Saturday, July 16, 2011
How can I repay or eliminate my student loan?
How can I lower or eliminate my student loan? My yearly salary is half what my loan amount is...and when I have to go into forbearance or a deferment, the interest piles up...I owe almost 60K and I make barely 32K as a teacher. I do not qualify for any of their economic hardship programs despite my husband being unemployed for almost 2 years. As a teacher, you would think I would qualify for some type of repayment program, but I don't. Tempted to quit teaching and find a job that will at least support my family and repay this astronomical loan. I do not want to not pay back my loan, but it is getting out of control.
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