I was a non-traditional student returning to college as an older adult, wife and mother. I was not working at the time I went back to school but knew I had to return and finish my education. My first student loan was taken out in October 2009 and my last loan was taken in August 2013. I worked off and on throughout school but was mostly a full-time student.
I managed to make it through most of my undergrad with scholarships, but then had to turn to student loans due to an inability to work full-time, attend school, take care of my family and pay for school and school expenses.
My degree doesn't offer many opportunities without a master's degree, so I knew it was something that I needed to complete. Now I don't know how I will pay back my loans because my salary only increased to $35000. My loan debt is $61,565. It hasn't folded out exactly as I had imagined. I need help.
As a single mother, it took me 12 years attending evening and online classes to complete my BSW degree while raising my two children.
I graduated in 2010, with a total debt of $48,000. I have managed to pay this down to $27,000, but since I consolidated my loans a few years ago I am not eligible for PAYE. I also am not eligible for loan forgiveness on this debt unless I first pursue a higher MSW or LCSW degree.
I am looking into the possibility of a distance education program, but as the primary caregiver for my elderly mother in a very rural community, I am place-bound and limited. At the moment I am focusing on paying my current loans down and getting my two children, now ages 21 and 23, through college without having them face overwhelming debt as well.
Maritza, New York
I took out a student loan in Fall 2012 through summer 2013 from Hunter College. My debt is $44,000.
I am experiencing hardships at the present moment. I am a single parent with four children, three of whom are presently in college. My income is just enough to support my family, if that. I would be delighted if anything can be done to make these loan payments make sense, and allow me not to live check by check.