Um, didn't we bail you jerks out???
February 10, 2011 11:44 AM Subscribe
Sallie Mae decided out of the blue to take my husband's student loans out of deferment. We are both three years into a PhD program (kind of the definition deferment is based on, no?) and truly cannot afford the $700 a month payments on these. What can we do?
posted by sickinthehead to Education (14 answers total) 1 user marked this as a favorite
This is about 15k worth of private loans. The federal loans are still in deferment. I think our best bet at this point might be to take out a new loan to pay off these loans - a new loan that can stay in deferment for 2 more years until we graduate.
He has talked to supervisor after supervisor at Sallie Mae, and they're just not going to help us. The best they are willing to do for us is to put is into forbearance, which costs $50 per loan and will only last 3 months.
I'm not sure what else to do. Any advice?