Tag Archives: private student loans
- I’m Unemployed With Private Student Loans. What Can I Do?
“Dear Steve, I attended a private school and graduated in 2009.. I literally owe 3 different loan company’s total of over $80,000 combined.. 1 i owe roughly 8000.. Another the same.. The i have another (private loan) thats just about 60,000 but the interest rate continually rises… Im on unemployment right now with a newborn..I [...]
- Bankruptcy Attorneys Report Major Problems Brewing for Holders of Student Loan Debt
The National Association of Consumer Bankruptcy Attorneys conducted a survey of its members. Of the 860 bankruptcy attorneys that participated in the survey, 81 percent said potential clients with student loan debt have increased “significantly” or “somewhat” in the last three-four years. Nearly two out of five of bankruptcy attorneys (39 percent) have seen potential [...]
- Private Student Loan Help Needed. Pass the Fairness for Struggling Students Act.
Rachel just sent in a question for me to answer about the hopelessness of private student loan debt. The tragedy of private student loan bondage is one that will sacrifice a generation of hardworking citizens under the hopelessness of private student loan debt if solutions are not made available. Unlike government backed student loans, private [...]
- The Student Loan Death Trap: Private Student Loans Drive the Future into Poverty. – Rachel
My situation is so horrible and massively complex it’s difficult to explain in a way without running off on other subjects, but mainly my problem is I can’t seem to find out how to survive with a life worth living while having my student loans on my shoulders. If it were just the federal loans..I [...]
- Do I have any hope for my future or am I betting killing myself over these student loans? – Allison
I have been attending college since 2003. I started as a music major but when the ecnonmy crashed, I changed majors. Since then, I have lost my father, gotten a divorce, accumulated a lot of credit card debt and my student loans have gotten out of control. At this point, I am still trying to [...]
- The Private Student Loan Tragedy
What follows is my submission to the Consumer Financial Protection Bureau (CFPB) regarding the current state of private student loans in America. As an student of debt history I am very familiar with many periods in the past where people or groups of people have been subject to financial servitude as a result of some [...]
- CFPB to Take a Look at Private Student Loans
The Consumer Financial Protection Bureau has announced they are taking a look at issues surrounding private student loans. The CFPB is asking for feedback on “private education loans and related consumer financial products and services that are currently being offered to or used by students and their families for the financing of postsecondary education.” You [...]
- I Have Big Student Loans, Just Had a Baby, Unemployed, and Getting Sued by My Credit Card Company. – Lauren
“Dear Steve, When your young they tell you to go for your dreams and that you can be anything you want when you grow up. I unfortunately dreamed of being a teacher I couldn’t afford to go to college and took out expensive private loans (about 64,000 total now with interest) and a credit card [...]
- Graduated with Private Student Loans. Now Married and Pregnant. – Addrienne
“Dear Damon, I graduated college in 09 with private as well as federal loans. The same month I grduated college I was also married and then shortly after, I found out I was pregnant. I was unable to find a job, and because of that we were unable to pay on my loans. I recently [...]
- I’m a Single Parent With a Child That Had Cancer. I’m Drowning in Medical Debt and Student Loans. – Star
“Dear Damon, I am a single parent finishing master’s degree, had a son undergo cancer treatment in 2007 and still being seen regularly. Treatments stopped in 2010. Have incurred huge amount medical debt and still incurring. Was in the final stages of Bachelor’s degree at that point in time. Had minor credit card debt under [...]
- Why Shouldn’t I Just Open a Bed and Breakfast in Italy Instead of Repaying My Student Loans? – Emily
40,000 citibank private student loan with co-signer 10,000 Gov. loan Ford 20,000 Gov. loan Nelnet I have filed bankruptcy for about 20,000 credit card dept. I have no assets and I am currently selling cars at a local dealership. My MA degree is useless. I have paid over 8,000 in interest on these loans and [...]
- How Can I Go Back to School While Still In Debt? – James
I had a rough child-hood and came out of a very poor home. I have already attending a University through the help of a friend and with a hefty private loan from Chase banking. Currently I am interested in returning to school since I’ve grown up a bit in the year I have been away [...]
- Is There a Good Way to Get My Private Student Loan Rates Under Control? – Samantha
Samantha “Dear Steve, I am virtually debt-free, except for a HUGE pile of student loans (around $55K in bhoth public and private) that I can’t seem to make a dent in. I’ve consolidated the public loans but the private loans make my debt-to-income ratio seem out of control. I’d love to get tips on how [...]
- I Just Graduated From the Police Academy But Can’t Get Hired by a Police Department Because of My Debt. – Heath
Heath “Dear Steve, Hi im 25 just graduayed a police academy after 4 years of college as well. My credit is horrible and im in default for 53,000 in private student loans plus 20,000 in collection debt via credit cards and fed loans. All of the money was accumulated between when i was 20 to [...]
- I Have $200,000 in Student Loans. – Kane
“Dear Steve, I did undergrad and grad school straight through and financed everything. I racked up nearly $200,000 in federal and private debt. I have all my private debt consolidated into a direct loan consolidation with standard repayment, and I have another $50k in private student loans all from different lenders – a total of [...]