My monthly payments are about to be ~$700/mo. I can’t afford it. I’m also disabled now. Thankfully, I’m able to work remotely (for now), or I wouldn’t be able to work but I barely make enough to get by. It’s a long story but I got into this position and then became chronically ill. I don’t have any help.
Has anyone gone back to school to get their loans in deferment status? I figure it’s cheaper than $700/mo but I may be missing something?
Anyone successfully take classes online (cheap) and have advice for considering this option?
Going back to school for deferment?
byu/Ok-Syllabub6770 inStudentLoans
Posted by Ok-Syllabub6770
7 Comments
Can you get some sort of deferment or is some other avenue available due to your disability? Do you work in the field you went to school for?
I mean, it does defer them. It is a house of cards though, eventually you have to pay and they’re only going to go up. Create a plan long term where you can handle your debt. School gets old after a while.
I would point out that the time you spend doing a few classes a semester likely equals the amount of time you could work to make the extra 700 a month from a second job, and you wouldn’t be charged to have the second job.
>***I barely make enough to get by.***
Your post history says you recently bought a newly built home in a well-to-do area, and you have money for weed.
>***I don’t have any help***
You’re married and you have a husband.
Are you applying for SSI or SSDI?
If you ‘barely make enough to get by’ then why are your payments 700 a month?
Apply for an income based repayment plan
Does it count if you do online learning?
Before you made your account private, post history showed you recently bought a home.
Sounds slike a budgeting issue