“Dear Steve,
In 1994 I went to beauty college and was married and really couldn’t afford it so I got a student loan and then I was working for regis hairstylist and hurt my back and they wouldn’t take me back…then got a job doing janital work and broke my back and couldn’t work for 6 yrs. and lived on 500.00 dallors a month on labor and industries…in 2007 a wonderful Dr. took out the hardware I had in my back and was able to return to work but all I can find to do is seasonal…and now they are taking my income tax for my student loan and it is hurting me finanially…that I may loose my house…I have already lost everything else…is there any relief for me, thank you for reading hope to hear from you,
Laurie”
The Answer:
Dear Laurie,
Since you are not permanently disabled and your loan is clearly in default, your options are limited. If this is a government backed loan then you may want to explore the Income Based Repayment program (IBR) and see if that might give you some break.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.