Drowning in 50,000+ student loan debt. Any ideas on where to look for help?
Hi! I have been trying to find a place to go for assistance with my student loans. I have about 56,000 in student loan debt. It's about 30,000 private and 26,000 federal. I have not been able to find a position with my degree and have been looking for a better paying or second job to help add income, but have not had success on that end either. I only make between 800 and 900 a month and the student loan companies act as if paying huge amounts for my loans each month should be no problem.
My private loans are in default and while my wages haven't been garnished yet, I'm afraid they will be if I don't act soon.
I truly would never have gone to college if I had known the nightmare of collection calls and gigantic debt it would become. The financial aid officers never tell you the true cost of what you are borrowing, It's just "Sign here and everything will be taken care of".