Real Student Debt Stories . This was while working a job full time (4. I could. My major is Chemistry and Mathematics, so the classes are very hard academically. I recently had to have major oral surgery due to my wisdom teeth being severely impacted, leaving me in a pile of agony every day (i was taking the max dose of Tylenol XL every day and it would not dull the pain). I'm totaling around $1. In conclusion, because of our broken medical and education system an all A student with vast potential to better the word through science and mathematics has had to drop out of college and work as a Chef just so I can have a roof over my head!!!!! I just got a full time position not too long ago, and I still don't see any money extra coming to my pocket. Get credit and debt advice with the National Foundation for Credit Counseling, the nation's longest serving nonprofit financial counseling organization. USDA to Help 821 Rural Small Businesses. Boosting Renewable Energy Use, Saving on Energy Costs.
This is a nightmare for the young people after college. My entire check goes to student loans and rent. How can a young person be independent and professional nowadays. This situations are making these professional going to our parents for help. I was absolutely not ready. My mother had said she would pay the student loans, which at first was I think $5,0. Now I am up to $9,6. I was indigent for years. Homeless, I went to rehab.. And finally this last year I paid $5 a month for 9 months religiously.. It does not even say that I paid anything. I need my debt to be forgiven because I actually need to file for bankruptcy, too. I literally have no money and I never finished school. All my money goes to is keeping me alive now. And I get mail and calls ALL THE TIME. It's not like I didn't want to pay them back. I own a condo and have a mortgage payment. I am single and paying $1. I co- signed when I was married. Hence my daughter has not been working full time since she graduated from college 5 years ago. When she did work she was unwilling to help me out with monthly payments. So now I am stuck with this insane monthly payment until I die since I will never be able to pay it off. I live a very simple life to stay within my means. My dream of retiring and doing some traveling to visit long time friends has been shattered do to my financial situation. I would like to see a program where the student is also held responsible for student loan repayment. I also wonder how many parents are in my same situation? Is there anyone out there can give me some advice? A bad divorce took place in 2. I am the one to pay this loan as I have NO contact w/my X. I can recieve no help, forgiveness, or plan that will put $ toward the principal. Any plan thru AES that i qualify for only pays on interest.. My balance is now 3. I cant qualify for better payback plans becauwse it requires my X's involvement & financials. Now i owe student loans i shouldn't have to pay along with not getting me a job i had to get on my own and worked so hard for them to take it away along with repeatedly making errors as i was enrolled i never got a single bill until they dropped me from the program. I am now 9. 7K in debt, (one year later and thanks to interest) I married my spouse after graduation and he is currently in the military, because I have moved a lot in my short adult life, every employer in this military town can correctly assume I'm a military spouse and does not want to hire someone who may move in the next few years, leaving me only minimum wage part time jobs with $7. I had no idea being a military spouse was unattractive to employers, and I thought getting an education was the right thing to do. I went from working for a state government in high school, to retail after college. I feel like I was lied to, and that the American Dream of working hard has died for my generation. The American Dream of $6. Associate's Degree to show for it. I wouldn't mind if they were all strapped to me, but my mother has signed $3. Well, she got breast cancer, in a car accident, and she is now unemployed. She isn't permanently disabled so she will not collect, but she is in terrible pain everyday with no signs of light in the future. My loans only burden her and I curse the Government for not doing something about this failing system. Soon all jobs will be outsourced and Americans will be forced to work the lowest class jobs, paying off the largest amounts of debt.. Now at age 7. 0, my social security is being taken to repay what is left of my student loan, leaving me with little to live on. At 2. 9 married with one child and a dead end job. Did well in school graduated with a BA, and an AA. However no good jobs... So now 2 kids same dead end job. I keep ignoring the department of education letters, but I'm stuck, I barely make enough to survive. If you have an awesome job, or connections in life great, college won't create that. Since I was the only family member who had no spouse or children, I helped care for the family for two years. I then had difficulty obtaining employment due to the two year gap. I reentered the work force (finally!) just before the 2. My income from temp agencies and unemployment was barely enough to pay my monthly bills. My balance of 1. 