Student loan payments can't be lowered?
I heard destroying your credit is not good (not that I can afford a house or car anyway because im in the low income class) so I called my student loan companies to arrange a lower payment and was told i don't qualify for lower payments or deferment. So what would you do, pay your whole salary to sallie mae or just let the IRS garnish down the road which will be way less than actually paying...again having good credit doesn't matter to me im poor and can't afford a house or car anyway and probably never will unless i get lucky or risk my life in the black market which i won't...(or move to colombia)? Im not gonna sell more than 40 hours of my soul to a second or third job only to die of a stroke at 23, life is enough of a bitch... i know the IRS would garnish until the full amount until it is paid but at least it will only be 1/3 at a time not 3/3 of my salary like salliemae wants now... low self esteem and reality are two different things, lets be honest most poor people die poor unless u get lucky, risk ur life, if u think u got out of poverty cuz u worked hard it was just luck, some are born orphans others royalty lets be open minded hey i wish the creator...no war no poverty no diseases
Financial Aid - 3 Answers
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1 :
You get a second job.
2 :
I would make the payments, even if it means getting a second job. Credit doesn't only affect your ability to purchase a house or car. Many employers now do credit checks to see what your credit score is. They do not have to give you the option of lower payments because you should have been keeping track of what your payments would be while you were borrowing the money. However, you can defer your student loans for up to three years, if you have difficulty making the payments. Just remember that the interest is going to keep accruing during that time so you will end up owing more. Student loans are a debt that are better paid then messed with. Not only can the IRS garnish a large portion of your wages, they can also garnish any tax refunds (if you get one), and place a hold on your passport. There has been talk of placing a hold on one's drivers license if they default on the student loan. Try to speak to someone again, or meet with a financial advisor if you truly cannot make the payments. Edit - Just read your feelings on a second job... welcome to the real world! Many of us work more than 40 hours to make ends meet ~ sometimes it's what can bring you up out of poverty. You do what you have to do ~ you're an adult now and you have responsibilites!
3 :
Why do you have such a low level of self esteem you want out of poverty you can get out !!!!!!!! you hold the key to your destiny its so sad your so young and have such a bad out look on life owing a loan ant the worst case scenario
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