Help Paying Back Student Loans?

What can happen to me if I cannot pay all my students loans off at one time? I did not find a job after college and I am looking everyday. I babysit and I am paying on two loans now and my mother is paying on one for me and my aunt is paying on one for me.


My dad passed away without any notice in 2006 and my mother and I just can't take all that has happened to us. We are trying to pay as much as we can on the loans, but I keep getting calls and they are demanding more that I just don't have. I am so scared that we will lose our home if I can't pay them all back at once. My question is: I am paying as much as I can and is there any help out there for people like me with the same problem?

By Kimberly

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February 1, 20120 found this helpful

If you don't pay on your student loans, they can garnish up to 15% of your wages, take your income tax refunds and take a portion of some social security benefits, but they can NOT take your house, so please stop worrying about that. What you can do is apply for a forbearance. This is a link to a government site that will give you the information you need about forbearances:

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February 1, 20120 found this helpful

I have not been able to pay mine, and they have never done anything to me but threaten. There have been times when I made a little more than needed to live on, have never been garnished, audited, or had my current SSD taken away. If you can find an attorney who will see you for 30 minutes for free, you can find out for real.


In 2001, 9 years after I graduated, I was offered a payment plan of just 275.00 (more than half my net income besides room and board), and at that rate, it would have taken me till I was 82 to pay it off.

But this sites will help.

One of the things I tried was to get the loan forgiven because I was disabled. They offered to cancel every penny...if I could get a doctor to say I was so severely disabled that I couldn't work at anything, which included picking up a phone. The irony was they called me about every other day which means I can pick up a phone. They set me up to fail knowing that it wouldn't work.

I wish you well. I also know that so many loans and the horror stories that go with them have made my grandson decide to not go to college.

Good luck.

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