OCCUPY STUDENT DEBT

Student debtor stories submitted by the 99%

From $35,000 to 79,000!!!!!!!!

I started out with a $35,000 school loan debt that has now climbed to $79,000. I defaulted on payments because I couldn’t afford the payment. I’m a school teacher just barely making over $40,000 a year. Nelnet turned my loan over to a collection agency. They put me into a rehab program with manageable payments. After 6 months Nelnet bought back my school loans from the collection agency and are now charging me more than twice the amount of the payments than when I was in the rehab program. My payments went from $215/month to $461/month!!!! I can’t afford this and I’m getting ready to go into default again unless they will negotiate the monthly payment. At this rate I’ll never pay off this student loan.

Notes

  1. LauReen Perkins submitted this to occupystudentdebt