I took a quick, 9 month accounting course back in 1998, but through lack of employment, and neglect. the student loan for which I took to pay for the course has been in default for most of the past 11 years. After completing the course in which I maintained a 4.0 gpa, I was only able to achieve employment making less than $7.00 per hour. I was married, raising 3 kids and was struggling financially, soon became divorved, which put an even further strain on me financially, I lost my job, got into a bad relationship, ( which I am finally out of ) lost a brother, lost my father. I have been under a great deal of mental stress, financial stress and at this time in my life I have nothing to my name. My kids are grown, I am unemployed, struggling to find a job, which is not so easy these days, especially for a 48 year old woman who doesn’t have much job experience or training. I have tried to go back to school to get some kind of training so I can support myself properly, but have no money, and have been refused any more funding because of the previous student loan that has been in default for so long.
I need to get this student loan taken care of somehow so that I can get the training I need before I get too much older.
I need help desperately, and I just don’t know what I’m going to do.
Can you help me find a way to have the defaulted student loan of so long taken care of so that I can get the education and taining I need in order to be able to support myself at 48 years old?
Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here
I really need more information about this old loan to advise you. It is important for me to know more about the loan. Was it a loan only from the school, a private lender student loan or a government backed student loan?
Please update me with your answers by posting your response in the comments section of your question.
My Old Student Loans are Holding Me Down. - Sharon
by Steve Rhode
Get Out of Debt Guy – Twitter, G+, Facebook
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.