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Debt Destroy

Overwhelming Debt From Student Loans - Best Approach?


xbadf1shx Rep Points:
Posted on June 22, 2009 at 8:22 pm
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?

Debt_Guru Rep Points:
moderator
Posted on June 22, 2009 at 8:41 pm
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?  
Posted on June 30, 2009 at 1:38 am
we have the same problem! but i suppose the difference is that you are employed.

foolishgames Rep Points:
Posted on June 30, 2009 at 5:23 am
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).

ashwin Rep Points:
Posted on July 2, 2009 at 7:02 pm
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.

1casio Rep Points:
Posted on February 11, 2010 at 2:35 am
Speaking of overwhelming debt because of student loans, here's an article that talks about it- http://www.nytimes.com/2008/08/24/business/24loans.html
Posted on February 22, 2010 at 4:20 pm
go here for legit help:www.managemystudentloans.com