Oh, just another Sallie Mae problem!

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I am 22 years old working as an administrative assistant. My salary is about $2000 a month (after taxes) and I am currently paying $1500 in school loans. They are private, therefore I have the door slammed in my face everytime I reach out to Sallie Mae for assistance. I am not opposed to filing bankruptcy but believe that is not a possibility with all loans now protected. I really feel cornered and would love to work out a plan but again, nobody has been working with me here.

Bankruptcy wont do anything ....your loans are non dischargable.

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I was the first in my family to attend college so I was not aware of how financial aid worked and just took loans in full although my dad makes $40k a year and my mom is unemployed. Many of my loans are 10-11% interest.

Ok...if you were buying a new car, would you not ask what the payments were going to be or do you wait for the payment book to arrive???? You were smart enough to attend college yet you didnt ask what your payments were going to be?? What type of school did you attend? Do you have any federal aid?

Private Loans do not have to offer you hardship or work with you. This is the nature of this type of loan. The function like student loans while you are in school but once the payments become due, they are just like any other consumer debt. What you need to do now is increase your income...,if that means working a second job to avoid defaulting, that is what you will need to do. Defaulting and being sued on these loans are not pretty.

Did your parents cosign for any of these loans?