Question: Dear Steve, So you’re only the second person in the world I’m telling this to because I was embarrassed by my decision to default on my private law school student loans back in 2014, but now I’m thinking I may be a genius. So I went to law school at large private school in Manhattan. I still live in ... Read More »
“Dear Steve, Recent law school graduate. Legal job at $10/hr, part time. $250,000 in loans (includes 4.5 years undergrad and 3 law school without any family assistance or preparation) accruing interest. Required monthly payments at just under $4500/month, can’t afford rent, gas, food, etc. Living tentatively with family. Hopeless and deeply, deeply scared. Waiting IBR request. Completely overwhelmed and desperate. ... Read More »
Student Loans and Suicide. I’m a Lawyer Living in a Hovel in New York With Private Student Loan Debt and Thinking of Becoming an Escort.
“Dear Steve, I have defaulted on $90,000 in student loans. The remainder of my loans (I believe they are now somewhere around $100,000) are in forbearance. Last year I made a total of about $40,000, first as a temporary administrative assistant and then as a full-time employee of a corporation. Unable to find a job, I attempted to start my ... Read More »