Reply to I owe $125,000 in private student loans to one institution. How to get them to settle?

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Reply to "I owe $125,000 in private student loans to one institution. How to get them to settle?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So anyone who has private loans that they can't pay, they have to chose between paying their student loan vs. shelter, food on the table, clothing for their kid, or otherwise wages are garnished. It's insane! And they won't make a deal to lower the payments, and I've already maxed out my (2 year) graduated repayment plan and forbearance periods. I'm totally screwed. I would have been better off getting a minimum wage job and living off the stupid government.[/quote]

No, life is about choices.  [b]You go to a more affordable school, you find an employer who will help with tuition assistance, etc.  When you took the loans, you know you will have to pay them back[/b].  That is what a loan is about.[/quote]

This exactly. I do not understand the people who are angry they have loans to repay? A person has a right to despise the money they owe of course but how can you be angry or surprised when it is time to pay back what you knowingly borrowed. Also, why should they make a deal to lower the payments? If you were the one lending out the money wouldn't you want all of it paid back? I do not understand these people![/quote]

Exactly! And how do you spend $125k on two years of private college? At least that's the way I read her description. I graduated with a ton of debt but I lived frugally and paid it all off early! [/quote]

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