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Tag Archives: student-loans

I Am Terrified I May Have to Pay Taxes on My Forgiven Student Loan Debt. – Elizabeth

worry

“Dear Steve, I am 27 years old and have a Master’s Degree in Social Work. All of my loans are government loans (no private loans). I accrued all of my debt (approximately $89,000) in graduate school. As a social worker, I do not make much per year and have consolidated my loans and am on the income-based repayment plan, paying ... Read More »

    Student Loan Interest Rates to Double and Might Go Variable

    surprise

    If Congress does not take action the rate subsidized student loan holders pay will double July 1, 2013 from 3.4% to 6.8%. Student loan interest rates have been set by Congress and kept artificially low as a way to encourage education. But a vote in the House yesterday about a Republican proposal is set to have some very dangerous and ... Read More »

      Maybe You Should Not Go to College

      Praying

      I hear all the arguments about the value of a college education. And I agree with much of that. But the fact is not everyone who goes to college and takes on student loan debt graduates or even graduates into a field that pays enough to service the student loan debt. In fact 75 percent of people with student loan ... Read More »

        My Ex-Husband and I Consolidated Our Student Loans. I’m Still Paying. – Marie

        Divorce

        “Dear Steve, My ex-husband and I consolidated our student loans back in 2004. In our divorce in 2012, I am required to pay on the joint loans for 10 years then in reverts to him. He is currently paying individual loans of ours. He makes considerably more than I do (about $45,000/yr and I’m around $25,000/yr) and I am unable ... Read More »

          We Owe $700,000 in Student Loans And Need Help! – Laura

          broken piggybank with dollar notes

          “Dear Steve, We are considering bankruptcy and have a huge student loan of over $700,000 that has been in forbearance for 24 months. We have only paid small monthly payments in the past because of being self-employed and not making a lot of money. The original amount was about $200,000 and the rest is interest. My husband is 51 & ... Read More »

            I am a Disabled Student on SSI. My School is Asking Me to Pay. – Devon

            past due envelope

            “Dear Steve, I am a disabled student. I am currently working on my Master’s. Some of my classes and financial aid has gotten messed up. Now 2 schools are making me pay for classes. The cost adds up to about $7000. I receive SSI and can barely afford my bills. Is there anyway I can try to fix this? I ... Read More »

              The Ultimate Guide to Dealing With Student Loans You Can’t Afford

              Thinking

              More and more student loans are becoming the most problematic debt anyone can own. At some point in the past couple of decade student loans when from a leg up to financial slavery. There is a lot of information out there about how to deal with troublesome student loan debt and payments. But I thought I’d put together the ultimate ... Read More »

                My Life is on Hold Because of My Student Loan Debt. – Sandy

                help woman

                “Dear Steve, Deep in student loan debt ~ Approaching $300,000 ( I cannot go and look at the exact total as it will freak me out) The federal ones are manageable $136/month AES $95 a month (been paying over 3 years and it has barely made a dent in the loan payoff total) Sallie Mae – $1170 a month, and ... Read More »

                  I Tried Making Student Loan Payments But They Are Rude. – Annette

                  angry caller copy

                  “Dear Steve, I owe student loans and I have even tried calling the compainies to make future payment arrangements, but for some reason the people are so rude and in considerate. Once I stated making payments of a large sum and was promised after 6 months of payments I could be placed into a loan Deferment program but after I ... Read More »

                    I Took Out a Student Loan to Cover Life Expenses and be a Mom. – Layla

                    oops

                    “Dear Steve, In 2008 I took out a student loan to help me pay for expenses and be a mom without exhausting myself doing it. I asked for $10000 and the guy convinced me to go with the full amount I was approved for which was $23000. I was not able to graduate and now they are knocking down my ... Read More »

                      Ticking Student Loan Time Bomb One Step Closer to Exploding

                      student loan debt TU

                      A recent TransUnion study has revealed that more than half of student loan accounts are in deferred status, where the repayment of the principal and interest of the loan is temporarily delayed. In my experience the primary reason people do this is when the full student loan payments are unaffordable and they need falsely perceived breathing room. Deferred loans now ... Read More »

                        My Mother Took Out Loans to Pay for My Education. I Can’t Afford to Pay. – Jasmine

                        College Tuition Expenses

                        “Dear Steve, My mother took out loans to fund my education with the best intentions in the world. Unfortunately because of some medical and educational setbacks, it took me 6 years to graduate and I’m sitting on around 100K in student loans, not sure how much is private and how much is federal :( After graduation I was laid off ... Read More »

                          Single Parent, Stuck in Low Wage Jobs, Huge Student Loan Debt. – Heather

                          sad-woman

                          “Dear Steve, I am a single parent, sort of an empty nester, but not quite. I have always worked low wage jobs because I don’t know the right people. I thought my brains and work ethic would get me past that. Long story short, I finally graduated college at 40, but I am still working the same dead end job ... Read More »

                            How to Really Discharge Your Student Loans in Bankruptcy. Many Can. But Never Try.

                            Student Loan Corkboard Concept

                            For years we’ve all heard the same message that it’s near darn impossible to discharge student loans in bankruptcy. We’ve heard that the undue hardship standards make it so onerous that expecting a student loan discharge is all but an act of God. But what if that belief was actually more myth than fact? Recently Jason Iuliano, (J.D. Harvard Law ... Read More »

                              I Am a Special Education Teacher and Facing a Wage Garnishment for My Student Loans. – Lucinda

                              teacher

                              “Dear Steve, I am an special education teacher, been teaching 9 years. My student loans have been garnished, taxes taken as well for the last three years. with the incoming coming out of my paycheck, i lost my apartment twice. The second time, i had lost my teaching certificate for a few months and job position. I am not teaching ... Read More »

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