My SO and I have $130k between us and if we get the IBR figured out, it might bring our total payment down to about $1200/mo which is not something we can afford. I’ve been laid off since Christmas and just started a job, so we’re $20k in the hole and haven’t been able to pay anything. Now I see my credit is taking hits. That hurts but again, no money. Oh well what’s 7 years.
Believe me I understand that we were sold a promise and the last 5 administrations did fuck all to ensure the economy was in a good place for us to reap the benefits. It sucks that there’s so many people like you in the same situation.
My SO and I have $130k between us and if we get the IBR figured out, it might bring our total payment down to about $1200/mo which is not something we can afford. I’ve been laid off since Christmas and just started a job, so we’re $20k in the hole and haven’t been able to pay anything. Now I see my credit is taking hits. That hurts but again, no money. Oh well what’s 7 years.
Believe me I understand that we were sold a promise and the last 5 administrations did fuck all to ensure the economy was in a good place for us to reap the benefits. It sucks that there’s so many people like you in the same situation.
Look into the federal consolidation loans and the income driven repayment. Bankruptcy doesn’t get you out of student loans.