Tag Archives: private student loans
- 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 wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I Just Graduated From the Police Academy But Can’t Get Hired by a Police Department Because of My Debt. – Heath
Heath wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like 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 [...]
- I Racked Up Private and Government Student Loans. – Jessica
“Dear Steve, I went to graduate school when I was 35 and racked up both govt and private loans. My private loans were okay around 350/month for the first two years, now they are $572/month. This is very hard for me to pay right now but it seems there is no solution or answer. I [...]
- University of Michigan Graduate Needs Some Student Loan Help. – Kristi
“Dear Steve, I am 23 years old, and have recently graduated from UM with a BA. Unfortunately, I’ve also graduated with $110,000 in student loan debt, $20,000 of which is federally-backed. It’s the other $90,000 in private student loans that have got me backed into a corner: From what I can tell, I have no [...]
- I Can’t Find a Debt Consolidation options for My TERI Student Loans. – Amanda
“Dear Steve, I have the current dilemma regarding my student loans. When I first went to college I had to get a loan as soon as possible in order to stay in the dorms, so without proper research, I ended up applying for a $40, 000 private loan through Teri. A year later once realty [...]
- I Went to Flight School But Now I Can’t Afford to Repay My $118,000 in Private Student Loans. – August
“Dear Steve, This is a tough one. I am 35 years old, single home owner with a very nice low mortgage of $650 per month. I have some equity, but my credit is not good enough for a refinance to get money out. I went to flight school and accrued currently $113,000 in student loan [...]