I can hardly afford groceries

[Trisha18]

I went to school in 2004 for psychology and mistakenly took a good portion of my loans our with SallieMae and some other loans with smaller companies. While I was in school, SallieMae bought out all of my other loans without my knowledge or consent. When I broached this subject all I got was "we can do that." That is all fine and dandy but because of that my interest rate skyrocketed and I now have over $27,000 in interest alone (not to mention my actually loan amount). I have attempted to apply for every assistance possible only to be told no with no explanation. Its now 6 years later and my monthly loan amount is over $700 and I work in human services so thats near impossible for me. I have called and attempted to speak to everyone and anyone and try and set something up and I have been yelled at, hung up on and basically been told to pay or they will report me. When I went to college, I had fantastic credit and now I can't even get a bank to assist me by giving me a private loan to help pay down salliemae. No one will consolidate and I am basically screwed in the worst way. There are some weeks, I can hardly afford groceries because I am just trying to scratch by. arggg

[Gadfly]

Trisha, your story is understood here as well as what you are going through. With enough people becoming aware of the issues, at some point the government will get involved. Lets hope that when that happens....it's not to late for us. I believe the biggest victory for the student borrower would be if standard consumer protections were returned to us. Continue to carry on.....

[mikehext]

I feel your pain. Sallie mae garnishes my wages and leaves me with $20 that has to last 2 weeks. They take at least $270 monthly and ill never see the end unless I quit my job and leave the country.
I am always left with a choice of food or gas. This time I chose both but my car insurance might get mad. This isn't fair. I just wanted to improve my future.

They need to restore bankruptcy protection to stop these predators.