My Opera Singer Wife Will Never Get Out From Under the Student Loans
Posted January 20, 2015
My wife has several federal student loans from grad school dating back to around 2005
She also took out two private student loans through Chase in 2005 and 2006
It has been sold several times and now is with AES. The interest is killing us. She sings opera, I'm a personal trainer. we simply don't make enough. She pays $500.00 a month and it only goes to the interest.
We've been looking online, and talked to a family lawyer but we've all been told too bad it sucks to be you. What can we do?
I'm on loan deferment, we have her federal loans deferred, but now we don't know what to do about these private loans.
They say we can't defer, and paying anything less than the $500 a month just results in defaults and or being told we've payed late, etc. Is there a way to get those loans into a federal repayment plan?
We're at our wits end, and we hardly survive as it is.
Bethany and Amanda
WRAL Get Out of Debt Guy
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