Forgive my student loan!

My husband and I are both about to graduate from college in like two weeks! Neither of us could get a job all throughout school and we do not have jobs lined up after we get out of school. We both went into demanding career fields, Automotives for me and Electronics Engineering for him. We went to a community college, I have no family to speak of and his family can't afford to help us due to his sister's mistakes. I am on welfare, I have medicaid, foodstamps, pell grants, and daycare assistance. We together have racked up $18,500 in debt. We have six months after we graduate to find jobs before we have to pay back our student loans. I came from a very poor, horrible childhood where I raised two kids while I was still a kid myself. He came from a broken home and a difficult childhood also. We have worked damn hard and very lived poorly throughout school, which yes our student loans and our pell grants paid for our 3 bedroom housing (which we had gotten with a roommate who is now gone), vehicle ($900 + gas and parts), books, school supplies and tuition.

DO I THINK MY LOANS SHOULD HAVE TO BE PAID BACK.

HELL NO!

I would rather somebody give my husband and I jobs but if that can't happen then yeah I would like them to at least be put on hold till I can get a job but if that can't happen and it won't (money grubbing companies) then I guess my only option is to have them forgiven.

P.S. Before you say that we haven't gotten jobs because we haven't worked hard enough to find one ( I check into monster.com and indeed.com everyday, I apply and so does my husband to every job we are qualified for including ones where I would have been qualified for in high school) it is because we are losing out to older people with experience and degrees and a bi-polar teacher who can not make up his mind whether I work my a** off or whether I let all the guys do work for me. So I don't want to hear that this is my fault or that I didn't work hard enough you don't know my situation so don't pretend you do.


RANT OVER!

So what?

I had a horrible impoverished childhood, took on $60,000 in loans as a single parent of one, didn't have a job upon graduation and GASP!! I didn't whine and complain and play the victim. I did what I needed to do because failure was not an option. I'm six years into the 10 year repayment period and have not missed a payment nor have I expected someone else to pay it for me.

You are failing to see the point. This isn't about people whining, complaining and playing the victim... It's about the fact that people having trouble finding a job after college is a wide spread problem.. and if it doesn't get better there will be more issues that stem from it. (and so you don't yell at me.. I'm not for this bill... I am, however, strongly in favor of dramatic education reform)

I get the point. But the poster I quoted IS playing the victim. Please read my 1st post again where I stated there is NO guarantee of a job after college regardless of the economy. Also I believe the economy fell apart in 2008, 4 years ago, when most of these people would have been just starting college, so the lack of prospects shouldn't come as any surprise.

There are far too many generalization in this thread about people who borrow money. Mortgages and defaulting on them are not as simple as earlier posts have made them out to be. A LOT of people have lost their jobs in the past decade. Companies and governments have downsized their workforce...people lost incomes ....
And the jobs left the country for the developing world (which no one ever seems to talk about)
So people (like my mom) started out with a manageable mortgage and student loan payment and all of a sudden found themselves royally screwed. I come for a very hard working family...that has never made a dime in their entire lives. How is that fair?
I myself worked through HS and during my undergrad...and went to a state school with super low tuition....still ended up with way too much in loans. Joined the Peace Corps....got screwed on perkins loan forgiveness and came home to an extremely changed economy (thanks Bush).
Even with non-competitive eligibility for gov't jobs I put in somewhere around 200 applications for jobs all over the country and ended up with a mere 3 interviews...I drove Miami to New Jersey for interviews in hopes of finding a job....nada!
So for a year I worked 2 part time jobs, neither well paid, averaging around 60 hours per week with almost no days off and didn't even make enough to get an apartment of my own.

THIS is the economy we recent grads have been dealing with.
Don't tell me I don't work hard enough because I'm not currently paying off my loans.

I am currently finishing a masters program (which racked up a whole lot more debt) and really hoping I can find work (ANYWHERE in the world....not picky) that will let me pay off my loans.

I don't take issue with paying back my loans...but there should be better caps on percentage of your income that you're paying and percentage rate. Work with us people!

All student loans have a form you fill out if the payment is too high and they work it out to a payment according to your income and rent. And how can you not afford rent? I work s a full time job and a part time job to pay rent, student loans, etc on my own for 6yrs. They will work with you if you look into stuff. And sometimes you need to take what you can get with jobs. There is no way that you only got 3 interviews. I live in NJ and there are a TON of jobs up here that pay way more than min wage and it is affordable to live.

