the cases that a one word against the third party collection agencies representing sallie mae. sky has sued them for harrison and they were calling me at my work they were calling me at my home they were telling me that this would impact my children's life and i reported those conversations. ever since sky has called them every day to try and renegotiate her debt. but before that the bank demands a payment of twenty five thousand dollars i may suggest that one comes up with twenty five thousand dollars and one. of the solutions have been suggested to her they were quite surprising. you can either go into the military you can move to a different country or you can find somebody who's passed and use their cell security number. to avoid excessive debt more and more students are resorting to practices that are borderline prostitution. new york in the heart of the island of manhattan lies the n.y.u. campus one of the most prestigious private universities in the united states. it is also one of the most expensive in the country sixty thousand dollars per year. elise is a student in h

at the time part of the sum was loaned by the state the other part by sallie mae the leading american student loan company but at the end of her study she had a nasty surprise skye couldn't find work her debt skyrocketed so i started at thirty two thousand nine hundred sixty four dollars and today one hundred twenty seven thousand eight hundred eighty dollars so it's thirty seven thousand dollars in interest alone and the rest of that is collection cost in fees. in eighteen years sky's debt has tripled the accumulation continues to grow havea by one thousand dollars a month. erica husband has to cover the household costs on his own no bank will open a current account for his wife. for all her purchases sky has to use her husband's debit card. even worse due to her debt no employer wants to risk taking her own. now hundreds of job applications them but a couple called out but i have been treated like a friend oh yes i. call the credit report they look at what's on that piece of paper and they decide we were based off that sheet of paper. faced with this dead end sky has decided to figh

the government government bodies that do the lending whether it's sally mae or the new newly formed navy and it. includes private lenders includes a collection agencies. but the critical aspects are in a noted states studies show that having a college education doesn't really guarantee mush in terms of getting a job but not having a college tuition pretty much is dooms you to a lifetime of the lowest and most menial work so everybody must go to college if they have any hope of getting a real job even though the education doesn't guarantee any kind of actual payoff in the end so people end up paying enormous sums of money for an education that turns out in the end to be not what worth much more than a minimum entry fee to the american economy. howie i want to this is something that was interesting well you know when i was reading your article about it and other articles in reference to this is it struck me as is is how dangerous is it for our education system in our kind of future as a society when we when you have teachers and faculty who are either on purpose or forced to think more lik

sally mae go away and give away.y we see before three-day weekends, a lot of things i have learned over 50 years to look for didn't show up this year right now, as you say, things should be getting reasonably better, particularly going into thanksgiving traditionally it's an upbeat time for the market. doesn't look like it's happening. >> so you could categorically say you don't believe the run-up into the holidays we would historically see, you don't see that playing out this year >> i think it's in doubt the reason being that every other seasonality this year has come up short, so you've got to assume we're slightly off track. the question is unless you see it start to move back in the right direction, you have to be somewhat doubtful of where you're going. >> where does 2017 rank in the years that have stumped art cashin have you seen another like it in recent memory? >> i've seen a couple of years that have stumped me this is high up there. this is follow patterns -- i guess what we should have done is realize th