“Dear Steve,
I completed an undergraduate education with $100,000 of student loan debt (half government/half private) I’ve increased my income to $30,000/yr. and still can’t afford to live modestly and pay my debt. I am 4months behind on repayments. My minimum payment due next month is ~$7,000 most of which is interest. It is IMPOSSIBLE for me to pay this in ONE YEAR, yet alone one month. There is no way I can ever pay this, yet alone get ahead and dream of having a home or a family. Not to mention, I have ~$1000 in major credit card debt which I have managed to reduce and control… but the student loan overhead is IMPOSSIBLE to recover from… Can you PLEASE HELP ME!!
Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.
Lex”
Dear Lex,
Help is really only available for the government backed student loans. The private students have no real options.
On the government backed loans look at information about the Income Based Repayment (IBR) plan. That is your best shot at getting those debts under some sort of control.
It is of little comfort now but any investment has to be weighed by its rate of return. A $100,000 education can’t survive on $30,000 of occupational income. The equation needs adjustment. Either a cheaper school would have been more in order for the field of that income level or a new job should be sought with a higher income in the same field.
This is exactly why many people graduate and have to embark on a career different than their schooling just to pay the bills. Their dream ends at graduation.
Not very helpful.
Hello this is a Funding Source that shares the desire to engage in the high-risk, high-return potential practice of investment financing”. We provide capital to entrepreneurial companies and serious individuals who seek to make investments in the area of infrastructure and construction development such as Road & Bridges Construction, Mega city development, alternative power, waste-management (waste to wealth), Real Estate, Oil, Mining, Trading etc anywhere in the world. we can also offer you various type of loans eg consumers loan and investment loans Possible 3% to 4% interest rate loan, email contact:cw******************@***il.com
C/W FINANCIAL.INVESTMENT.LOAN LTD
145-157 ST JOHN STREET,
LONDON EC1V 4PW
Registered no: 07576219
EMAIL: cw******************@***il.com
Hello,
I am Mrs Francisca from United State Texas and i am a lender worth over $1 Billion USD. I have 3 lending Companies and i am known as Queen the lender. contact email at fq**********@*****il.com and you shall seek what you want.
Thanks and God Bless as you apply.
Mrs Francisca
Hello,
We offer loans to those in need,So are you in need of a loan,
Do you have any financail problem?We are ready to help you with a fast loan so if interested
simply contact us at ch****************@***oo.com
So we are ready to help you and for us to proceed
simply fill the loan application form below.
NAME:CHARITY LOAN COMPANY
EMAIL: ch****************@***oo.com
LOAN INFORMATION:
Name:
Country:
Address:
Age:
Phone Number:
Occupation:
Gender:
Monthly income:
Amount Needed:
Loan Duration:
How soon do you need the loan:
Hope to read back from you soon, thank you.
Regards.
Mr Benson Moore
ch****************@***oo.com