insane_debt
So yes before anyone says it, I'm an idiot. I went to an expensive state school without a good enough scholarship or without wealthy parents and then made a much bigger mistake by taking out a private loan when my school told me I had to come up with the extra $10k+ each year over my federal loan limit or quit school. I also was dumb enough to not notice that the rates were adjustable or very high, which put about 1/2 of them now at 10% interest.
Also, my school told me my senior year I should actually be getting more federal money due to a school paper work mistake. "WHOOPS! our bad you didn't really need those private loans" So I'm both dumb and unlucky.
With that out of the way, I'm currently making about $1k a month (yes I need a better/another job and yes I'm looking) and my friends at Sallie Mae expect me to pay about $900 of that towards my loans every month due to the fact they are 7 individual loans (even though I applied for each year all at once) and they won't do private loan consolidation anymore and citibank won't touch them either.
Owing a life debt to Sallie Mae would be unpleasant but acceptable if I could eventually pay it off, but with the interest spiraling away it's hard just to stay on top of that. Is there anything I can do? Would bankruptcy at least stop the interest?
I have no interests in life anymore but getting Sallie Mae to leave me alone. Not good credit, not owning a house, not getting something better than my broke ass car, nothing. I would happily torch any future credit potential if it helped my student loan situation any.
I'm not even gonna talk about my federal loans.
Also, my school told me my senior year I should actually be getting more federal money due to a school paper work mistake. "WHOOPS! our bad you didn't really need those private loans" So I'm both dumb and unlucky.
With that out of the way, I'm currently making about $1k a month (yes I need a better/another job and yes I'm looking) and my friends at Sallie Mae expect me to pay about $900 of that towards my loans every month due to the fact they are 7 individual loans (even though I applied for each year all at once) and they won't do private loan consolidation anymore and citibank won't touch them either.
Owing a life debt to Sallie Mae would be unpleasant but acceptable if I could eventually pay it off, but with the interest spiraling away it's hard just to stay on top of that. Is there anything I can do? Would bankruptcy at least stop the interest?
I have no interests in life anymore but getting Sallie Mae to leave me alone. Not good credit, not owning a house, not getting something better than my broke ass car, nothing. I would happily torch any future credit potential if it helped my student loan situation any.
I'm not even gonna talk about my federal loans.