I am extremely frustrated at the lack of help for people with student loans. I have $50k of student loans,in which where originally $27,000, I have not been able to make payments for the last years due to the economics slowdown. Last year I was denied any forebearance, right now I am danger of being in supposedly "default" on my loans.
Oh, one of my denials said the form was unreadable, it was typed in Microsoft word.
These servicers of these loans are legal loan shakers. I am being charged 8% ,but it's really not, because the way it's compounded ita equal to 24%. Why is it that the government of the united states penalizes their citizens if they continue their education.
My wife is unemployed and I am a store owner. I have fought to eliminate my debt, my house is modified,my credit debt has one more year and it will be gone. Yet my students grow to unmanageable high debt which I can not control.
Why can't I modify my student loan debt as I did my mortgage.
Are the senators and Congressman making money from our student loan debt? What is wrong with them?
william reed
I am extremely frustrated at the lack of help for people with student loans. I have $50k of student loans,in which where originally $27,000, I have not been able to make payments for the last years due to the economics slowdown. Last year I was denied ...more