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How Am I Ever Going to be Able to Pay Back My ITT Student Loans? – Tameka

By on November 8, 2010
How Am I Ever Going to be Able to Pay Back My ITT Student Loans? – Tameka

Help paying back student loans

Im a single mom and I went to ITT and racked up quite a bill. I was wanting help to pay them back. As you may know it is getting harder and harder for single moms what with paying all the bills on your own. Please help me to find some type of payment assistance. thanks for all your help

Im looking for some type of free grants to help pay back my student loans, Im a single mom and its hard paying all these back with bills and everything that racks up.

Tameka




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READ  I Can't Afford My Worthless ITT Student Loans Anymore

About Steve Rhode

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2 Comments

  1. CarryO4545

    November 9, 2010 at 9:05 am

    Well it depends on whether you have private or federal loans.
    If you have private…like me…I feel very sorry for you….there aren’t many options for you to explore. Perhaps a forbearance or a deferment, but those will only off-put you having to pay for about 6 months while accruing interest DAILY. That’s right, DAILY. Your interest rates may choose to go up and down too, which is great on the heart and ulcers you may develop at an early 20’s age.
    OR, like me, you can choose to pay interest only and pray to God your consumer protections kick in within the next few years. Surprisingly enough you will find the interest will be approximately 45% of what you already pay, for about 2 years. That would be a cool $261 a month for me, $520 is my normal payment. I have two jobs at 65 hours a week and sometimes, I even collect cans for gas! At least I can break even at the end of the month which is more than I can say for some of my friends…
    You COULD consolidate, but most companies aren’t offering that. Sallie Mae told me that I’m not allowed to at this point because of the recession. Something tells me their company isn’t really doing all that bad..but who knows. I also have no home or assets for the bank to use as collateral, so again, I’m screwed.
    on FEDERAL LOANS:
    There is the federal loan forgiveness program if you work in a governmental field or some public service fields. There is also Income Based Repayment options that will greatly ease your stress level. I have applied twice for my two lower loans but…gosh gee, Sallie Mae keeps losing my dang paper work…hrmrmrm….

    Otherwise, get another job or marry rich- like the loan officer told me to do. I chose the former because I still value my life…but we’ll see how I feel when that $500+ comes into play again.

    I went to college to better my life.
    Now I have two jobs, a few ulcers, hypertension, and I live right back in the same tiny town I tried to escape. I’ll be living back with my parents in a few months.
    Better life indeed.

  2. CarryO4545

    November 9, 2010 at 2:05 pm

    Well it depends on whether you have private or federal loans.
    If you have private…like me…I feel very sorry for you….there aren’t many options for you to explore. Perhaps a forbearance or a deferment, but those will only off-put you having to pay for about 6 months while accruing interest DAILY. That’s right, DAILY. Your interest rates may choose to go up and down too, which is great on the heart and ulcers you may develop at an early 20’s age.
    OR, like me, you can choose to pay interest only and pray to God your consumer protections kick in within the next few years. Surprisingly enough you will find the interest will be approximately 45% of what you already pay, for about 2 years. That would be a cool $261 a month for me, $520 is my normal payment. I have two jobs at 65 hours a week and sometimes, I even collect cans for gas! At least I can break even at the end of the month which is more than I can say for some of my friends…
    You COULD consolidate, but most companies aren’t offering that. Sallie Mae told me that I’m not allowed to at this point because of the recession. Something tells me their company isn’t really doing all that bad..but who knows. I also have no home or assets for the bank to use as collateral, so again, I’m screwed.
    on FEDERAL LOANS:
    There is the federal loan forgiveness program if you work in a governmental field or some public service fields. There is also Income Based Repayment options that will greatly ease your stress level. I have applied twice for my two lower loans but…gosh gee, Sallie Mae keeps losing my dang paper work…hrmrmrm….

    Otherwise, get another job or marry rich- like the loan officer told me to do. I chose the former because I still value my life…but we’ll see how I feel when that $500+ comes into play again.

    I went to college to better my life.
    Now I have two jobs, a few ulcers, hypertension, and I live right back in the same tiny town I tried to escape. I’ll be living back with my parents in a few months.
    Better life indeed.

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