“So when I decided to go off to college, I was definitely naive about the whole borrowing money for student loans aspect of the deal. I have so much debt now after going to school for 5 years, I can barely stay on top of it. I am not sure how a person just starting out after college is expected to pay these loans on top of paying rent, paying for food, paying for a car, and/or paying for other everyday living expenses! So what happened was, I went to a small, private school (probably my first mistake) for 5 years (I switched majors after 1 year because I wasn’t liking it, so added a useless $30,000 onto my loan bill). I wasn’t approved for enough money in loans to cover my expenses so each of my parents took out loans in their name. Well now it is time to pay the loans back and I have a $1300 a month bill to pay! The worst part is though, it appears that I am only paying $300 a month because the other loans are in my parent’s names. Also, the loans under my father’s name switched lenders to Sallie Mae. I have had nothing but problems with them since this happened. For example, and what triggered me to actually write this email rather than just reading everyone else’s responses, was I was checking over my bank account and noticed that my automatic payments had stopped 2 months ago without me knowing it! I hadn’t noticed because I figure each month, the money comes out of my checking account so I didn’t really pay close attention. I went to the website tonight and it says I have deferred my loans due to unemployment! What?! My work status has not changed! Not only is it a pain to pay these damn loans, they make your life even harder by pulling crap like this. Then you have to waste 3 hours on the phone with people arguing to get everything the way it should be. SO FRUSTRATING! If I had known before college about the headache and financial burden these loans would be giving me the minute I graduated, I would have thought twice about attending college at this time.”
