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.