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 places. In 3 months, my loans were sold THREE times. Tons of paperwork and stupid notices. Rather than loans being capable of coming from one place, sending in one payment and making it a manageable payment is apparently too much to ask for. It is infuriating that these companies are making billions off of students. All we ever wanted was to get our education and better our lives. Now, some of us face collections and damaged credit. Tell me, does that seem fair? Bail us out and we will help rebuild this damaged economy.