Submitted by doesn't help me (not verified) on July 18, 2009 - 11:13pm.
Doesn't help me. My private student loans are now up to over 200k (yes, 200k) and I am out of deferment and forbearance options with Sallie Mae and AES, both who refuse to work with me. My payments for my private loans are well over $1700 a month. I have a baby and no job right now, but the collects for my private loans are relentless, making threats and refusing to help me with forebearance options. The credit card companies are more willing to work with me that the studet loan companies. I would claim bankruptcy, but since I have over 300k in "unsecured" debt I cannot file chapter 13 AND I cannot fle chapter 7 because due to my husband's income, we are over the median income (not by much) and od not pass the means test...so we cannot file bankruptcy at all (you would think that everyone has the right to claim bankruptcy if in financial straights, but we cannot because our student loand debt is too high making us inelligible for chapter 13). We do not know what to do and are thinking about leaving the country just to escape our student loan debt.
Doesn't help me. My private
Doesn't help me. My private student loans are now up to over 200k (yes, 200k) and I am out of deferment and forbearance options with Sallie Mae and AES, both who refuse to work with me. My payments for my private loans are well over $1700 a month. I have a baby and no job right now, but the collects for my private loans are relentless, making threats and refusing to help me with forebearance options. The credit card companies are more willing to work with me that the studet loan companies. I would claim bankruptcy, but since I have over 300k in "unsecured" debt I cannot file chapter 13 AND I cannot fle chapter 7 because due to my husband's income, we are over the median income (not by much) and od not pass the means test...so we cannot file bankruptcy at all (you would think that everyone has the right to claim bankruptcy if in financial straights, but we cannot because our student loand debt is too high making us inelligible for chapter 13). We do not know what to do and are thinking about leaving the country just to escape our student loan debt.