The one thing that struck me the most about the headquarters building is that it’s pretty much a fortress. I mean, it’s built like it could withstand any major natural disaster or attack. I honestly think that if a foreign country attacked the capitol, the USED building would be left standing – mocking the foreigners and their wimpy weapons. But that’s just the impression you get from the outside. Once you’re inside you see that it’s really just functional office space. I liked the mission statement of the USED, which was put up right on the wall for everyone to see when you entered the building. Take a look:

The USED's mission statement - give it a read

Pretty good mission statement for the USED, huh? I was down in Washington, DC for a conference on charter schools which I won’t get into in this blog entry. However, I couldn’t help but think that I actually helped build the impressive structure in which the charter school conference was being held in thanks to all of my student loan payments. It was a weird feeling – not necessarily a bad feeling, but one that made me take a step back and think, “Well, here’s the place where my checks have been going for the past few years.” It was just an interesting feeling.

What was not a good or interesting feeling, though, was the physical pain that I endured as I rode Amtrak’s Acela down to Washington, DC. Believe it or not, these asshats actually sold more tickets for the Acela than there were seats for the passengers. Sure, you’ll never get any official response from the Acela people saying that it was standard practice to do that or that they were sorry (apologizing is an acknowledgement of guilt). However, the conductor on the train – who was a very nice guy, by the way – told me and the fifteen other seatless passengers that this was common practice. It was outrageous. So, I rode down to the nation’s capitol sitting on this:

Imagine sitting on this for two and a half hours

Yeah… not comfortable at all. Anyway, I visited one of my two major student loan lenders last month. And while I don’t think that I’ll ever willingly or happily visit the headquarters building of the New Jersey Higher Education Student Assistance Authority (NJHESAA), I’m actually going to be really close to some of their associates starting tomorrow. Turns out that NJHESAA and my company will both be exhibitors at the New Jersey Charter Schools Association conference in Atlantic City this week. I don’t know if we’ll be anywhere near each other, but I feel like being in the same room as those people is going to drive me nuts. Frankly, I have half a mind to walk up to their booth and ask them why they felt the need to treat a highly intelligent, good-natured person (me) like a dumb, moronic piece of garbage every time I called them. And that same half of my mind wants me to ask them why they wouldn’t contact the credit agencies to report their mistaken even after admitting that they made a blunder when they reported that I made a late payment when no payment was actually due. Those idiots lowered my credit score for a few months until I had to go out of my way to get that stupid mistake wiped clean from my record. Idiots.

Anyway, enough of that tangent. The point of this entry is that I visited the USED headquarters building in Washington, DC and I was pleasantly pleased with the visit. I hope that they do their customers well as they continue to ramp up their student loan production.

The Manhattan Skyline Before the September 11th Terrorist Attacks

The first thing I remember is my Mom waking me up by calling me on the phone. I was only living in the fraternity house for a few weeks and school only just started the week prior. I didn’t have class until a little bit later that day so I was sleeping in. Anyway, I didn’t have a cell phone yet so my Mom called me on my house line (I was the only one in the fraternity house with a house line – more on that later) and wanted to know if I was watching the news. I said no, but flipped on the television to see what she was talking about. I hopped from MSNBC (my channel of choice back then) to CNN and finally to FOX News to see what was going on. And what I saw was pretty amazing – one of the buildings that comprised the Twin Towers was burning… and pretty high up, too!

I asked my Mom what was going on and she said a plane flew into one of the towers. We talked for a few minutes and then hung up. I kept laying in bed watching the television wondering if they were going to show a replay of the plane going into the building. And as I laid there watching the television screen, it looked like I got what I was looking for because I saw a plane fly directly into one of the buildings. Except, as I was watching the television I focused in a little bit more and noticed that there was already a building burning – this must have been a second plane! It was shocking to see that happen on live television. Absolutely, utterly shocking to witness.

Now, I don’t want to go through a minute-by-minute recap of that day, but needless to say that within an hour or so the entire fraternity house was awake and all classes had been canceled on campus. But unlike other days off from school, the guys didn’t rush out to get some food and drink to enjoy the day – we were all glued to the large screen television in the living room waiting to see what would happen next. Right after the plane flew into the Pentagon, I remember thinking and saying out loud that the airspace over the Pentagon was restricted and no one could get over it in the first place (I was wrong). I remember flipping through all of the channels on the dial and, remarkably, every single channel on the dial was either broadcasting news coverage of the terrorist attacks or on standby with a message of condolence related to the attacks. And folks, when I say that every channel was covering the attacks or on standby – I mean every channel on the dial. Every single one. It was truly a moment in television history, for sure.

One of the guys who lived in our house was a volunteer fireman. Somewhere around midday – after both towers had fallen – he jumped in his car and went to New York City to help with recovery efforts. When he came back later that night not only were we all still glued to the television, but he had the World Trade Center dust on his fireman boots and gear. It was unbelievable.

Another one of my vibrant memories of that entire situation was how poorly one of my professors handled the situation. I don’t know if I’ve ever written about this particular professor, but he was straight out of the 1940’s university setting – down the ultra elitist attitude and tweed elbow patches on his jacket. Anyway, what I remembered about this first class back on campus (the day following the attacks) was that this professor opened the class by saying, “Notwithstanding the events of yesterday morning, we are here for a different reason. So, let’s open our books to chapter one and begin reading about Cain and Abel.”

I was amazed at how cold and callous that professor was that night – especially considering that he was talking to a room filled with scared, horrified college students. This was a British Literature class where, over the course of the ensuing semester, we talked about traditional literary themes like good versus evil and the loss of innocence. Looking back, I shake my head at the lost opportunity that this professor let slip through his fingers. Here he had a chance to not just talk about these themes, but to show real world examples of these themes occurring all around us.

