I am opening myself to get flamed here bigly, i went in under the delusion it would get me a job paying 30 percent more than i made for the first decade after graduating in 07 at 29 years old. I bought into society’s perpetual lie about college and my wife graduated s year later and together we owe 6 figures that will not be repaid more than likely as she is filing for disability now. From kindergarten on I was endocrinated that it was necessary and had no reason to doubt. Now i do, and pray for forgiveness or bankruptcy relief but alas no help. Removing the guarantees of student loans would drive the cost back down, as with anything when govt throws money at it it skyrockets the price
The reason the price is so high is because people are quick to take it....as you have discovered.
It’s not dischargeable in bankruptcy and you are about to discover that disability is basically government-run slavery.
She may qualify for some forgiveness due to disability.
May I ask - what are the sources of these loans? Federal guaranteed loans at max, are $5000 per year for undergraduates. Who also was loaning money? What terms and guarantees did they require?
Just curious, as I am trying to learn.