military, that they are willing to spend 800 billion dollars a year on it. SO weird.
    Just dial it down for just a year… to 400 billion… and spend the other half on education. Problem solved.

    And I don't blame the government completely for that. It's also the population who put soldiers on padestals and consider military power as a virtue.

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  16. I have no student loan and no Bachelor degree but and i have a 6 figure income because I'm hard headed and I worked hard to get the job I have now. At the end it is not a piece of paper it is the skills you earned in jobs over the years. My degree from Germany is compared to a associates degree here in US but all my supervisors I had in the past couple years tell me that this degree is worth much more than a bachelor degree from one of this worthless university's. Education is not a right it is a privilege and not everybody has the brain to go to a university but everybody can build up skills to get a good paying job if he or she wants.

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  17. A fool and their money are soon parted fatty

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  18. Given the high loan interest, the best solution is to get a job, and study at part time in an university; it may take longer to get the degree, but at least you avoid the loan and its ruinous interest.

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  19. I really complain you; in France I was able to do engineer studies for rather cheap, only paying for food and lodging (at a reasonable price), and nothing else; my father paid for it, and I didn't have to make a loan, I haven't been enslaved by a debt; I have never considered making the least loan.

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  20. I got an engineer degree without making a loan…but not in US!

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  21. The banksters stealing money from students.

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  22. Have hope people

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  23. So pathetic.

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  24. I owe more than $100,000 in student loans and at 50 years of age and currently unemployed I doubt I will be able to pay it back before I die!

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  25. 15:17 Those feels. It's really terrible how private loan companies harass their debtors. You can tell she truly cares about educating students about loans.

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  26. I think that this documentary shows one thing. Which is that the very first course you attend at college should be an education course before students sign on the dotted line. And that course should consist of financial advice/education regarding such things as compound interest, and how the whole loan industry works. Then, once you have the necessary level of knowledge, the student is free to make an INFORMED decision on whether or not to proceed to college. The basics could be taught in one day, and perhaps charge each student one hundred dollars/pounds or whatever. that would be fair to both the loan industry, and the prospective students. Just a thought…

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  27. What happened to the possibility of going into the traditional trades?…we have so demeaned the trade sector of the economy. We have characterized the trades as the place to go for the less intelligent and less capable. Nothing could be further from the truth. In Germany the Mercedes-Benz factory selects the most motivated and capable high school students to participate in a program that grants them positions in the private sector where there starting salaries are extremely competitive with those of college graduates. Then again in high school the trades are downplayed and the notion of encouraging going into business for oneself in never brought up as a viable alternative for one's life work. So much waste of potential. The fact that most students that start college never finish proves that most of them were pushed into going against there own wishes. But for the sad folks in this story, sorry, too late……

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  28. …was that Blonde "evan Rachel wood's" twin sister ? 😉

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  29. What application did you use to make this? Is it suitable for fifth graders doing a group project to make a documentary?

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  30. huh it makes sense to not be able to discharge bankruptcy on a student load. You take a 150 000$ loan for studies in medicine. Can't find a job and don't own shit because you're a student. You would just have to declare bankruptcy to get away from it.

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  31. this is because human mostly are fucking sheep

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  32. We just all need to default at same time. It will burst the student loan bubble.

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  33. I rather not go to college than go in debt. I can go for a 2year degree in a community college and working to pay for classes till I graduate. The reason why people go in debt for education is more because of prestige

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  34. My accounting degree in Australia totals up to $25k in total in Australia. You Americans get ripped off but that doesn't matter with all the knowledge you gathered in college Start business and some money.

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  35. It should be like every other kind of loan. You should be absolved through bankruptcy. About 350,000 people and businesses declare bankruptcy every year. I dont know why students cant declare bankruptcy

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  36. my bad grades in high school and college saved me from becoming a debt slave hahaha. high school 2.1 GPA only accepted to community college, failed all my community college classes constantly, dropped out got a job at a oil rig best decision ever. awww bad grades I love u, u made me dodge this debt bullet lol

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  37. Voting for Trump will solve these bankruptcy needs for student loans. Hillary will give everything to the bankers, even debtor prisons.

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  38. Student loans are government traps. You want to get a degree, but over half of all graduates are without a job. I owe almost $100k, and work full time, but i dont even make enough to make a standard payment. It should be illegal for the government to charge interest on student loans! There is a revolt building against Federal Student Aid. Even if i make payments, the interest keeps building faster than I am able to pay! This is wrong! 😡

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  39. These deadbeat idiots really piss me off. You borrowed the money, now pay it back! I paid of $42K in student loans while working crap jobs that had nothing to do with my field that I graduated in. "I'm not working my dream job." "I didn't know I'd owe this much money." "I was only eighteen." Waaaaaahhhhhhh! If I were your parents, I'd be embarrassed as hell to have you as a kid. To all of you that blame it on the banks, schools, corporations, politicians, or whomever you can dream up, suck it up buttercup. Welcome to life.

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  40. Holy Quran 2:275 Those who charge usury are in the same position as those controlled by the devil's influence. This is because they claim that usury is the same as commerce. However, GOD permits commerce, and prohibits usury. Thus, whoever heeds this commandment from his Lord, and refrains from usury, he may keep his past earnings, and his judgment rests with GOD. As for those who persist in usury, they incur Hell, wherein they abide forever

    The Quran forbids usury, Usury is defined as excessive interest. A Dictionary defines usury as "an excessive or inordinate premium for the use of money borrowed", "extortionate interest", or "the practice of taking exorbitant or excessive interest."

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  41. Oh those poor Master's degree students choosing to stay in school even longer for more money. Why not just gain work experience using your bachelor's and then do a Master's part time at a later date with money you saved instead of using money you borrowed? Because that would be less fun in the immediate future.

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  42. Trump 2016 he will let us file bankruptcy for our student loans.

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  43. Theirs always a second job after college. Deliver pizza 20 hrs a week and 1000$ extra a month. Sometimes the work does not end after we graduate

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  44. Never a borrower or lender be. Some mortgages to buy a house may be sensible for some, any other debt should be avoided.

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  45. The mafia at work!!

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  46. Sounds like a lot of folks are horrible with money!

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  47. The Harvard Law graduate need to move. Why is he making so little? That doesn't make sense. They easily average in the 90's +.

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