All the talk about College Loans in the Senate

Inchworm

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-18-07 02:59 PM
Original message

All the talk about College Loans in the Senate

Makes me wish I could figure out a way to get my student loans out of default, so I could continue my degree.

:banghead:

Printer Friendly | Permalink | | Top

undeterred

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-18-07 03:03 PM
Response to Original message

1. Yet another thing America does wrong.

Do you know any Europeans or Canadians struggling with student loan debt well into adulthood?

Printer Friendly | Permalink | | Top

Inchworm

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-18-07 03:18 PM
Response to Reply #1

2. I wish I'd have known

6 years ago what would happen. I wouldn't have taken the loans.

:banghead:

Printer Friendly | Permalink | | Top

undeterred

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-18-07 03:24 PM
Response to Reply #2

3. For many of us, there is no other way.

I got through college with very little debt because I went to a state school a long time ago and worked my way through. State schools now are outrageously expensive. I borrowed money for grad school. Had to change fields to pay it back, ironically.

Printer Friendly | Permalink | | Top

durrrty libby

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-18-07 03:28 PM
Response to Reply #2

4. You can get them out of default. I remember an old neighbor

mentioning it. I think you contact the lender and make

some on-time payments

I'm sure if you spent some time with the Google, you could figure it out

I think they never go away, so it is better to deal with it

Printer Friendly | Permalink | | Top

eppur_se_muova

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-18-07 05:48 PM
Response to Original message

5. Contact the lender or guarantor about that. Usuaully it requires making payments ...

for up to one year on time. The good news is the payments are usually quite a bit smaller than the regular payments.

Printer Friendly | Permalink | | Top

Inchworm

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-18-07 07:00 PM
Response to Reply #5

6. Yup- I followed advice above

I found out a lot. If I pay their amount (which is impossible for me atm) for 9 months the loan will come out of default.

It's a catch 22. My two year college is holding my transcripts hostage until I am out of default. I need the training/degree to work to make money to pay it.

I'll keep on plugging until I figure it out. I do not see fall classes in my future though.

Thanks for the tips.

:hi:

Printer Friendly | Permalink | | Top

eppur_se_muova

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-18-07 07:20 PM
Response to Reply #6

7. "Hostage" is the word. This is what our debt-controlled society is doing for us.

It's worse than debtors' prison, by a long shot.

I hope you find a way around it. It sounds like you are dealing with a more complicated situation than I have experience with.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Mon Apr 29th 2024, 12:48 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.