My husband and I are both about to graduate from college in like two weeks! Neither of us could get a job all throughout school and we do not have jobs lined up after we get out of school. We both went into demanding career fields, Automotives for me and Electronics Engineering for him. We went to a community college, I have no family to speak of and his family can't afford to help us due to his sister's mistakes. I am on welfare, I have medicaid, foodstamps, pell grants, and daycare assistance. We together have racked up $18,500 in debt. We have six months after we graduate to find jobs before we have to pay back our student loans. I came from a very poor, horrible childhood where I raised two kids while I was still a kid myself. He came from a broken home and a difficult childhood also. We have worked damn hard and very lived poorly throughout school, which yes our student loans and our pell grants paid for our 3 bedroom housing (which we had gotten with a roommate who is now gone), vehicle ($900 + gas and parts), books, school supplies and tuition.

DO I THINK MY LOANS SHOULD HAVE TO BE PAID BACK.

HELL NO!

I would rather somebody give my husband and I jobs but if that can't happen then yeah I would like them to at least be put on hold till I can get a job but if that can't happen and it won't (money grubbing companies) then I guess my only option is to have them forgiven.

P.S. Before you say that we haven't gotten jobs because we haven't worked hard enough to find one ( I check into monster.com and indeed.com everyday, I apply and so does my husband to every job we are qualified for including ones where I would have been qualified for in high school) it is because we are losing out to older people with experience and degrees and a bi-polar teacher who can not make up his mind whether I work my a** off or whether I let all the guys do work for me. So I don't want to hear that this is my fault or that I didn't work hard enough you don't know my situation so don't pretend you do.


RANT OVER!

So what?

I had a horrible impoverished childhood, took on $60,000 in loans as a single parent of one, didn't have a job upon graduation and GASP!! I didn't whine and complain and play the victim. I did what I needed to do because failure was not an option. I'm six years into the 10 year repayment period and have not missed a payment nor have I expected someone else to pay it for me.

You are failing to see the point. This isn't about people whining, complaining and playing the victim... It's about the fact that people having trouble finding a job after college is a wide spread problem.. and if it doesn't get better there will be more issues that stem from it. (and so you don't yell at me.. I'm not for this bill... I am, however, strongly in favor of dramatic education reform)

I get the point. But the poster I quoted IS playing the victim. Please read my 1st post again where I stated there is NO guarantee of a job after college regardless of the economy. Also I believe the economy fell apart in 2008, 4 years ago, when most of these people would have been just starting college, so the lack of prospects shouldn't come as any surprise.

Maybe that poster was being whiny... I'm just pointing out that there are bigger issues at stake than "I don't want to pay for the education I received". Don't assume anything about another poster, I started college before 2008

My husband and I are both about to graduate from college in like two weeks! Neither of us could get a job all throughout school and we do not have jobs lined up after we get out of school. We both went into demanding career fields, Automotives for me and Electronics Engineering for him. We went to a community college, I have no family to speak of and his family can't afford to help us due to his sister's mistakes. I am on welfare, I have medicaid, foodstamps, pell grants, and daycare assistance. We together have racked up $18,500 in debt. We have six months after we graduate to find jobs before we have to pay back our student loans. I came from a very poor, horrible childhood where I raised two kids while I was still a kid myself. He came from a broken home and a difficult childhood also. We have worked damn hard and very lived poorly throughout school, which yes our student loans and our pell grants paid for our 3 bedroom housing (which we had gotten with a roommate who is now gone), vehicle ($900 + gas and parts), books, school supplies and tuition.

DO I THINK MY LOANS SHOULD HAVE TO BE PAID BACK.

HELL NO!

I would rather somebody give my husband and I jobs but if that can't happen then yeah I would like them to at least be put on hold till I can get a job but if that can't happen and it won't (money grubbing companies) then I guess my only option is to have them forgiven.

P.S. Before you say that we haven't gotten jobs because we haven't worked hard enough to find one ( I check into monster.com and indeed.com everyday, I apply and so does my husband to every job we are qualified for including ones where I would have been qualified for in high school) it is because we are losing out to older people with experience and degrees and a bi-polar teacher who can not make up his mind whether I work my a** off or whether I let all the guys do work for me. So I don't want to hear that this is my fault or that I didn't work hard enough you don't know my situation so don't pretend you do.


RANT OVER!

So what?

I had a horrible impoverished childhood, took on $60,000 in loans as a single parent of one, didn't have a job upon graduation and GASP!! I didn't whine and complain and play the victim. I did what I needed to do because failure was not an option. I'm six years into the 10 year repayment period and have not missed a payment nor have I expected someone else to pay it for me.

Why be so rude? The economy was harder hit in the states. Single parents get grants in Canada so you did have people pay for part of your education (which is also heavily subsidized in Canada).

No and no. It goes back to my previous post. Read it. I also realize you might have reading comprehension problems, so read my second post again.

I read your post. I am not sure what "no and no" is in response to. Why do you talk down to people? Clearly your $60,000 education did not buy you any class.

I paid mine off. I shouldn't have to pay yours off too.