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xchrom

(108,903 posts)
Wed Jul 4, 2012, 07:16 AM Jul 2012

The Ones We've Lost: The Student Loan Debt Suicides

http://www.alternet.org/economy/156153/the_ones_we%27ve_lost%3A_the_student_loan_debt_suicides/

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One evening in 2007, Jan Yoder of Normal, Illinois noticed that her son Jason seemed more despondent than usual. Yoder had been a graduate student in organic chemistry at Illinois State University but after incurring $100,000 in student loan debt, he struggled to find a job in his field. Later that night, Jason, 35, left the family’s mobile home. Concerned about her son’s mood, Jan Yoder decided in the early morning hours to go look for him on campus, where a professor she ran into joined her in the search. The two of them discovered his body in one of the labs on campus and called campus police at 8:30AM. 32 minutes later, Jason was declared dead due to nitrogen asphyxiation.

When the story was posted on several different sites in 2007 and 2008, the Internet chatter was not always kind to the dead man. While many expressed great sympathy for Yoder and ranted against the student lending system, others were quick to invoke the “personal responsibility” argument — “it was his fault;” “why did he take out that amount of loans?;” “Mr. Yoder took out those loans . . . he had an obligation to pay them back.” — and denigrate him.

His mother, of course, saw it differently. While she was preparing for Jason’s funeral, student debt collectors were still phoning her about the money her son owed. As reporter David Newbart wrote in a 2007 article for Chicago Sun Times, she was gruff when confronted by these calls. “You are part of the reason he took his own life,” she told them and then hung up the phone.

Suicide is the dark side of the student lending crisis and, despite all the media attention to the issue of student loans, it’s been severely under-reported. I can’t ignore it though, because I’m an advocate for people who are struggling to pay their student loans, and I’ve been receiving suicidal comments for over two years and occasionally hearing reports of actual suicides. More people are being forced into untenable financial circumstances as outstanding student loan debt has surpassed $1 trillion. And people simply aren’t able to pay all the money they owe. In the past few years, the rate of defaults for federal loans has increased at an alarming rate. According to theDepartment of Education, those recent graduates who began repayments in 2009, 8.8 percent had already defaulted on their federal loans. That compares to 7 percent in 2008. Currently, 36 million Americans have outstanding federal loans. I can’t help but wonder how many of those millions are feeling distressed or suicidal, or how many have attempted suicide because of all that debt hanging over their heads.
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The Ones We've Lost: The Student Loan Debt Suicides (Original Post) xchrom Jul 2012 OP
I saw a weird thing. a kid holding a sign, "death is free" babydollhead Jul 2012 #1
College is not affordable and there's no other option. HughBeaumont Jul 2012 #2
We're treating our future labor force as a gold mine today. xchrom Jul 2012 #3
Completely agree. The young are getting F..... over by college debt... Eleanors38 Nov 2012 #27
I'm moving to an apt near my sons college Marrah_G Jul 2012 #4
excellent move on your part. very good. nt xchrom Jul 2012 #6
I want so much for them to have the opportunities in life I don't have Marrah_G Jul 2012 #8
Nice! xchrom Jul 2012 #9
Hehe- I will make a note of that :) Marrah_G Jul 2012 #10
I live in a college town xmas74 Jul 2012 #12
Good move. And don't forget community colleges. My folks had at one time... Eleanors38 Nov 2012 #28
It really is horrendous, the debt that students carry when they graduate SickOfTheOnePct Jul 2012 #5
Thanks for posting this. Iris Jul 2012 #7
Does your blog exist yet? If so, I'd like to 'follow' it or 'subscribe' to it (or coalition_unwilling Jul 2012 #15
Not yet. I'm working on an organizatonal scheme. Iris Jul 2012 #20
It should also be pointed out... ljm2002 Jul 2012 #11
And private student loans can not be discharged through bankruptcy ever LiberalEsto Jul 2012 #13
K&R ck4829 Jul 2012 #14
Something needs to change! lonestarnot Jul 2012 #16
Many Americans do not understand that student loan debt is coalition_unwilling Jul 2012 #17
k & r girl gone mad Jul 2012 #18
Two generations herded into the corporate welfare pen so far. Egalitarian Thug Jul 2012 #19
Just business; nothing personal. n/t Cerridwen Jul 2012 #21
Horribly sad story. PotatoChip Jul 2012 #22
Reqeust for Interview for a similar story uscgradstudent Nov 2012 #23
Welcome to DU! hrmjustin Nov 2012 #24
I just found out a guy I grew up with killed himself. Hassin Bin Sober Nov 2012 #25
Oh how sad.... Sekhmets Daughter Nov 2012 #26

HughBeaumont

(24,461 posts)
2. College is not affordable and there's no other option.
Wed Jul 4, 2012, 09:55 AM
Jul 2012

There are no Fords or Steel Mills to go into after HS.

