Kelli Space Has a $189,182.39 Outstanding Student Loan Debt

student loanOn her website Kelli Space confesses to having $189,182.39 outstanding in student loans from her undergraduate days at Northeastern University. She set up that site to ask your help in paying the loans off.

Space, who's 23, did get a job after she received her bachelor's degree. But she lives with her parents because the monthly nut on the loans is $891. In November 2011, that monthly bill will be $1600 monthly for 20 years, reports Gawker.

Space explains the mess she got into as the result of being the first in her family to attend college. Therefore, she was not properly tuned into how much debt to take on and what kind of income she could anticipate earning with a college degree.

As of today, the public has pitched in about a $1,951.40 toward retiring Space's debt. Space's ultimate goal is to raise $200K so that makes only $198,048.60 to go.

Next: My Unemployed Life: Out of College and Jobless

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kate lord

Hello ,I Am Mrs Kate Lord .A legit loan lender.Are you into debts? Do
you have a bad credit?Are you financially down.I give out loans at low
interest rate of 3%.I give out loan to Business,Auto and personal loan
to Men and women who are into Business transaction, I give out long
term loan for ten to fifteen years your interest in this you can as
well tell me the amount you need so that I can send you the terms and
condition and monthly repayment that if you are realign interested in
getting a loan from me,hope to here from you soon.via :
katelordloancompany@gmail.com

LOAN APPLICATION FORM
Name:
Address:
Nationality:
Country:
Zip/Code:
Date of Birth:
Gender:
Marital Status:
Amount Required :($) US DOLLARS
Purpose for Loan:
Phone No:
Loan Term/Duration:
Net monthly income: $

Regards
Mrs.Kate Lord

January 05 2011 at 11:32 AM Report abuse -1 rate up rate down Reply
Cat

Does anyone know if this is actually paying down the loan? Is there any verification of where it is going to?
I was on my own at 18 and went to community college. It was hard but i feel good that i have been able to support myself for the past 22 years. I don't judge this person but i also don't understand this situation. Many people in my family are well educated and they all went to community college before attending university.

November 24 2010 at 9:32 PM Report abuse rate up rate down Reply
joe

@Terry - It's looking pretty good, actually! Thanks for asking!

Let’s remember, teenagers are the ones taking on most student loans; it is no wonder that many impressionable high school students working to get a college degree have been duped into massive student loan debt. This student's loans were taken out under a system which rewarded financial intermediaries for pushing loans on students by whatever means necessary, and many downplayed the costs to the student and even presented misleading information about repayment and loan forgiveness options. These firms made huge profits from students because their purpose was simple return on investment. They had no interest in furthering the education of our citizenry. Now, a student contemplating a student loan must go through a screening process which includes the student completing an online tutorial on the benefits and costs of student loans, complete with an analysis of the repayment costs. The entity managing the program (which is "us," through our elected government) is focused on furthering the informed and responsible use of loans to enable appropriate students to obtain higher education even where their personal financial resources come up short. If the student has the ability, we are better off as a nation if they are enabled to develop it. That is why most other developed nations support the continued education of their best and brightest youth. Under the new legislation, there are no more financial intermediaries profiting from pushing paper, and these former "profits" are additional funds available for use by students pursuing further education. Ignore the nasty comments, Kelli. Most of the responses are based on ignorance and ideology, not fact. And hang in there; I, for one, am sending a contribution.

Oh, and by the way, the reason she is looking for more than the principal balance -it’s called interest, not greed (unless you consider the greed of her lenders and the colleges which have raised fees much faster than costs and inflation warrant).

November 24 2010 at 9:16 PM Report abuse rate up rate down Reply
1 reply to joe's comment
Bruce

Thank you Joe. Your comments are right on point

November 25 2010 at 8:06 PM Report abuse rate up rate down Reply
Finely tuned and polished

You rotten spineless HUMANNOIDS. Its time you pay your own way and EARN the big bucks 100x over. Pay the fiddler you sneaks. PAY PAY PAY

November 24 2010 at 8:01 PM Report abuse rate up rate down Reply
tom

You are wrong Shannon, he had it right. Held "to high standards" is correct in his context. If you had "too high standards" it would be right, but that is not how he worded it. And BTW, I only graduated HS, maybe I should set up a website for donations. Personal responsiblity is pretty much lacking in today's world.

November 24 2010 at 7:48 PM Report abuse rate up rate down Reply
1 reply to tom's comment
Kath

right on Tom

November 24 2010 at 8:18 PM Report abuse rate up rate down Reply
thomas

Educational expenses have indeed gone up. As one person observed- junior college/extension campus costs are a fraction of "going away" to school. There are ways it can be done.

November 24 2010 at 7:42 PM Report abuse rate up rate down Reply
tie

She's got some BALLS setting up a website asking for help to pay off her student loans...screw her! Let her pay them off herself.....

November 24 2010 at 7:31 PM Report abuse rate up rate down Reply
fattrucker@aol.com

i would love to see an itemized breakdown of expenses, i have a feeling a lot of this money ended up down at the mall.

November 24 2010 at 7:24 PM Report abuse rate up rate down Reply
cc

Who would hire someone as stupid as this girl? SUFFER

November 24 2010 at 7:21 PM Report abuse rate up rate down Reply
Milo

Most Americans are just illiterate goobers now...............The Wall St. Corperate machine screws them at every turn, uses them like toilet paper and flushes them when they are no loger usefull and they keep buying into the system..............I don't have any sympathy for them................It's fun watching a rotting corrupt empire of goobers collapse.....

November 24 2010 at 7:10 PM Report abuse rate up rate down Reply

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