What is the best source of monies to pay off school loans so that I can continue on in my life. Oh and by the way I am disabled with Aspergers Syndrome.
2006-11-27 07:05:41 · 11 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
I've been there, okay? Yes, Aspergers is a tough syndrome to deal with, but don't ever let that stop you in life. Successful people are those who push past all odds to achieve goals. Stay positive, and never give up.
1. As far as school loans go, keep open communication with loan companies. Don't avoid them! (I know from having tried it the other way.)
2. Begin to pay $50 when you can, whether that's once a month or once a week. They will see that you are trying in good faith to pay back what you owe, and they will be less inclined to make your life miserable.
3. Consolidate if possible, but only if the interest rate benefits you.
4. While you're waiting for a decent job, take what you can get. I know you probably don't want to hear that. I sure didn't, but it is the right thing to do. Even if it is a bummer. Sometimes you just have to do it. Ugh, I know.
5. The one thing that sustained me during the time I felt like I was drowning in overwhelming debt was a positive attitude. That isn't easy to get, just so you know. Read a book like "You Gotta Keep Dancin'" by Tim Hansel to inspire you to keep on going even when times are tough.
6. Finally, take a look at what you have to offer, whether that's talents and abilities, or even possessions. I sold a few things to bring in a little money at one time. Every little bit helps, you know. See if you can market your talents.....for instance, I could help a kid with math or English. And I started doing that one hour at a time, charging a good rate. See what you can do, and don't give up.
2006-11-27 07:17:58 · answer #1 · answered by Inkling 2 · 0⤊ 0⤋
If you can be guaranteed that you could make enough money to support yourself and pay back the loans, then yes it would be worth it. The problem is that none of us are guaranteed a future income and you could spend your entire adult life repaying those loans. It would inhibit how much money you could borrow when it came time to buy a home later on. It would inhibit you saving money for future children's college funds and the amount of money you could save for your own retirement. You are literally looking at a lifetime commitment. Yes, going to a prestigious school can make a difference in getting your first job or perhaps your choice of post graduate schooling. And yes, going to the same school the whole time makes it easier to make friends. But in the big scheme of things, is making friends with a bunch of 18 year olds worth $50,000 to you? You should consider going to a good state university for the first two years, one that has academic standards comparable to the school you wish to attend. Get the basics out of the way, then transfer to the more expensive school for the last two years. The classes most important to your major are the last two years, so the education you really want, you will get. The degree will from the school you want, and you'll just have to work a little harder to make friends and network when you get there. The cost savings could enormous and 15 years from now, it won't really matter where you took PE, American history and freshman chemistry. In the meantime, talk to the expensive school's financial aid office. In this economy, schools are digging a little deeper to help defray the costs to good students. There will be more opportunities than just commercial loans. Don't give up until you have researched all the options. (It will be good practice for all the academic work you have in front of you.) Good-luck.
2016-05-23 12:44:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You accepted the responsibility for the loans. Your disability does not make you unable to understand the legal ramifications of signing a contract - and no school guarantees employment. You need to make sure you are getting help to control the aspergers so you can stay in a job or find a job that takes you out of the social stress.
2006-11-27 07:15:42 · answer #3 · answered by fancyname 6 · 0⤊ 0⤋
You didn't say how bad your condition is but tutoring pays well and you can choose how any hours you want. In Cali I've seen the pay around $14-20 an hour but you have to a BA (or higher) or teaching degree.
You also didn't say what you got a degree in?? My mom's friend did medical billing from home for a hospital she used to work at.
All you can do is pay as much as you can each pay check. You might also be able to get a tax write off at the end of the year. You should talk to the person who does your taxes about that.
2006-11-27 11:57:43 · answer #4 · answered by vannalascano1987 3 · 0⤊ 0⤋
I know someone who was able to get their school loans, along with other debts, written off because of health issues keeping them from working. I'm only letting you know, if you had to do a bankruptcy as a last resort.
But other than that, if there's some kind of advocacy organization for your health issue. Maybe you could write to them about your situation. They might be able to help you with some solutions.
Since I don't know much about your health issue, I'm not sure what you can or can't do work-wise. But if you can't work at a regular full-time job, are there any hobbies you have that you can make money with...like if you write well, etc.
Good luck with everything!
2006-11-27 07:35:45 · answer #5 · answered by cassicad75 3 · 0⤊ 1⤋
You need to contact your lender regarding an economic hardship or unemployment deferrment. This will defer or reduce your monthly loan payments for a specified period of time.
If you have become permanently disabled, you may contact your lender regarding a possibility of discharging the loan.
My best advice to you, once again, is to contact your lender about what options you have. They are there to help you and ensure that you do NOT default. Contact them right away and they will get you whatever forms you need to qualify for whatever assistance you might qualify to reduce or postpone your payments.
2006-11-27 10:45:06 · answer #6 · answered by superstar_81882 5 · 0⤊ 0⤋
That would explain your predicament. Who would ever advise you to take on $100K for an education? No one with a grasp of reality for sure. You need to get a job and start working on those loans.
2006-11-27 07:09:59 · answer #7 · answered by united9198 7 · 0⤊ 1⤋
This question needs to be a little bit more clear, What area of the country do you live in and what did you study in college?
2006-11-27 07:16:22 · answer #8 · answered by marie f 1 · 0⤊ 1⤋
FYI - you cannot discharge federal student loans through bankruptcy...
2006-11-27 11:33:50 · answer #9 · answered by vickey m 2 · 0⤊ 0⤋
If you can study, there must be some sort of job you can do. Try networking....sometimes it's not what you know but who you know.
2006-11-27 07:12:23 · answer #10 · answered by Anonymous · 0⤊ 0⤋