There really aren't any jobs FOR high schoolers. Those are being taken by people who are supposed to be retiring, but cannot because for the past 30 years, their wage hasn't matched the ever-skyrocketing cost of living.

Universities know this . . . that's why higher education is priced so exorbitantly.

Corporate America knows this . . . that's why they can ask for the sky and stars for a job that they'll only pay 14 dollars an hour for (if that).

But hey, let's keep doing it this way because you know what? "There's no happy medium between this and Communism."

. . . . or so they tell us, and we keep on believing . . . .

xchrom

(108,903 posts)
3. We're treating our future labor force as a gold mine today.
Wed Jul 4, 2012, 10:00 AM
Jul 2012

It makes NO sense to send the future of our country into the world shackled with debt.

Talk about a national security issue.

 

Eleanors38

(18,318 posts)
27. Completely agree. The young are getting F..... over by college debt...
Thu Nov 29, 2012, 07:49 PM
Nov 2012

When I got my Master's at the University of Texas at Austin, tuition per semester was $200. If I had been a legal resident, $100.

The rates for tuition are WAY out of line, even accounting for inflation. You are correct in characterizing college debt as a national security issue.

The GOP has begun demanding colleges offer a $10,000 or even $5,000 B.A. The approach smacks of gimmickry, and few details are offered. But this is a bold approach Democrats would be well advised examining, lest we get outflanked. Frankly, an aggressive and quality institution can upgrade its standing by attracting top-flight students with low tuition costs.

Marrah_G

(28,581 posts)
4. I'm moving to an apt near my sons college
Wed Jul 4, 2012, 10:06 AM
Jul 2012

His girlfriend and best friend will be joining us. They all get fully paid tuition at a state college( my son is in the MA AFNG and the others have academic scholarships from the state) but dorm fees are at 10,800 this year. My moving there will save each of them probably 9k. My hope is to get them out of college with little to no debt. The downside is a small apt and a long commute, but in the long run I think it is the right move.

Marrah_G

(28,581 posts)
8. I want so much for them to have the opportunities in life I don't have
Wed Jul 4, 2012, 10:29 AM
Jul 2012

And heck, maybe when I am old they will build an in-law apartment

xchrom

(108,903 posts)
9. Nice!
Wed Jul 4, 2012, 10:33 AM
Jul 2012

Be sure to pull out the Mother when they build it - get your own front load washer/dryer and gas stove!

You're Mom, after all.

xmas74

(29,676 posts)
12. I live in a college town
Wed Jul 4, 2012, 10:54 AM
Jul 2012

and the number of local high school students who are staying to attend the local university has grown significantly over the past few years. A number of those students have made the choice to also live at home with their families. Why? It's all about the finances.

Good thing the local university really tries to retain the local kids by offering them decent scholarships and helping them find on-campus work. Between living at home, scholarships, and in district tuition the kids tend to come out of it ok. I suspect that my own child will eventually attend school there d/t costs.

 

Eleanors38

(18,318 posts)
28. Good move. And don't forget community colleges. My folks had at one time...
Thu Nov 29, 2012, 07:53 PM
Nov 2012

three (3) sons in college; all of us to some degree were enrolled in community college, then transferred to Big U, living for most of that time at the family home. Saved big money. But this fact remains: Tuition in the late 60s/early 70s was measured in the few hundreds per semester. The increases to the present have been WAY out of line.

SickOfTheOnePct

(7,290 posts)
5. It really is horrendous, the debt that students carry when they graduate
Wed Jul 4, 2012, 10:07 AM
Jul 2012

We're fortunate - between what we were able to save, a 529 pre-paid tuition that we bought for both kids when they were born, and an academic scholarship, our oldest should be able to graduate without debt. It's also nice that her soon-to-be college (Clemson), has a monthly payment plan were we can pay tuition, dorm and meal plan in 10 monthly installments. Between the 529s and the scholarship, we'll be of pocket about $300/month more than what we were paying for Catholic high school. If for some unforeseen reason she does need to take out loans, my intention would be to pay them off for her, but hopefully that won't be necessary. Younger daughter will be tougher to pay for, as she has neither the inclination nor the desire to excel academically, so I'm doubtful there is a scholarship in her future.

We're extremely lucky in that regard, as I can't imagine either child walking out with a degree and $50,000+ in debt.

Iris

(15,666 posts)
7. Thanks for posting this.
Wed Jul 4, 2012, 10:12 AM
Jul 2012

I'm working on a blog to track stories about higher education reform. I want to see if these "reform" ideas have any kind of trend and also try to put enough information in one place to give people the opportunity to see reports about the situation all in one place. I'm definitely adding this one to my list.

