Tag Archives: student-loan
- I’m Living Paycheck to Paycheck After a Divorce and Can’t Make a Dent in My Student Loans or Credit Card Debt. – Tonya
I have just over $20,000 in student loans, $8000 car loan, $700 credit card, I’m working on paying off a charged off credit card of about $3500, and I have a hospital bill of around $1400. I currently make $23712/yr. I’m making minimum or Income Based payments on All of them and now my IBR [...]
- How Can I Bring My Student Loans Current in a Reasonable Amount of Time? – James
“Dear Steve, In a nutshell: 33,000 in student loan debt, not great credit, debt to income ratio to high, to many accounts with high interest, can’t refinance house, wouldn’t make any money selling the house. I’m having trouble making monthly payment and my student loans are on forbarence are coming due. I don’t have emergency [...]
- I Have to Do My College Degree All Over Again But I Have Old Student Loans. – John
“Dear Damon, I’ll try to make this as informative as possible. I was a senior at my last college, and I took a 30k starter loan. I really thought I would be graduating months later. However, that was not the case, and I had to start over at a new school. This new school has [...]
- College Grads 2011, Bad News, You Are The Most Indebted Ever With Student Loans
Thanks to an awesome reader and tipster I was told about the recent Wall Street Journal article which shows the graduating class of 2011 is the most buried under student loan debt, ever. Even as the average U.S. household pares down its debts, the new degree-holders who represent the country’s best hope for future prosperity [...]
- I Just Got a Notice That My SSI Payments Are Going to Be Garnished for an Old Student Loan. – Alexandria
“Dear Jeremy, I withdrew from my doc studies three months before graduating becuase my spouse became terminnaly ill in 1997. He passed away Dec 20, 2010. From 1997-2011 I became his full time caretaker. I could not work. The student loan people hired various agencies that proceeded to abuse us every day 7 days a [...]
- We Are Trying to Get Out of American Educational Services Student Loans
“Dear Steve, My wife returned to school several years ago and took out some student loans. Those loans were eventually sold to aes. One was for about $10,000 and the other for about $8,000. She has been paying the minimum statement for five years, (about $9,000) but the amount owed hasn’t decreased! The payments are [...]
- My Student Loan Story From Hell. – Jody
“Dear Jeremy, My student loan story of hell. Between 1985 and 1989, I took out student loans to the total of approximately $14,000. Being a single mother, thought education would get me a better job than a factory job. So I got my education and could not find a job that would pay me enough [...]
- Student Loans – People Speak Out About Drowning in Student Loans
Here is our latest video on debt. This time it’s all about the burden of student loans. Nothing says frustration like a lifetime of debt for a degree you never finished. @GetOutOfDebtGuy
- I Need Student Loan Forgiveness. – Jim
I am a sixty one year old male, married and I have five children (three steps and 2 bilogical). Many years ago I took out student loans totally aproximately $12,000.00. My wife at that time and myself got into financial trouble and had to file bankruptcy. I was told by our attorney that my student [...]
- I’m a Teacher. How Can I Get My Federal Stafford Student Loans Forgiven? – Aimie
Aimie 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 [...]
- My Old Student Loans are Holding Me Down. – Sharon
Sharon 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 Went Bankrupt in 2005, I am a Disabled Vet, and My Student Loans are Coming Due. – Ben
Ben 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 [...]
- Drowning in Student Loans?
If you can’t make payments on your student loans, don’t panic. Don’t just give up and invite default, either. Default means that your credit will be damaged and your loan balance will increase dramatically with the addition of collection fees. And once you default, the holder of your loan will probably grab a portion of [...]
- Student Loan Debt: The Next Subprime Bubble to Burst?
I just finished watching the Frontline PBS show College, Inc. about for-profit education and the resulting student loan debt. It was estimated that students in for-profit colleges will graduate with double the amount of student loan debt as compared to a traditional university. The default rate was alarming as well. For-profit colleges account for 10% [...]
- We Are Making More Money Than Before But Slipping Further Into Debt. – Lynn
“Dear Steve, My husband and I are making more money than ever before but keep getting further in debt. We used up our savings 2 yrs ago due to being out of work for an illness and had to use credit cards to make ends meet. The balances grew so that when both our jobs [...]