February 2012
67 posts
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“Finally, they sent a letter saying my debt was discharged. I was elated to have...”
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Illness and Student Debt
In the late 1980s I took out a student loan to pay for graduate work. Within two years, I was unable to work, diagnosed with Stage 3 Breast Cancer. I owned a home and had planned to pay off my student loan with the equity that I had earned prior to marrying. I purchased the house after I got married. However, before I was able to pay off the loan, my husband (an attorney), took out his...
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sticking it to the student!
I borrowed 75,000 and had to get a forbearance due to the unemployment rate now with interest I owe 120,000.
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Utterly Screwed
I have $80,000 in student debt with about an 8.5% interest rate on them. Sallie Mae had $40,000 of them, but I had them consolidated and paid for with a personal loan. Now, my guess is, these are now not considered student loans. The other $40,000 are with Student Assistance Foundation and FedLoan. None of my loans were able to be consolidated and I was SICK of them being sold to random other...
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I signed the petition on Change.org because I had paid Sallie Mae their $150 to put my loans on forbearance every 3 months until they told me I was no longer ALLOWED to put my loans on forbearance, regardless of my financial situation. I was lucky enough to get employed right out of college in the social services field, but my wages are not enough to pay what Sallie Mae wants from me and live even...
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Borrowed $53,000 10 years ago; owe $142,643.64 now
I borrowed $53,000 approximately from 1991 to 1996 to get a 4 year degree from a State College.
I moved out of the country for 2 years and was told that I could defer for that time without interest. They not only charged me interest for that time, they compounded it and the amount owed doubled.
I have never been able to keep up with the full amount of the payments and have never made more than...
Sallie Mae Runined My Life
Well, here it goes. This story is extremely embarrassing but this is the start of my fight to try and do something about it.
In 2000, when I was 18 years old after graduating high school, I started going to a local university to earn a 4 year degree in Elementary Education. My mother worked for the University and I had free tuition for the first 4 years. I was excited for my future, with a...
January 2012
102 posts
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normal equals angry
Dear Rob, I read this email and immediately decided against the prospect of speaking up. However, for some reason I didn’t remove it from my inbox. My story is not one that concerns any extreme of rich or poor. The more I thought about this the more I realized my story is exactly what other students may want to hear. It may be what they need to hear. Where to begin? I was raised in a...
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Aging with Student debt
As of this writing I am 52 years old — the tail end of the baby boomers. College was never a topic of discussion growing up in my family and no one in my family had ever gone to college. During my early adult life I did exactly what I had learned to do, I married and became a homemaker. I was entirely oblivious to the big wide world of education, finance, politics, domestic violence, etc…....