I am in default on my Student Loans.  They have been sent to collections.  But I can barely afford to pay rent.  I do not go out, have fun, nothing.  I work to pay my rent.  What do I do.  I want to pay them.
214556
when you get this answer send it to me too. I am in the same situation sorry i am no help
99967
Did you do the FAFSA form.  I am kind of in the same boat.  I didn't go to school and I worked instead.  Now my FAFSA info will be based on my income of 20,000 even though if i go to school full-time I won't be making any money.  We should keep in touch and encourage each other.  I hate feeling like I have an "impossibbility complex" over something as simple as going to school.  If you can work out something to get through your first year, you will be eligible next year.  Take student loans, it should be worth it.  If you click my name, there is a link on my profile to send me an email.  Feel free!
65755
This will be touchy.\n\nPlease don't take this wrong. \n\nI don't know if you can do anything about it or not, even with some legal help. The way everyone else is going to see it, is that you broke the law and went to prison. You could not pay the loan bills because you were in prison. You were in prison because of drugs, which is against the law. So, being that you can't pay a bill which you "voluntarily" took on by getting a student loan because "you" broke the law, then the collectors or whoever is not going to be merciful. \n\nPlease don't think I am being a butthole. I am in the military and after a couple of years, I understand how people of authority think. They don't care about how you got into the situation you are in or why. All they see is that you got yourself into it. They also know that you know right from wrong. So regardless of what you saw growing up, or if you come from a broken home, or if you were in the wrong place at the wrong time or whatever could have possibly led to your situation. All they think is, you are responsible for your own actions. \n\nSo in their eyes you are responsible for your debt. Regardless of what has happened from the time you took on the loan until now. \n\nLike I said, please don't take this wrong. I am not lashing out at you or against you. I am just telling you how they are most likely thinking. I am not judging you or condeming(sp?) you. \n\nSo seek legal help ASAP. I wish you luck.
467466
Your best bet is to call your lender and work out a deal. When someone defaults everyone loses - the borrower, the lender and the taxpayers. It's in everyone's interest for your to start paying before they start garnishing your wages.\n\nYour lender has dealt with this kind of situation before and will have a process in place to help you.
347195
What do you owe money back for?\n\nIf you have prior student loans, you will qualify for an in-school deferment if you go back to school in at least 6 units. Once you are enrolled, contact your lender and they can mail you the deferment application. If your loans are already defaulted, then the deferment will not be an option. If you have defaulted student loans, you must resolve the default before you will qualify for any other type of federal student aid.\n\nIf you owe back for Pell grant from a prior semester, you will not qualify for a federal student loan (or any other type of federal student aid) until that overpayment has been repaid. Even if you are going to use the funds to pay back your prior debt, the school will still not fund you if you have an overpayment on your record because you do not qualify.\n\nSo, unfortunately, your answer is NO. Unless you take out a private loan at a bank.
535516
We've all been there, honey.   \n\nYou're just out of school/your parents' house and you're looking for a pad to call your own.  No big whoop, just a place for your futon and where you can walk around naked without worrying about other people.  But you're a newbie and they are going to scrutinize you, right? \n\nPerhaps, but it's not that tough. \n\nLandlords will be looking for a two things:\n1) can you pay, and\n2) are you going to trash the place\n\nThe good news is that you're not buying the place - just renting.  You don't need much "credit" to rent an apartment.  Unless you've done something bad to really screw up your credit (e.g bankruptcy, default on credit cards), you have a good a chance as anyone.  Many, but not all landlords, look at credit scores.  Those that don't often ask for 1st and last month's rent plus a deposit in lieu. \n\nThe #1 thing you can do to improve your chances of getting rented to is a JOB.  This will show if you can pay. \n\nThe #2 thing you can do to improve your chances is to look respectable.  Wear clean, pressed clothes when you go look at the place. Lose the attitude for the visit and be on your best behavior. Nobody wants some who "looks irresponsible".  Once it's yours, then you can play what you want, do what you want (and when you want) and wear what you want (or not wear). \n\nGood luck.
489213
Do you know that this is where schools fail us. If only they could explain/teach us about debt and what it can do to us then maybe we would understand how to excercise self control. \nI have spent 20 years in debt and am proud of the fact that i have paid it all of(last October) and am now debt free. BUT, and it is a big but, i want a new tv, maybe a 37 inch lcd hd ready one to hang on the wall and i have credit cards, overdraft facilities and no savings! What would you do, get credit .....NO, save money, learn that the only money that you can spend is money you have earnt or saved.\nPlease dont fall into the trap of debt/borrowing money etc ..it can kill you, if not literally then just in spirit and mind.\nBanks and lending organisations should be held more accountable if you ask me.
