Turn Financial Aid Challenges into Student Opportunities
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Turn Financial Aid Challenges into Student Opportunities

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Some OF The Loans We Offer PERSONAL LOANS Unsecured Personal Loan – Supreme Advances can help make your dreams a reality with an unsecured personal loan. Whether your plans include a vacation, a major purchase, school or consolidating your bills into one, simple monthly payment – we can…

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Suze explains how student loan crisis is looming as the next big thing. She says the real estate implosion and banking crisis including the credit crunch have not yet been dealt with well. She implores Congress to head this one off at the pass as our young people are being saddled with compounding interest at such a rate that very quickly the loans become insurmountable. The show took place on 1/24/09.

Question by asicsrocks2120: Can you help me with my student loan payments?
I seem to have 3 payments coming up
Jan 22
Feb 14
April 04

Now I dnt mind paying them back , But the interest rates are way High . I dn’t know what was going on , because i don’t know how to put this , but I was going thru a rough time during college. I had no friends , no social life and isolated. I was going through depression . Good thing I found out a year ago what had happened to me , So now I am trying to get my life straight starting with my credit/a job/ moving out and finally being debt free and following my intuitions.

The student loan thing doesn’t seem to be helping much in my “being free” idea , because I called every one of these corporations ( Citi bank , Sallie Mae , and my federal loan consolidation company )
On average I would have to pay for 15-25 years before all this debt is being paid off. Do you have a similar situation or is mine really unique . I am trying to get a clearer picture because
most of my papers and applications were filled out by my parents_
and brother , which I hated , because they controlled my life , I was clueless of what was going on which now I am trying to get out of..

Best answer:

Answer by Working Class Hero
Your situation is anything but unique. I’m paying on my daughter’s student loan right now until she finishes school. I’m only paying the interest on it…and even that is costing me 220.00/a month. When she graduates, she’ll take over the payments, which will probably double because the interest will be included from that point on. Her boyfriend is paying off 0,000 in student loans because he went to law school….I don’t even want to tell you how much some of doctors I work with had to pay back…with interest!!

It’s a sad, unfortunate fact of life if you want a college education.

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