Student loan question

[inpain66]

I know there is a forum for Student loans but I wanted to post it here...


I make 37k a year at a job that only gives tiny raises every year...I am a public servant.

My student loans are 43k

Isn't this a hardship? How will I ever be able to pay them back on my low salary?

My student loans are part of the reason I became bankrupt.

Does anyone know anything about discharging student loans?

The trustee wrote on pacer the amount of debt I am abandoning and the student loan amount has been added in. Does that mean anything?

[fltoo]

Google "student loan hardship." It has to be a severe case of hardship, like disability, to qualify. The research will tell you what a hardship is and how you can apply.

[inpain66]

Google "student loan hardship." It has to be a severe case of hardship, like disability, to qualify. The research will tell you what a hardship is and how you can apply.

Bummer. My gross income is less than my student loans alone!

Even with the chapter 7 I am always going to be poor then

[StartingOver08]

Are you a teacher by chance? Or if you are not a teacher there are other options.

I'm sure you have checked out the Student Loan Forgiveness options here:

http://studentaid.ed.gov/PORTALSWebApp/students/english/teachercancel.jsp

Or try this:
Circumstances for Federal Student Loan Forgiveness / Cancellation
Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called "loan forgiveness". To qualify, you must:

Perform volunteer work;
Perform military service;
Teach or practice medicine in certain types of communities; or,
Meet other criteria specified by the forgiveness program.

http://www.staffordloan.com/repayment/federal-student-loan-forgiveness.php

Or you could try selling real estate part time in addition to your regular job. Sell one home a month and you could have that debt wiped out in no time.

[inpain66]

Are you a teacher by chance? Or if you are not a teacher there are other options.

I'm sure you have checked out the Student Loan Forgiveness options here:

http://studentaid.ed.gov/PORTALSWebApp/students/english/teachercancel.jsp

Or try this:
Circumstances for Federal Student Loan Forgiveness / Cancellation
Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called "loan forgiveness". To qualify, you must:

Perform volunteer work;
Perform military service;
Teach or practice medicine in certain types of communities; or,
Meet other criteria specified by the forgiveness program.

http://www.staffordloan.com/repayment/federal-student-loan-forgiveness.php

Or you could try selling real estate part time in addition to your regular job. Sell one home a month and you could have that debt wiped out in no time.

I have studies the forgiveness programs and I do not qualify for any. Most are a joke anyhow.
Public service loan forgiveness program is a great example: You have to be on a 10 yr repayment plan to qualify and not miss any payments over the 10 yrs. After the 10 yrs the balance is forgiven however the balance is zero after 10 yrs.

I would love to sell homes for money but would not have the money for the real estate classes.

[fltoo]

SO, I am in shock at your suggestion, LOL.

Selling RE is not a part time job and should be a full time, professional career for those considering it. That is why real estate agents have such a bad name. The bad market weeded out a lot of not so experienced agents, and as Martha Stewart says, that's a good thing.

You, of all people, should know that! (I assume you are full time career person. Just ignore my rant if I am wrong.) I will still think you are one smart cookie.

[StartingOver08]

SO, I am in shock at your suggestion, LOL.

Selling RE is not a part time job and should be a full time, professional career for those considering it. That is why real estate agents have such a bad name. The bad market weeded out a lot of not so experienced agents, and as Martha Stewart says, that's a good thing.

You, of all people, should know that! (I assume you are full time career person. Just ignore my rant if I am wrong.) I will still think you are one smart cookie.

Yes, full time career - 30 yrs.

[fltoo]

Then you have seen it all, especially the part timers coming and going.

[keepmine]

inpain,

You got only one choice and that's to raise your income.
See if you can land a weekend job and dedicate those earning for the 5 or more years to paying down the student loans. If you can bring in another $4k a year or so for 5 years you should have them under control.
Nobody should stay poor forever.

[inpain66]

inpain,

You got only one choice and that's to raise your income.
See if you can land a weekend job and dedicate those earning for the 5 or more years to paying down the student loans. If you can bring in another $4k a year or so for 5 years you should have them under control.
Nobody should stay poor forever.

I was working pt jobs before filing just to survive. It is so hard working two jobs ..I just do not know if I can go back to that.

I will figure something out