I am 48 years old and I am not in a high paying job. Several years
ago, I went to school. Went to work, but when the bills came in
from the bank to pay off student loans. They said that the student
loans, all together, added up to over 500.00 a month. I was not
making that kind of money. The first three years of work, I didn't
get over 22,000.00 per year. Now, understand this was on student
loans that were not even over 18,000 total. After the loans went
into default, I found out that I could of consolidated them. Bank
didn't mention that. Once the loans defaulted, the Bank got their
money. Texas Guarantee Student Loans then decided to garnish my
wages (15%). That is ok. But it has been 15yrs and several years of
not working (health reasons), I have paid over 36,000.00 dollars
and they say i still owe almost 40,000.00. This is a hardship. It
is said that a judge could abolish this loan if it will be a long
term hardship. I figured that I will have paid over 150,000.00 and
still owe over 200,000.00 by the time I retire. I could use that
money. Can anybody help? At this point, I don't make much money and
my spouse has been disabled for 20 yrs. This is a hardship. The
food stamp office said we make 60.00 over their limit to get food
stamps. That was 2 yrs ago. i got a 0.33 cent raise since then.
wow. They don"t consider the over 250.00 that student loan takes. I
would be under that limit. Please help.
