I spent 4 yrs in college and have loans in excess of $60,000. I have a sub par job that barely pays my bills. I dont know what to do. If I didnt have my daughter I would let them arrest me. I really dont know what to do now. im single parent
I am in default for 3 student loans totaling about 20,000
I was summoned to court but one lender is sueing me for the whoe 10,000
I am behind in car note
daughters school behind
barely can make ends meet. Its tough on me and so fustrated now. If I never went to college I would have the same job with less bills and harrassing phone calls. I am so fed up and dont know what to do
I am considering bankruptcy but that cost money and I dont think that I can afford it/
any help would be appreciated
Asked by Anonymous at 8:00 PM on Jun. 7, 2011 in Money & Work
Answer by emmyandlisa at 8:04 PM on Jun. 7, 2011
Answer by attap5 at 8:04 PM on Jun. 7, 2011
There is some useful info in the link below. Get a one time free consultation with a bankruptcy lawyer. Most will do one. There are not too many circumstances where you can get out of the loans. I agree that college has to be considered more carefully today. There are many jobs that you can not get without a degree, but also many where a degree is not always needed. Technical training can go just as far for some professions. Kids and parents need to look into this more closely now with college fees going throught h roof. GL
Answer by whitepeppers at 8:11 PM on Jun. 7, 2011
Answer by happymama02 at 8:12 PM on Jun. 7, 2011
Answer by missanc at 8:15 PM on Jun. 7, 2011
Sorry you are in a bind... but college isn't a scam for everyone!
For me I am making 3.5x more/hour after college.
Without college = retail management... with college = allied health-care professional.
As happymama02 says... it's what you get a degree in that matters.
Answer by Crafty26 at 8:18 PM on Jun. 7, 2011
Answer by layh41407 at 8:21 PM on Jun. 7, 2011
Answer by Mel30248 at 8:22 PM on Jun. 7, 2011
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