I was able to afford my payments on the save plan an my wife was able to afford hers as well. We both have graduate degrees and good jobs however, the interest is just so high it takes nothing off of it. We are both 6 figures in debt and now the plan is getting removed and we will owe over 2k+ a month. We wanted to start trying for a baby soon and buy a house but, obv that’s out of the picture. We have decent jobs but w we live in a HCOL area bc the best jobs are out here and the more we get paid the more we pay, and in the end we are paying towards nothing bc it just keeps accruing. I’m honestly thinking of just being done with life at this point. It’ll cut my wife’s financial pressure in half, she can be with someone who can possibly help her better than I can. I just can’t do this. I worked so hard as the only person in my family who’s ever gone to college. Not only this but on top of all of this, we had to look into IVF, and since I was on save and her plan was affordable (before this administration change) we had the ability to afford it. Well that’s out of the bag now and to triple on top of that, our dog is very old and sick. It’s not like I can even ask any family for help because who can even afford this?! Even if they could afford it, it’s my fault. I did this. I really think this is it for me folks. I hope your stories turn out better.
I think I’m going to eventually just finish it all.
byu/Humble_Ad_2226 inStudentLoans
Posted by Humble_Ad_2226
10 Comments
Please reach out to someone for help and let your wife know how you are feeling. Life changes constantly. You do not know what the future may hold for you. Worst case? Flee the country. Don’t give up over this
Also, just sign up for extended graduated plans for the time being.
Call your servicer! I did the extended standard plan and my monthly is much better. I’m gonna pay more on it just so interest doesn’t add up but it’s not the end! You can always call and change your plan to better fit your income and needs! Don’t give up over something like this! Believe me, I was in a mentally bad place to but I promise it’ll be ok!
Taking your life is never the solution. Do not do this please. Your wife will never be in a better financial situation if you end your life. She actually may be in a much worse financial situation, on top of needing mental health help on the regular. What’s the worst that can happen? They garnish your wages. So be it. It is not worth ending your life over. I also have high student loans, but at this point, it is what it is. I have a baby on the way, we bought a house about 2 years ago, and I chose the student loan plan that was available at that time and made my life choices based on that. The government decided to screw us over, as expected. But why should we let them win? I just won’t pay or I will pay what I can afford. Please do not take your life over this. Please call 988 if you are still having any suicidal thoughts.
Please please talk to your wife about how you’re feeling. I’m so sorry; it’s the worst feeling in the world, not wanting to be in it anymore. I guarantee you your wife does not want a world without you in it even if it meant all of her financial woes went away.
I can’t speak to how it’ll get better, it’s a tough situation and I’m sure there are ways to cut payments down. But for the short time please, let somebody in your life know how you’re feeling. It can and will get better. Please feel free to DM me if you just need someone to talk to.
Please don’t let this take over your mindset. This student loan situation does not define your existence! You are so loved and needed here. There are so many ways around this where you can have a meaningful and happy life. Please reach out and let someone support you. We’re here for you!
Have you given a call to your loan service providers? Having your payment go up so high unexpectedly is completely unfair and from my understanding, they are supposed to help you with creating a better solution for you, especially with such a drastic change to your overall financial situation! You and your wife should call so that maybe both of you can get relief, but what you’re thinking about doing won’t have the effect you think it will for your wife who loves you very much!! I know I’m just some username in this forum to you, but there is always another way.
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Everyone who knew and loved you will spend the rest of their wondering why you couldn’t have reached out to them or given them an opportunity to lend an ear. You won’t be making it easier or better for anyone, rather you’ll be condemning them to a life sentence of horrible guilt. I have often thought about just getting a green card and getting outta here. I just looked at my student loans and I didn’t realize it but I’ve paid almost $50K in INTEREST & still owe $$$. [sigh](https://imgur.com/a/l7Ah29S#y4hxAVY)
Talk to your wife, talk to your family. Don’t make a permanent decision for a temporary problem. You’ll pull through it.
You might think in this moment you’re doing your wife a favor, but she would take out her loans twice over if it meant she could be with you.
You can figure it out, I believe in you! Read these other comments, listen to their advice. You are not the first to have this problem, nor will you be the last.
I’d rather have my husband and debt than not have my husband. Please talk to someone.