student loan nightmare
Date: Sat, 10/08/2011 - 10:44
I have $44,000 in student loan debt and just recently went into default but I sent a payment. Unfortunately, I only make about $1500 a month and could pay about $100 to $150 a month. I have heard they may work out a "reasonable" payment plan to get me out of default but what is reasonable to them? I cant afford $500 or $600 a month and I am worried they will take every penny I have and then some until the loan is paid in full. I am nervous to call them and have them tell me they need unreasonably large payments or they will garnish my wages and take my tax refund and attach my bank account. Please can someone put my mind at ease.
