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Posted in Student Loans
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Nikkij0250

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Help 70000 in student loans
What can I do?

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You may have a couple of options, but overall not a lot you could do to eliminate it besides paying it. In rare cases you can get Federal school loans applied in bankruptcy, but it is rare, do some reading on it though. There are programs out there, such as income based payment plans and such. I am assuming these are Federal loans. This is happening to so many people, the cost of education is totally insane and the jobs available are not paying what they should and that is if you can find a job that you went to school for. I suggest starting an online blog to warn people of this situation, explain what happened to you. These schools need to lower their fees. There is no reason why an education should cost so much unless something really specialized with some really expensive equipment is needed to educate. I get so upset about this situation. Some folks think that the taxpayers should pay for "free college", I say that the colleges should lower their cost. Ok rant over. Do some reading on the programs available for student loans.

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