I have seen that there are others who have posted that they have contemplated suicide in order to get out of student loan debt and I can tell you that they aren’t alone.
I was laid off twice since I graduated and I can’t afford to pay my loans back. I couldn’t even if I found a job. I pay $280/month (that is WITH IBR) in my Federal loans and over $600/month in private.
I haven’t defaulted yet because I have managed to borrow money from parents and sell off any belongings that I have.
Keep in mind, I can’t find a job in this economy. I have zero dollars income, so they are using my husbands income for IBR, I assume.
I apply for every job I can find and I am told that I am either over-qualified or under-qualified. My husband contributes what he can in order to pay the loans, which leaves us with nothing.
One used car was repossessed. We have a baby, who needs food and diapers, so now we have $1,000s in credit card debt on top of it all.
We would be homeless and living on the street if my parents didn’t give us a room in their house. Every penny we have goes to student loans, so any need we have goes on a credit card and I can’t breathe!
There are plenty of nights where I close my eyes and imagine dying and how I wouldn’t have to feel this weight on my anymore if I died.
I have wished that I would die in my sleep on several occasions. I believe that the only reason I am still here is my baby. She needs me but at the same time, what kind of life will she have with me as a mother?
I can’t provide her with anything. We struggle just to buy diapers and there is no end in sight. I will never be able to buy a home. If something were to happen to my parents, we’d live under a bridge.
My credit is destroyed. I won’t be able to send her to college and if you can’t get a job with a college degree now, imagine 18 years from now. The problem is, I don’t know if that will solve the problem either.
My father co-signed for the loan, so if I were to die, would they go after him for the money?
I know I sound dramatic, but this is what I live with every day. Every day is a struggle to get through. I sit in front of a computer applying for jobs that I won’t get and even if I do the income won’t cover my bills. (Don’t forget that when I am employed, the IBR goes up).
I am missing the best years of my baby’s life trying to make sure she can have a life some day and I can’t help myself, so how can I help her. I am usually a much better writer but I had no idea so many emotions were going to come flooding out. I apologize. Most of this information is irrelevant to you.
Is there any way out? How do I get out? Will my dad be stuck with the loans no matter what?
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.I Want to Kill Myself Because of My Student Loans. I Dream of Dying. by Steve Rhode