 

coalition_unwilling

(14,180 posts)
15. Does your blog exist yet? If so, I'd like to 'follow' it or 'subscribe' to it (or
Wed Jul 4, 2012, 12:11 PM
Jul 2012

whatever the current term is for being a regular reader).

Iris

(15,666 posts)
20. Not yet. I'm working on an organizatonal scheme.
Wed Jul 4, 2012, 08:29 PM
Jul 2012

I also need to put some thought into presentation since I work as a college instructor. I'll let you know when I make it public. Hopefully in a week or two.

ljm2002

(10,751 posts)
11. It should also be pointed out...
Wed Jul 4, 2012, 10:47 AM
Jul 2012

...student loans cannot be discharged through bankruptcy, except in cases of extreme hardship -- due to a law passed a few years ago by our bank-owned Congress. So the options really are stark when the debt piles up and there are no jobs to be had.

http://bankruptcy.lawyers.com/consumer-bankruptcy/Personal-Bankruptcy-and-Student-Loans.html

Student Loans in Bankruptcy

Student loans are usually non-dischargeable in bankruptcy. This means that after your bankruptcy erases all your other debts, you still have to pay student loan debt. If you fall nine months behind, your lender can call the whole loan due at once. Filing bankruptcy can be an option in only one circumstance.

Discharge of Student Loans in Bankruptcy

The law lets you eliminate your student loans if paying them creates an "undue hardship" for you and your family. You must prove to the bankruptcy court that you're only earning enough to pay for a "minimal standard of living." This usually means you can’t afford cable, Internet or a cell phone - even without paying your student loans. You also have to prove that your finances aren't likely to get better. It helps if you were able to make at least a few payments. This shows the court that you tried.


(emphasis mine)
 

LiberalEsto

(22,845 posts)
13. And private student loans can not be discharged through bankruptcy ever
Wed Jul 4, 2012, 11:46 AM
Jul 2012

as far as I know.

We had to go the private loan route because it was almost impossible to get subsidized loans when they went to college. We made just a bit too much for them to get financial aid.

Neither of them graduated, due to medical issues. One works as a nanny, the other just found a part time job after a couple of years of being out of work.

Now we're struggling to pay off the remaining $40,000-plus still owed, which costs us $630 a month. I'm 60 and have been out of work for almost 4 years.

We didn't realize when these loans were taken out that neither kid would graduate, that neither would be able to get a decent-paying job and pay their own loans due to the rotten economy, and that I'd lose my job and be unable to find another. I'd gladly apply to work at a supermarket, but osteoarthritis make it impossible for me to stand all day and lift bags of groceries.

I would never consider not paying a legitimate debt, but I wish there was some way to refinance what we owe to get a lower interest rate, or obtain at least partial forgiveness.



 

coalition_unwilling

(14,180 posts)
17. Many Americans do not understand that student loan debt is
Wed Jul 4, 2012, 12:18 PM
Jul 2012

generally not dischargable through bankruptcy. In creating a specie of debt that lasts until the grave (Social Security payments can be garnished to satisfy unpaid student loan obligations), society has created a new group of 'indentured servants' whose term of indenture lasts as long as their student loan obligation remains outstanding.

How ironic on this July 4, that indentured servitude (that scourge of the American revolutionists) has made a giant comeback.

This country makes me sick.

 

Egalitarian Thug

(12,448 posts)
19. Two generations herded into the corporate welfare pen so far.
Wed Jul 4, 2012, 08:22 PM
Jul 2012

Education is a distant second to the massive corporate welfare system that they've created. Something will give, eventually.
K&R

PotatoChip

(3,186 posts)
22. Horribly sad story.
Wed Jul 4, 2012, 09:41 PM
Jul 2012

And how dare people pass judgment on this young man for having taken out student loans!?! What else was he supposed to do?

Far too many people it seems, still live in their little bubbles of reality, not even trying to understand the differences that young people face now, as opposed to when they (older generations) went for their college degrees.

There are precious few livable wage jobs to be had for HS grads these days. Of course, this young man had very little choice but to move on, yet people are judging him for what he had to do to accomplish that? And on top of everything, the debt collectors calling his grieving mother? Infuriating!



23. Reqeust for Interview for a similar story
Thu Nov 29, 2012, 04:34 PM
Nov 2012

The ideal person would be a friend or family member in Los Angeles who has been affected by a young adult's suicide either caused or provoked by student loan debt or debt in general.
It would be a brief interview that would be part of a larger story to help tell the story of lost loved ones who deserve to have their stories told.
If you or anyone you know is interested, please reply to this posting.
I appreciate your help.
Thank you!

Hassin Bin Sober

(26,337 posts)
25. I just found out a guy I grew up with killed himself.
Thu Nov 29, 2012, 07:27 PM
Nov 2012

While searching the internet for his obituary and funeral info I came across his foreclosure notice. It's had me pretty rattled the last few days.

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