Overwhelming Debt From Student Loans - Best Approach?

I've just graduated from grad school, and as you can imagine have overwhelming debt surrounding my 8 years of college. Anyone have some suggestions for how to go about reducing/eliminating without filing bankruptcy?

Even if you wanted to file bankruptcy, it would be difficult to qualify for student loans anyway.  How far behind are you on your payments?  Are your loans federally secured or private?

 

we have the same problem! but i suppose the difference is that you are employed.

It is understandable that you wouldn't want to disclose your real financial status in the threads--did you know you can speak with a debt consultant instead? It's free and private, just fill out one of the yellow orange forms that you see around.

Anyway, I just read this example, and it might apply to your case: supposing that you have a $19,000 debt on student loans and you are looking at ten years to repay it. It would require you a monthly payment of about $220 on an annual salary of about $26,400 (about 10% of your gross income).

hey friend i need a student post i want to study more but i don't have enough  money to study.i don't know how to get a student loan so please help me.

Hi there, 
A college student myself, I totally understand your situation. It definitely takes careful planning and hardwork for us to pay back all our educational expenses. It becomes even tougher as the economy is not looking good now. I have been doing some research on student debt, and I came across this Wells Fargo Backstage Site: backstage.wellsfargo.com   I found it to be very comprehensive in terms of the information on student loans, credit and money management. Their online tutorial is very user-friendly, and easy to understand ..and hopefully implement! I've recommended this site to many of my friends, and I think you'll find it quite helpful for how to rework your finances post grad school. 

Good Luck!
Lin

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