Delinquent student loans surge in Q3 |

Posted byMessage
Kennesaw St. Fan
Member since Dec 2010
2104 posts

re: Delinquent student loans surge in Q3

I admit I have defaulted on 2 loans, but my monthly payments combined is $1800 a month.

I only make about $45k a year combined on my 2 jobs, plus helpng my buddy with Christmas lights so making money on the side with that too.

Even at $45k a year you can not spend $1800 a month on student loans, its impossible.

I took the Dave Ramsey Financial Peace course, and there I learned to pay the "four walls" first, your housing/food/clothing/gas, and then whatever you have leftover to put toward your debt. I don't have enough leftover after my necessities to pay for the $550 and $700 a month payments, so I had to default.

But I am not going hungry or going homeless to pay a student loan. That goes against Dave Ramsey's "You pay yourself first" principle.

However, I am not on my knees looking for the government to bail me out. I signed the dotted line, picked a shitty major, and I am responsible and no one else. And I have intention to pay it back. Not having intention to pay it back is stealing. I am just trying to work my way up so I can pay them all. I am still paying the loans I can afford.

I am about to go back to graduate school as a grad assistant, so I can put my loans on deferment and not incur any more education costs.

Back to top
Member since Nov 2011
1046 posts

re: Delinquent student loans surge in Q3

If only more had this type of attitude we could possibly dig ourselves out of this mess.

Back to top
  Replies (0)

Back to top