Student Loan Defaulters ONLY

Anyone defaulted. If so please share your experience.
I have not, although I've come close. I have found they will really will work with you if you make any effort at all. I'm sure you are aware your nursing license will be disciplined if you default on a student loan.

..... and some institutions frown upon it..... it is a ? on some job applications..... so work with them

Student loans don't go away. Even if you file for bankruptcy, you will still have to repay the student loan.

My husband just applies for a forbearance and he gets approved everytime. You should try getting a forebearance.

are they government loans? if so, there are so many options for forbearance due to financial hardship. also, if you are taking just 6 credits of school, you can defer your student loan payments. if you can take a few courses, maybe you can both advance your job skills and postpone your student loans until things are better.

you only get so many months of deferment and forbearance....try to work on paying them if you can. talk with your lender

Quote from HorseshoeStudent loans don't go away. Even if you file for bankruptcy, you will still have to repay the student loan.

It is not just student loan defaults that will get you fired at our hospital--it is any default where they try to garnish. This why I cringe when I see new grads pull up in their brand new shiny cars. What they forget is that we get called off all the time. Then when they can't pay the bill the lender comes calling at the hospital. Strike 2 on a garnish and you are out. Nurses are expected to be looked up to and with that responsibility comes paying ALL bills on time. We have already been warned on student loan defaults. That is why you will see me driving my 1991 honda.

Quote from locolorenzo22you only get so many months of deferment and forbearance....try to work on paying them if you can. talk with your lender

I recently read a news story about a family practice MD who incurred roughly $200,000 in med school loans. Not an unreasonable amount, as I understand it, for med school.She defaulted multiple times, ignored collection notices and now owes some astronomical amount that I can't remember. Between collection fees accrued every time she missed payments and accumulated interest, her amount due multiplied many times over. What I mainly remember is that her restructured repayment plan will continue until she's age 96.

Thanks, I have done forbearance and deferrment with Sallie Mae. I just sent them 400.00 which is all I had. I only work PRN because FT will cost me $ and if I work to many hours, my children will lose their state insurance. I reapplied to grad school and was denied admission. I know my credit will be ruined but at this point, it already is. What little money I have goes to groceries diapers etc. I have no insurance to pay yet I need a stress echo next week.

This makes me mad. I'm sorry, I don't know your situation, but you only work PRN because if you work full time your kids will lose their insurance. So basically we pay for it. Step up, work full time, and take your hospital's insurance. This is why our country is broke.