170998
You need to weigh what you have to do now against the result in the end.  Can you afford it?  Some people spend much more than that for college.  If that is what you want to do with your life, and you can afford it, go for it.  There is nothing like going to work and enjoying what you do, regardless of the pay.
402285
Newsflash: Borrowing money to pay off debts only puts you further in debt.\n\nThe first step to getting out of the hole is to stop digging!
509180
YOU ARE IN A PICKLE.\n\nCONTACT OWNER AND SEE WHAT IS UP.. THAT IS YOUR ONLY RESOURCE AT PRESENT.\nMUST OWE SOME MONEY..\n\nTHEY ARE SUPPOSE TO GIVE NOTICE UNLESS YOU HAVE BEEN TOLD VERBALLY.....AND BEHIND OFTEN IN RENT...
214607
I don't know about getting them written off but you can ask for a forbearance b/c of financial hardship.  You will still have to pay them but at a future date set up by the student loan ppl. Contact them ASAP! Don't wait to long.  Once they are put into default there will be nothing you can do.  They will take your federal income taxes until the debt is paid in full and/or garnish any future job salaries.\n\nGood Luck!
252689
If you pay rent then that is your home too! If your mom is not planning on helping to pay your sister's portion, then she has not right to ask you to pay anymore than you pay now. Yes, family helps family but if you can't afford it, what else can you do?
163731
set up a meeting with the advisors in the financial aid office of your school. you will have to declare emancipation from your parents. that means they will not be able to declare you for income tax purposes in the future but you will qualify for far more aid than you would under their income. \ni'm pretty sure that load in default will continue to haunt you anyway. you need to notify that loan company that you are still attending classes so they can defer the loan while you are still studying. don't stop until you get someone to listen to your story.
156234
Your debt to income and the loan amount vs. the interest rate determines what you can afford.  Basic projection is your total monthly debt payment cannot exceed more than 50% of your gross monthly income.\nYou do not need to worry about the time on the job issue as long as you are employed in a related field to what you studied in college.  The contract for your new employment will suffice.\nDepending on your credit and how bad it actually is will also determine what LTV (loan to value) you qualify for.  You can expect to pay off any outstanding judgement you have, but your other collections more than 24 months old can be ignored with many lenders.\nThere are literally thousands of loan programs you probably qualify for and speaking to a Loan officer and having them reveiw your credit is the best initial step to take.
584981
Be up front and let them know that you have outstanding debt and how you're taking care of it.  Honesty, surprisingly, blows them away.  \n\nOffer to pay a larger deposit, right off the bat.  State you understand you do not have great credit and that you're taking steps to rectify that, but that you're willing to pay a higher deposit to make them more comfortable.\n\nTake a look at your credit report too, there are lots of free programs.  Make sure all of it is truly yours and that there are no duplicates.  Have answers ready so when a potential landlord pulls your credit, you can explain the mistakes and inconsistencies and show them you're pro-active at the same time!  Good luck!!
276450
When you signed the promissory note for your student loan, one of the "Rights & Responsibilities" that you agreed to was that you would repay your loans even if you do not graduate, do not obtain a job in your chosen field of study, etc.\n\nThat said, it sounds like you might be a candidate for a Economic Hardship Deferment, which would allow you to defer payment of your  loans (including any the interest on any subsidized loans).  These deferments can be hard to obtain, though, particularly if you have income.  However, if you are not eligible for this type of Deferment, you can apply for student loan forbearance, which is much easier to obtain.  In a forbearance, you will also not be required to repay your loans -- however, they will continue to accrue interest during this time.\n\nWhatever you decide to do, make sure you call your loan holder (usually a lender [like Citizens Bank] or a servicer [like Sallie Mae]) before you miss any payments.  Good communication is the best way to get a lender to work with you.
189215
You can't go bankrupt on student loans!! Get over it.  They will eventually collect all the money including interest one way or the other.  Worst creditor in the world.  Figure out how to pay it back as soon as you can.  They are now garnisheeing Social Security Retirement and Disability Checks!!  So even if you still owe something at age 65 they will continue collection against you. One of few debts you cant go bankrupt on.  Even the IRS will negotiate with a taxpayer.  Not the student loan folks full payment full interest.  It will only get worse if you don't make payments.