Anyway, the guys I lived with and I stayed up all night watching coverage of the cleanup and recovery efforts in New York City. We had news coverage on all day, every day. Everyone – including me – started caring a lot more about politics and who was trying to do what in our political leadership. Not surprisingly, the overwhelming majority of the guys I lived with as well as the students on campus either became Republicans or began voting Republican. It was the general feeling of the nation and that feeling was alive and well on Monmouth University’s campus.

It was a scary and yet fascinating time to be a college student.

And it was only ten years ago. On the one hand, it feels like September 11th happened yesterday. But on the other hand, the world has changed so much since then. It makes me wonder where we’ll be in another ten years. Hopefully, terrorism will continue to decline over the next ten years and we can – as a global society – begin working towards a stronger world peace. No, not the hippie version of world peace where we’re all holding hands and singing Kumbaya. Instead, I hope we can move towards a real, workable peace that serves to advance the human race as a whole.

Moving in that direction seemed impossible ten years ago. But today it seems like a totally reasonable expectation for the future. What an amazing ten years…

Hopefully, you find the information below educational. Enjoy!

Click to expand here
Find this infographic on www.OnlinePoliticalScience.org

Personally, I find the ethnic breakdown and the geographic breakdown the most interesting on this chart. Something to keep an eye on as this debt ceiling debate rages on in Washington, DC…

Talk about a bunch of dummies! Look, I don’t think that the entire crowd down there in Washington, DC over the last weekend were dumb people like you saw in that video. In fact, I know a few kids that went over to that rally and they are among the smartest young men that I’ve seen come through my fraternity. But I thought that this video should be posted to show everyone how easy it is to make a large “rally” out to be a bunch of crazy people and lunatics.

I wrote up a few entries and set them to automatically upload over the next few days while I’ll be away. So keep on coming back to JerseySmarts.com and you’ll continue to be enlightened and entertained while I try to make some socially responsible financial magic happen down in the nation’s capital!

When I see both Republicans and Democrats casting off the concerns of their constituency, it makes me wonder how these people keep their offices. Why are there not more recall elections? Where is the political passion in America that we recently saw in the Iranian reformists, for example? Why are there not mass gatherings in Washington DC demanding that the Republicans in Congress and the Democrats both in the White House and the Congressional leadership begin listening to their constituents?

Look, I know that a minority in this country want both a public option for healthcare and a single payer system, but this country was not set up for the majority to be overwhelmed by the minority. In other words, while we listen to the minority voices and take their views into account, those views should not run this nation. Healthcare does need to be reformed so that more people can receive more coverage. But until our elected officials begin to listen to us, nothing will be accomplished.

Unless a third party rises up with a platform based off of the majority of the population’s concerns…

A busy weekend, indeed.

However, I have placed some entries ready to pop up automatically tomorrow and Monday. I just may not be around much to add to the discussion.

Enjoy!

My name is Joe and I am contacting you about the Public Service Loan Forgiveness Program created by the College Cost Reduction and Access Act of 2007. I have been working, full-time, for nonprofit organizations since May 2005. I have approximately $56,000 in federal student loans (a Direct Loans consolidation loan) and $48,000 in private student loans.

I understand that the private student loans do not qualify for the new provisions, however, I want to confirm that my Direct Loans consolidation loan does qualify. Also, I’ve read that the new regulations apply to payments made from October 2007 forward. Since I make my payments each month, does this mean that I can count my last 14 payments towards the 120 required for the balance of the loan to be forgiven? Is there anyway to count the previous monthly payments that I’ve made since I began repayment in July 2006?

Please let me know if you need any additional information. This is exciting news!

And here is the response from the program administrator in Washington, DC.

Good Morning Joe,

Your Direct loan consolidation loan will qualify for the forgiveness, and will count payments beginning on October 2007 forward. So, all payments made from the Oct. date on will count towards the 120 payments. Sorry, none of the payments made before that date can or will count towards the 120 payments. I’m glad that the public service forgiveness program will be a great benefit for you. If there is anything else I can do to help, please let me know.

A very friendly response from the feds – I like it! I thought that I should return the favor with a comment or two of my own and another question or so.

Thank you so much for the information! A final question or two.

First, do the 120 payments need to correspond to 120 months? Or if I make two payments in one month does that count as 2 payments towards the 120?

And finally, is there anything that I need to sign up for in order to be a part of this program? Or do I just track the payments on my own and when I hit 120 payments I contact Direct Loans?

And, within a matter of minutes, the program administrator replied as such…

One payment per month is what counts towards the 120 payments and direct loans will track the payments for you, we are also in the process of developing a form to have your employer sign as a public service position to tie the job with the payments.

This was perhaps the most pleasant experience that I’ve ever had dealing with my student loans. The representative, Ms. Nikki Harris, was professional and courteous and showed the utmost in professionalism in her prompt responses to my questions. And on top of that, I might be looking at getting some of my student loans forgiven after another 106 payments!

I have to figure out what I’d like to do with this, actually. I’ve been making excess payments on both my private NJHESAA loan and my Direct Loans consolidation loan. However, since I am being charged more on my NJHESAA loan and there is a possibility to have the Direct Loan forgiven at some point, it might make sense to begin adding more to my monthly payments to NJHESAA and then see where I’m at in a few years with the Direct Loans. The problem that I have with NJHESAA, though, is that you can’t make online payments – it’s so archaic.

Anyway, I take this information about the Public Service Loan Forgiveness Program as a good sign. This is a good way to begin the new year!