OCCUPY STUDENT DEBT

Student debtor stories submitted by the 99%

white collar robbery

I started paying my student loan in 2006 a year before I graduated. I borrowed $19,000. I never missed a payment until this past August when all my money ran out. ( been out of work since 2009)….They say I owe $18,000 now. I paid a total of $10,000 on the loan….I was put into Ed Financial….So I paid $9,000 interest and a thousand principle. My payment was $154.00 a month but I paid anywhere between $250.00 a month and $500.00 (when I was working)…afterwards I paid $155.00.
This is plain old white collar robbery…..
Now I am getting nasty letters saying that they will garnish wages, take income tax refunds or file ligation. No wages and no income tax money back, so I guess they can file ligation, maybe I can eat three meals a day instead of one.