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Tag Archives: private student loans

Private Student Loans Suck and I Can’t Dump My Cosigner

raising hand

“Dear Steve, I have a ton of student loan debt. I have around $70,000 in federal which is a ton, but manageable since I am on the income based payments and they have been great to work with. I have around $50,000 in private student loan debt that I can’t afford. My mom is a cosigner on them and it ... Read More »

I’m a Social Worker Trying to Deal With Student Loans

time and money

“Dear Steve, I am currently only employed as a contracting social worker and make about 2,000 a month from which I pay about 700 in rent, 200 in miscellaneous bills, 400 in federal student loans and have an additional 33,000 dollars in private student loan debt which is now in collections. What is my best option to deal with with ... Read More »

My Private Student Loan Company Won’t Let Me Pay What I Can Afford. – Mitch

Searching-right

“Dear Steve, I’m a first generation college student, and attended Hartwick College for 1.5 years until transferring and finishing college at SUNY Oneonta. I owe near 80k from my college years. I had two private student loans that were held thru CitiBank for a total of near 20k. Citibank worked with me on deferment, income based repayment, and delaying payments ... Read More »

CFPB Gives Private Student Loan Debtors a Little Glimmer of Hope

cfpb

Today the Consumer Financial Protection Bureau (CFPB) announced they will begin supervising nonbank student loan servicers for the first time. While the new rule does not alter or modify any repayment plans consumers are thirsty for in order to manage their private student loans, supervision is a step in a positive direction. The new rule and supervision is really aimed ... Read More »

I Included My Private Student Loans in Bankruptcy But They Were Not Eliminated. – Time

bankruptcy-1

“Dear Steve, I filed bankruptcy in Colorado in in 2010. Student Loans Finance corporation is still harassing me to pay back a private loan. The federal portion of the loan was paid back. They are saying that private student loans are not dischargeable. That is not what I was told. I did not use an attorney when I filed bankruptcy. ... Read More »

The Stress From Sallie Mae is Abusive. – Sue

college-class

“Dear Steve, My 28 year old daughter Laurie has incurred over 160,000 in student loans with Sallie Mae. They are relentless and even at times harassing her for payment. They are wanting over 900.00 per month which she is not able to do at her job as a vet tech making 15.00 an hour. She tried moving out for the ... Read More »

You Mean My Flight School Student Loans Can Be Eliminated in Bankruptcy? – Scott

Pilots in the cockpit during a commertial flight

Huffington Post Reader Question Dear Steve, Student loan debt can’t get out of it and have filed bankrupt 6 yrs ago and included it in but wasn’t able to get rid of it it’s a private student loan I was able to discharge my sallie Mae student loan but not my MRU student loan. MRU filed bankruptcy and now I’m ... Read More »

I Have Loads of Student Loan Debt Buy No Degree. – Shane

black-hole

Dear Steve, I went away to school my freshman year for college. I transferred to 4 more schools and have yet to obtain a degree. I’ve been taking a class here and there, sometimes dropping the class. That freshman year, I had a private student loan (Lehman brothers, soon to be bought out by Wells Fargo). I work full time ... Read More »

After a Previous Bankruptcy We Are Still Drowning in Sallie Mae Student Loans

Drowning swimmer

Dear Steve, A few years ago my husband & I filed for chapter 7 BK & it was discharged (2008). We were told that we couldn’t include our huge private student loan ($68,000) at that time by our attorney. Our private student loan is actually a Sallie Mae “private student consolidation loan” that we stupidly rolled my husband’s federal student ... Read More »

I Can’t Get Married Because My Partner is Sinking in Law School Debt

stressed-woman

Dear Steve, Hello and thank you for your time and generosity. My partner of 12 years is drowning in debt, all defaulted school loans. Partner because we have decided not to get married due to his debt as I wish to keep our finances, identities, etc. separate due to his incredible debt burden. He is an attorney (graduated 6 years ... Read More »

I Finally Became a Registered Nurse But I’m Drowning in Student Loans. – Carmen

operating room

Dear Steve, I went back to school to earn my Registered Nurse License. Took out huge loans for school that I can not pay back at the moment. As a new grad, it took me almost 2 years to finally find a job. I have been working as extra help/on-call for approx 9 months now and was told I will ... Read More »

The Private Student Loan Lawyer Says I Have to Settle

Sagging Economy

Dear Steve, I have defaulted on a student loan in the amount of $33,240 with NCO. A law firm has called me and says that I must settle for $26,592 in the month of August or I can get on a repayment plan for $9,972 and then a monthly payment of $332 but keeping in mind my interest will accrue ... Read More »

My Private Student Loans Have Been Bought and Sold So Many Times. – Alex

radar

“Dear Steve, I make 15 hr and I have about $150,000 in private student loans and $50,000 in Federal loans. My federal loan payment right now is $32 a month which doesn’t cover the interest but it’s really all I can pay now. I have defaulted on all the private loans since they offered me no reasonable solution or payment ... Read More »

A Brain Tumor and Private Student Loans Led to a Life Lesson. – Sally

medical-bills

“Dear Steve, Daughter was dx with brain cancer while attending college away from home. She went through brain surgery, radiation and chemo. She was able to obtain her degree (took 7 years). She has private student loan debt for approx $50,000. We co-signed her loans. We also have Parent Plus loans for her and her sister totaling another $50,000. During ... Read More »

I’ve Heard I Can Discharge My Private Student Loans in Bankruptcy. Is That Rue? – Jennifer

calculator

“Dear Steve, I have about $13,000 in credit card debt (minimum payments of $150 total), $17,000 left of my car loan (which I’m current on my monthly pmts – $465/month), and a total of $180,000 in student loans, of which $72,000 is federal (which I’m currently on Income Based Plan of $30/month – they at least work with you) and ... Read More »

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