When I signed up for the Army, it was not a popular time to serve our country in the military. People who understood what it meant to serve congratulated me, while others thought I was making a big mistake, or worse, ridiculed me because of Vietnam, but I wanted to follow in the footsteps of … Read more
Question: Dear Steve, I started my student loans with Sallie Mae in 2004/2005. At the time, they asked for my parents information (my mother being a single mother was not able to help me, however financial aid said she made “too much” and I did not qualify and could not apply for federal loans on … Read more
“Dear Michael, Thanks so much for providing the people with this opportunity to communicate with you! I am writing to you to seek advice since I find myself in a desperate situation with credit card debt. I will be as brief a possible. I am a Biology teacher and have been a teacher for the … Read more
With the school year done in our area and others, I’ve been able to spend more and more time with my mom on the phone catching up. While she sometimes goes on trips during her break, this year she wants to be flexible as she’s awaiting the arrival of our baby next month, her first … Read more
“Dear Steve, My wife works in the Boston public school system. has for 10+ years. she has ~$95K in student loans. I thought she should qualify for debt relief since she works in the school system. Unfortunately, they look at our joint income, which puts us out of contention. Their formula doesn’t account for all … Read more
More and more at GetOutOfDebt.org we are getting questions about how to get your student loans eliminated, forgiven, or discharged if you are in or served in the military, police officer, teacher, librarian, or other public service employee. It is absurdly ironic that members of the military can go into harms way, fight in combat … Read more
“Dear Steve, I am a high school teacher-same school 24 years. We had a house fire 4 years ago, fought insurance company, ran up credit cards, then paid them all off. Then my husband’s job was disappeared; found a new one-not paid; now fighting the owner for non payment, looking for another. Credit cards maxed … Read more
“Dear Steve, I worked as a NYC teacher. I was injured 6 years ago flling down the stairs. It was a line-of-duty accident, not subject to worker’s compensation laws. The departments doctor found me disabled, but did not make a final determination until 7 months later. They kept paying my salary. Then the doctor said … Read more
“Dear Steve, I am married with two children under 4 and rent my house. My rent is 750.00/mo., car payment is 550.00/mo., daycare is 1000.00/mo., loan is 450/mo., and then we have the usual utilities and cell phone bills. Two years ago my husband lost his job, then last year he changed jobs. He currently … Read more
“Dear Steve, I was a public school teacher until health problems forced me to quit teaching so therefore, I retired. The doctors have not given me clearance to return to work; so at the age of 61, I doubt that I will be unable to return. About six months before my health problems began, I … Read more
“Dear Steve, After long and expensive divorce got a predatory mtg. Taxes are 12k month. Teacher not paid in summer and ran up credit cards due to high expenses over the years. Just stared making decent money but now have unsecured debt of approx 170k. Mtg of 406k. And can’t make ends meet even on … Read more
Aimie “Hi Steve, I graduated from ORU in 2007 with 72k in school debt. I have been doing volunteer work for a year and have now been married and moved to NYC. I am working in a private Christian school as a teacher for the 3rd and 4th grades making a salary of 20k. I … Read more
“Dear Steve, My Brother-in-Law is deeply in debt. He was laid off from work 6 years ago and hasn’t found a decent job since. He isn’t very smart when it comes to money and lived off his savings until it was all gone. He is now 60 years old, has several thousands of dollars on … Read more
“Dear Steve, My husband and I have been married for almost four years. We are both teachers and make about 60,000 a year combined. During this time we have accumulated over 25,000.00 in needless debt. We own our own home, have one car payment and two student loans. We have tried to a make a … Read more
“Dear Steve, I have been teaching at the same Title 1 school for more than 10 years. Both before and after October 30, 2004 (the date indicated in the forgiveness details), I have completed at least 5 years of teaching. About $70,000 of Stafford Loan debt has accrued because of enrollment in a Master’s and … Read more