nwbroke
My monthly disability income is a little under $1,000. Almost $150 is taken out "offset" and I am left with $750 (a Medicare B premium is also taken out)..
My rent for a room in a house with nine other people is over $600 and I am living on fumes.
They say I need to voluntarily pay $80 per month in addition to the involuntary $150 payment to get my loans out of default.
That's not realistic (see above) and it's not going to happen until income and/or expenses improve. (And I can't reduce my housing expense because I can't save up the money required to move into a cheaper place.)
The only thing that will work for me is a reduced payment, so I downloaded the forms. It appears there is NO allowance for building an emergency fund.
I don't have an emergency fund now but I know I need one.
I have obtained the hardship forms and do not see any provision that would allow a borrower to save money for an emergency fund. Is this reasonable?
So what happens to people with student loan problems when they have an emergency without an emergency fund?
My rent for a room in a house with nine other people is over $600 and I am living on fumes.
They say I need to voluntarily pay $80 per month in addition to the involuntary $150 payment to get my loans out of default.
That's not realistic (see above) and it's not going to happen until income and/or expenses improve. (And I can't reduce my housing expense because I can't save up the money required to move into a cheaper place.)
The only thing that will work for me is a reduced payment, so I downloaded the forms. It appears there is NO allowance for building an emergency fund.
I don't have an emergency fund now but I know I need one.
I have obtained the hardship forms and do not see any provision that would allow a borrower to save money for an emergency fund. Is this reasonable?
So what happens to people with student loan problems when they have an emergency without an emergency fund?