OCCUPY STUDENT DEBT

Student debtor stories submitted by the 99%

Even as total outstanding student debt rises to $1 trillion, lawmakers have yet to allow loans to be discharged in bankruptcy. Without an escape clause, these loans can strangle a person. Take 36-year-old Nick Keith, who remains $142,000 eight years after graduating from culinary school. He’s featured in a new film, DEFAULT: The Student Loan Documentary, in which several college graduates expose the pitfalls of the private student loan industry. Read more: http://www.businessinsider.com/nick-keiths-student-loan-horror-story-2012-3#ixzz1poczej6v

Even as total outstanding student debt rises to $1 trillion, lawmakers have yet to allow loans to be discharged in bankruptcy.

Without an escape clause, these loans can strangle a person.

Take 36-year-old Nick Keith, who remains $142,000 eight years after graduating from culinary school. He’s featured in a new film, DEFAULT: The Student Loan Documentary, in which several college graduates expose the pitfalls of the private student loan industry.

Source Business Insider

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Finally, they sent a letter saying my debt was discharged. I was elated to have that unbelievable burden off my back. I began to feel better. After eight years alone, I remarried and moved with my new husband to the place where his job was located.

That was in 2002. Life was good for a few years until we bought a house. That’s when the student loan people wrote again and told me I still owed them money. I couldn’t believe it. They said the discharge letter was sent to me by mistake.

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