Going to try to keep this vague for my identity. I'm a stupid dirty liar and at this point the truth can't help me. I didn't graduate, but the person who cosigned on my loans thinks that I did. I got very close – within a few credits – and then dropped the ball hard to the point the school wouldn't readmit me to finish up those few credits or maybe transfer them in if I took the classes elsewhere. They are private loans, which was not my choice but what I had to do for a multitude of reasons, so there is no help the way there could be from federal loans. They are in repayment, and the cost every month is more than double what I pay in rent. I work a full time job with overtime and am still struggling to make these payments. I can't consolidate to MAYBE get a lower payment without the degree.
I have no idea what to do to get my life back together. How to get a degree in my hand, get a better job for more money, make these payments that are forcing me to choose between food and other necessities. Forbearance can only go on so long. I'm lost and more depressed than I have ever been in my life and I just need help.
I'm in a hole and trying to find the way out.
byu/Acrobatic_Set9553 inStudentLoans
Posted by Acrobatic_Set9553
2 Comments
I’m not familiar with private loans, but don’t they go into forbearance if you’re registered as a student like federal loans do? And would going to community college to get an associates fulfill the requirement that you have a degree to consolidate and get a lower rate?
How much are the amounts we’re talking about here? What’s your degree in? Or at least your field?