Loan Through AES

If your monthly payment is higher than $50 per month and you send in $50, your account will be past due. You will default in 9 months.

what if i cant afford the 400.00 a month payments and they wont come down?

Is it a private or federal loan? If its a federal loan you may be able to apply for income sensitive payments. If they're private loans your options are very limited.

AES does have a deferment/forebearance program but it's only for a short time up to a maximum of one year.

They also have a program where for one year you pay 50% principal & 50% interest payments, then second year interest only payments. After that payments are back to normal.

Sorry but those are your only options. You're going to have to try one of those or find a way to increase your income. I pay $700 a month to AES and barely get by but I'm doing it.

This is a bunch of ****. the government taxes my income and wants all this money, i cant live this way! i cant increase my pay, NO ONE CAREs THAT I HAVE A DEGREE IN BUSINESS. BBA. I had to goto truck driving school so that i could get a better wage than working at a shop or where ever. i work 50 hours now, how much more should i work. People should not have to work 7 days a week.

not to be harsh, but you signed the promissory note, you knew what you were getting into by taking out private loans.

There are numerous ways to increase your income or cut expenses. Check out the other forum for tips.

Higher education is not an entitlement and a degree is not necessarily going to get you a good job. Like any other borrowing, student loans come with responsibilities.