Thursday, March 16, 2017

UPDATE For HESAA Reform Legislation Call This Man

Below is an update regarding HESAA legislation. Please contact this man and tell him you need HESAA to change now, this bill would give income based repayment to NJClass loans. 

We wrote to our legislative Senator regarding the status of S2573/A4084 See the email below for the response.

I cannot preface to you ALL how important it is for us to band together and contact Assemblyman Speaker Vincent  Prieto's office--by phone AND email and literally beg him to get this bill on the floor.   Here is his contact information:  
DISTRICT OFFICE ADDRESS:1 Harmon Plaza
Suite 205
Secaucus, NJ 07094
 PHONE NUMBER: 201-770-1303

Email:  AsmPrieto@njleg.org

Please Contact These Legislators Re: Bill #S2573

Below is a post from a friend of the growing movement for HESAA reform. Please follow up with these people who pretend to "represent" us. If they don't hear from you the money from HESAA will continue to deafen them to our plight! Drop what you are doing and hit them up now!

I hope all is well. I wanted to update you all on the status of the bill regarding income based repayment and loan rehabilitation. Unfortunately, it seems that the bill is not moving along like it should be and there is a possibility that it will not.

Now, I know it is exhausting and upsetting to hear this news as we were all hoping for light at the end of the tunnel. This bill is extremely important and necessary for most of us and if this bill is not passed, there will not be any relief for current borrowers. 

I am asking you today to reach out to the primary sponsors via phone to question them and ask them why this bill is not moving along and to tell them you are in dire need of relief. They need to know that this bill is of an urgent matter.

I know it might be difficult as office hours are typical business hours and it might not be easy for some to make these phone calls but every call will make a difference. They need to feel pressured to helping the majority. This truly is the last chance at reviving this bill. As time moves forward, there is a lesser and lesser chance that this bill will be voted on. 

Legislators are not writing new bills to help NJCLASS loan borrowers; therefore, this bill is the only bill that will help us. 

If you receive any news or information from your conversations with the offices, please let me know or if you need help on knowing what to ask please feel free to reach out to me. 

Below you will find the contact numbers.

Bill #S2573

Senator Sandra B. Cunningham
(201) 451-5100

Senator Robert W. Singer
(732) 987-5669

Senator Robert M. Gordon
(201) 703-9779

Bill #A4084

Assemblyman Gary S. Schaer

Assemblywoman Mila M. Jasey
(973) 762-1886

Assemblyman Daniel R. Benson
(609) 631-0198

Assemblyman Raj Mukherji
(201) 626-4000


2016 Pulling on the Devil's Tail...HESAA Takes a (Small) Loss

2016 was a banner year for push-back against HESAA! This is really encouraging news and they must continue to be put in the spotlight by us debt slaves ...err "borrowers." Below are a smattering of informative articles about HESAA worth looking at before you involve yourself with these thieves. For those of you who already are, this should be encouragement to join in the fray and put yourself out there. This "Authority" needs to be abolished or at best reformed to administer grants only.  Enjoy!


This joint Propublica/New York Times article hit the web in July 2016 and helped galvanize a movement for HESAA reform. The follow up articles are also just as good, exposing HESAA for LYING to when we call them and not telling about ways to ease your pain while in repayment.

https://www.propublica.org/article/new-jerseys-student-loan-program-is-state-sanctioned-loan-sharking

https://www.propublica.org/article/new-jersey-student-loan-agency-to-staff-dont-tell-borrowers-about-help-unle

https://www.propublica.org/article/new-jersey-will-no-longer-collect-loans-from-families-of-dead-students

I encourage you to read Waldman's full coverage of last years struggle against HESAA that ended when state lawmakers made a token reform. Allowing parents of dead children not to pay back HESAA was a huge step forward however it only helped a small population climb out of HESAA Hell ....and then the whole issue was dropped. I'd like to think this humble blog played a part in this landmark win but...we need real reform! Such as full loan forgiveness or at very least some kind of income based repayment program, not years of default madness, creditors and destroyed lives. 

https://www.propublica.org/site/author/annie_waldman


One of the best pieces of journalism exposing HESAA, this is a must watch, thanks to NJTV News (I see you used the redacted document I made...)


http://www.njtvonline.org/news/video/nj-students-find-hesaa-loans-unforgiving/


Below are a smattering of other articles I've collected around the web. 

http://www.nydailynews.com/news/national/new-jersey-mom-paying-murdered-son-student-loan-debt-article-1.2709759

http://www.nj.com/education/2016/08/nj_senate_to_probe_states_student_loan_program.html

http://www.pressofatlanticcity.com/education/nj-legislators-take-first-step-to-revamp-predatory-student-loans/article_396f196c-5daa-11e6-9c74-0ba4734737ed.html

http://www.nj.com/opinion/index.ssf/2016/08/_letter_2.html




Is there a part 2 jbrad?

https://www.buzzfeed.com/jbrad/part-1-a-tale-of-caution-student-loan-hell-110c2?utm_term=.bf8ZnrbDQ#.gm35E6JK7

Repost of one of my posts from a year or so ago. 

http://www.lehighvalleyvanguard.org/single-post/2015/01/30/Why-Student-Loans-Arent-Entirely-Your-Fault

Saturday, March 4, 2017

A Few Things New Students Should Know Before Signing Off On HESAA's Garbage NJCLASS Loans

This is for all the students who want to go to college and think student loans are the only way to pay for it. Well, for many of us who are not independently wealthy, it IS practically the only way to pay for it! Here's a little advice before signing on the dotted line.

-Know Who You Are Dealing With.

Despite HESAA's history as a state agency with (often rude) employees paid by your tax dollars to dole out TAG grants and other awards, the NJCLASS student loans side of HESAA is run just like any other business, arguably worse. They don't care about your ambitions to go to school, despite what their propaganda filled with happy students claim. They care first and foremost about making a buck from you the "consumer" aka average person who wants to better your life. Call HESAA and ask about interest rates, find out how they will make you pay. As such the first thing they will want from you, no matter what your actual financial status or credit worthiness is a cosigner.


This isn't like your phone bill where the worst thing that can happen is they turn your phone off, this is potentially a financial rip off so monumental that you could be stuck paying your loans off - and a shit-ton of interest - well into your adult life. So I advise think twice before you take these loans (as my whole blog should really help you see.)

I was going to make this an enormous rant but I need to hear from more of you. Send your own rant to me, Mark, at hesaahell@gmail.com