fuck you, world
Okay, so. Here's the dealio, guys. It turns out that private student loans are even more of a bitch than I thought they were and I wish I had known then what I know now. My life would have taken a drastically different direction, I'm sure, but at least I wouldn't be in this damn mess.
I was under the impression that I would be able to make minimum monthly payments of $50 and not be penalized for this. I called to ask a few days ago and it was confirmed by the lady on the phone. Now, either she was under the assumption that I was talking about federal loans, or she was just flat-out lying to me, because... it isn't true. At all. I have to pay out the balance in full every month. $527 a month, every month, for ten years.
My first full payment was due on the first of this month, and I saw that the site said I was two days delinquent on my loan. What a great thing to wake up to in the morning, right? So, I called Sallie Mae and they put my loans on forbearance so my account was no longer delinquent, and I've got until March 1st to figure this all out. (this doesn't apply to my federal loans, but those are completely manageable so I am not worried about that at this time) I also can't get the payments lowered until the forbearance is over, which is a month before I have to start paying again.
I seriously have no fucking idea what to do here. I am getting completely screwed over by this, and I think I'm going to have to take out a second job of some kind, and the thought of it is making me want to scream. I looked it up and pretty much all of the loan forgiveness stuff does not apply to private loans, or it doesn't help me enough with it that it would be worth it to do it at all (like the Peace Corps and all that other stuff you guys suggested last time, including the military -- and the only way in HELL would I ever join the military is if they paid off my loans for me in full, immediately). But what the fuck kind of second job would I be able to get? I'm just lucky that, right now, I'm living rent-free with my parents and I'm not trying to support anyone. What the hell is going to happen to me if I ever live on my own or decide to have a family, and I do not become instantly rich by marrying a wealthy but lonely businessman? I cannot file for bankruptcy with a private loan, thanks to a bill passed several years ago that forbids it and allows the loan companies to do whatever the fuck they want to you with no consequences.
They really really REAAALLLYYY need to talk about this sort of shit more in high school. I was not told any of this stuff could happen to me. All I was told was not to worry about the money. NOT WORRY ABOUT THE MONEY??? aaaaggh fuck you public education.
I hate that I'm being so severely punished for making a feeble attempt to follow my dreams. It's not right and it's not fair.
I was under the impression that I would be able to make minimum monthly payments of $50 and not be penalized for this. I called to ask a few days ago and it was confirmed by the lady on the phone. Now, either she was under the assumption that I was talking about federal loans, or she was just flat-out lying to me, because... it isn't true. At all. I have to pay out the balance in full every month. $527 a month, every month, for ten years.
My first full payment was due on the first of this month, and I saw that the site said I was two days delinquent on my loan. What a great thing to wake up to in the morning, right? So, I called Sallie Mae and they put my loans on forbearance so my account was no longer delinquent, and I've got until March 1st to figure this all out. (this doesn't apply to my federal loans, but those are completely manageable so I am not worried about that at this time) I also can't get the payments lowered until the forbearance is over, which is a month before I have to start paying again.
I seriously have no fucking idea what to do here. I am getting completely screwed over by this, and I think I'm going to have to take out a second job of some kind, and the thought of it is making me want to scream. I looked it up and pretty much all of the loan forgiveness stuff does not apply to private loans, or it doesn't help me enough with it that it would be worth it to do it at all (like the Peace Corps and all that other stuff you guys suggested last time, including the military -- and the only way in HELL would I ever join the military is if they paid off my loans for me in full, immediately). But what the fuck kind of second job would I be able to get? I'm just lucky that, right now, I'm living rent-free with my parents and I'm not trying to support anyone. What the hell is going to happen to me if I ever live on my own or decide to have a family, and I do not become instantly rich by marrying a wealthy but lonely businessman? I cannot file for bankruptcy with a private loan, thanks to a bill passed several years ago that forbids it and allows the loan companies to do whatever the fuck they want to you with no consequences.
They really really REAAALLLYYY need to talk about this sort of shit more in high school. I was not told any of this stuff could happen to me. All I was told was not to worry about the money. NOT WORRY ABOUT THE MONEY??? aaaaggh fuck you public education.
I hate that I'm being so severely punished for making a feeble attempt to follow my dreams. It's not right and it's not fair.