60,0. I was prepared to honor my commitment to repay 1. K, but will simply not be able to repay 2. K in my remaining work years. I used to walk to school everyday, one day on school grounds, I fell and sprained my ankle. School authorities were notified, I was taken to the hospital, later had to use a cast. All of a sudden, I receive notification that I have been dropped from school and have been stuck with the loan!! The school no longer exists, they changed it twice, I didn't have a diploma at the time, shouldn't it be forgiven?? During these times I was screamed at, harrassed, and threatened, everytime my income taxes were taken. That was money I was counting on to help with raising my kids. I'm still not sure when I will actually have them paid off! I followed this and took on financial aid absolutely not knowing what this even was to get a higher education but literally did not want to go but that's another story. I left ball state 3 years 3 months later with out a degree since I had no clue why I was even there in the first place but I quickly started working a repaying the 5 different loan institutions monthly. After a year of this I was informed of a consolidation program from one of the institutions I was making payers too and proceeded to do so in able to have one monthly payment. Again not really having any clue of interest rates and or adjustable rates I excepted it so I could manage one payment instead of 5. Later my payment went up double and at that time I was doing okay with work so I kept the payment automatically drawn from my bank account for years upon years. I paid it down to just around 1. I had to make move in job positions due to internal corporate changes that hugely effected my income and was unable to make payments at the time and when I started a new position started again but my balance increased greatly in a short period and I felt scamed. Anyways I tried to work with the companies William Stafford which sold my loan to Chase Manhattan and it was a nightmare. They were threatening and uncaring of any situation so I did what I could to keep a place and a car to get to work. Some years passed of this depression thru 2. Nelnet calls and says they are going to garnish my wages. I agree to have them take over the debt to avoid garnishment and they send me a bill for 4. My loans were taken from me when I was 2 semesters from becoming a Registered Nurse. I've never been able to afford to return and I've been forced to take $9/hr jobs just hating life. I tried to make a better life but it did the opposite. It took me 8 years, but in 2. I graduated with my MLIS. I am now working for $1. I will never be able to repay $8. I will have to take early social security next year, and even then, I do not know how I will be able to pay my debt. I would love to have it gorgon due to my employment at a school. I served for 3. 7 years in public education, serving students in inner city high poverty communities. To better serve my students, I attended school and earned advanced degrees. I am requesting that two aspects of the student loan program which were eliminated be re- instituted, they are 1) interest paid on student loans be tax deductible and, 2) without condition, that student loans 1. And once we were in undergrad we were told that was like having a high school diploma now, so we had to go on to gradauate school. So after law school, and $2. I find myself trying to pass the nys bar exam while working full time because I cant afford not to work and just study because my loan bills are absurdly high, and once I do get my license to practice law then I wont find a high enough paying job right off the bat for these debts. When I call the federal loan lender they tell me they dont take into account other monthly private loan payments or expenses such as housing or other necessities. They just look at your gross income and decide you can afford what ever they think. They claim this is to make their job easy, or else they would need tax people doing their job.. The system is setup for us to fail.. I spent 3 years there in which my mom paid cash for my tuition and my dad paid for my books. Upon finishing law school in 2. I lived and went to NYLS during 9/1. I moved back to PA, passed the bar less than 1 year later and became a public defender. I could not afford to repay my loans, so I enrolled in graduate school. So back to PSU HBG I went for a graduate degree in public policy. I left the PD's office to become a sole practitioner, with about $5,0. I took out upon leaving the PD's. I then met my eventual husband in 2. I had finished. I don't know much about payment options and Assistance programs. I pay my monthly payment the best I can do each month from my Social Security check. I takes food from the table but I don't want to owe the Federal Government. I have been out of work over an year now and it's very difficult at times. I federally consolidated my loans to be eligible for Public Service Loan Forgiveness. The GOVERNMENT has me consolidated at 7.
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