Don’t Let This Happen to You:
“By all accounts, I should be living well right now. However, due to my personal loans, I pay more to the loan company than I do for rent. I recently had to move back in with my parents in order to cover my loans and attempt to save money.” – Laura, Portland
“I currently owe approximately $25,000 in undergraduate student loans to Sallie Mae. Since graduating in 1994, it is absolutely unbelievable that I could still have outstanding loans after 15 years. I have excellent credit by paying my debt, but this is one monster that no matter how hard I pay, it will not go away due to the high interest rate.” -Janee, Huguenot
“I am a 25-year-old teacher beginning my third year of teaching. To pay for college I took out both private student loans as well as federal student loans. Unfortunately I grossly underestimated the impact these loans would have on my career, my family life and my ability to pay my own way. I currently make $34,000 a year and have a student loan debt of $70,000. My net income after taxes is $1800 and my student loan is $650 a month. HELP!” – Jessica, Phoenix
Stories courtesy of the Institute for College Access and Success.