Debt: $120,000+
Source: Student Loans
Estimated Years Until Debt-free: Unknown
I graduated from grad school in 2008, the year of the global financial crisis. Known for punctuality, Sallie Mae, congratulated me on my graduation and recent engagement with a letter informing me that my monthly payment of nearly $900 would be due just in time for the holidays.
I grieved over the thought of making these payments. Then I acknowledged the immensity of my debt, wiped my tears and sent our wedding guests the equivalent of a breakup text: wedding cancelled. No explanation, no sign of change, no happily ever after. Just cancelled.
Wanting desperately to relieve myself of debt as quickly as possible, I scheduled automatic loan payments. I …
Read the full article at: https://www.theguardian.com/commentisfree/2016/nov/14/loan-forgiveness-debt-restructing-program-problems