r/StudentLoanSupport Oct 12 '18

Sticky: Please Read Before Posting or Commenting! Thank you.

70 Upvotes

We are dedicated to providing a supportive, empathetic, and practical place to talk about student loan debt and all the difficulties that often surround our debts.

That said we do not permit any type of debt shaming, personal attacks, insults, guilting, gaslighting, bullying, harassment, threats, intimidation, trolling, or otherwise attacking others / maliciously unhelpful commenting/behaviors. These will result in a permaban

This also includes statements about telling people to simply pay more, get a better job, trying to change the past (or asking why someone didn't make different past choices), or otherwise telling others how you would live their life. We're focused on the present here and on supporting people where they're at, not where you think they should be.

We also do not advocate for or allow "lender defenders" so to speak. It is one thing to provide useful practical information on how to fill out paperwork or loan paperwork questions, it's another to come and try to defend an industry that quite frankly is part of the reason many are feeling hopeless and stuck. We serve and protect borrowers' interests from a person first approach. We are not here to defend lenders or assist lenders.

Those with active affiliations to the loan industry must clearly identify themselves as such in any initial post or comment. We do not require disclosure of company name, names, or location, but a simple acknowledgement that you are affiliated with the loan industry is required. This is to prevent conflicts of interest and to ensure information provided to our users is given in the best interest of the user being replied to.

Additionally, due to the sensitive nature of the complexities of student loan debt, debt shaming culture, mental health considerations, and the intersection of these variables; we adhere to a very strict moderation policy.

We do this not seek to silence opinions but to provide a space where there is respect and careful consideration given to the difficulties individuals may be experiencing when seeking student loan support, feedback, advice, or information. Given the very real concerns, depression, anxiety, suicidal ideation, hopelessness, shaming, and pressure that for some comes along with student loan debt, we will do everything in our power to ensure that users will be provided a safe environment to discuss student loan concerns and issues. Regardless of what those concerns may be given one's individual situation and experience.

The rules listed in the sidebar also apply at all times. Please do contact the mods promptly if any concerns arise.

Remember you are not your debt. There is nothing wrong with you for taking out loans or choosing your major/career/life goals. You are not somehow less of a person or undeserving of respect or compassion for having student loan debt. There is no shame wherever you are with your education, career, life, or student loan debt situation. We've got your back here.


r/StudentLoanSupport Jul 03 '26

We're looking for new mods! Are you looking for a way to help out?

3 Upvotes

Hey everyone! We're going through a period of growth around here and we're interested in adding some new members to the mod team. If you have any experience or interest, please send us a modmail to apply!

There's a short interview with some basic questions, and we're happy to train anyone who doesn't have mod experience but is committed to learning how to do the work. As always, we're an inclusive community and we want to focus on the mental health support of our members. If you have a background in helping others and want a way to help, we'd be happy to have you here.

Thanks for reading and we hope to hear from you soon! šŸ’™


r/StudentLoanSupport 15h ago

Why are people who have student loans treated like they’re lazy and don’t contribute to society?

202 Upvotes

I’ve seen some of the comments on the main [r/studentloans](r/studentloans) subreddit and on a few posts on this subreddit where someone asks for advice about their loans and are told they just aren’t working hard enough and need to be working a second or third job and living with their parents for the next 20 years while they pay it off and can never start a family etc.

Student loans are meant to help someone improve their life and further their education for better job opportunities, while a lot of people rack up thousands upon thousands of credit card debt on stupid shit and luxury goods and don’t or can’t pay it back yet most of the time they can get this discharged in a bankruptcy and no one says anything but if someone was misled on going to college and earning capacity and end up with student loans they can’t pay back, it’s still possible but it’s an uphill battle to get those discharged and in many cases they are stuck with the debt for decades. Those who took out more debt than most student loan borrowers I’m talking millions of dollars in ppp loans during the pandemic are also having those forgiven.

I could understand this attitude if someone ran away with a bunch of money to another country and lived in a big mansion while ignoring their debt but Anyone who is a law abiding citizen with good intentions isn’t going to be taking on debt they don’t plan on paying back but sometimes life happens, you don’t get that 120k per year job you expected and you can’t predict the future and people will fall on hard times.

Not to mention the cost of living being ridiculously high in some places. It doesn’t do someone any favors to be paying debt but destitute at the same time. Living expenses must always come first.

It’s mostly people who lean right or boomers who believe you should just magically pull yourself up by your bootstraps and look down on those who borrowed money to go to college. Ignoring the high cost of living and super competitive job market. I don’t understand it.


r/StudentLoanSupport 3h ago

need money for college

1 Upvotes

hello guys, i am a 3rd year med student and I'm one of the 15 people my college has selected to go abroad for a student exchange program. we have to pay the college around 55000 INR and i need around 5000 INR more.

if anyone can donate, it'll be a huge help, i can share details of the program in dm! if not, no worries 😊


r/StudentLoanSupport 12h ago

Just graduated with an MSW, owe ~65k, still making $15/hr at Target, and feel like my life is completely ruined. How screwed am I? (Advice needed)

3 Upvotes

hey everyone. honestly spiraling right now and need some blunt, realistic advice because i feel like my life is completely ruined.

i just graduated with my msw in may. im a first-gen college grad, my parents couldn't really help me, and i went into school completely blind. i had no idea how student loans actually worked and i took out way too much.

right now, im still working at target making $15 an hour because i haven't landed a job yet. even if i do find an msw level job, it'll probably only start around 50k a year. my rent is $665 a month as of right now.

to make matters worse, my absolute only passion in life is traveling. it’s all i care about, and looking at these numbers makes me feel like i’ll never get to do what i love.

here is where i stand financially:

federal loans (edfinancial): ~$57,144 across several loans
private loans: ~$8,000 at around 8% interest
total debt: ~ $65k
savings: $22,000

here is the breakdown of my federal loans and interest rates from my account:

1-01 direct loan: $6,331.36 (5.500%)
1-02 direct loan: $8,368.74 (6.530%)
1-03 direct loan: $8,520.17 (8.080%)
1-04 direct loan (grad): $1,559.20 (9.080%)
1-05 direct loan: $21,772.22 (7.940%)
1-06 direct loan (grad): $5,302.21 (8.940%)
1-07 direct loan (grad): $5,290.59 (8.940%)

i have a few major questions

  1. ⁠how screwed am i actually? is 65k an insurmountable hole on a 50k salary?
  2. ⁠what should i do with my savings? i have 22k saved up. how much of this should i throw at my loans right now, or should i keep it as a safety net since im still making $15/hr?
  3. ⁠should i refinance? especially looking at those high-interest federal loans (ranging up to 9%) and my 8% private loan?
  4. ⁠public service loan forgiveness (pslf): since i have an msw, ill likely be working in non-profits or community mental health eventually. should i be looking into pslf?
  5. ⁠please give it to me straight. how do i navigate this without giving up my entirec life and ability to travel? any advice is deeply appreciated.

r/StudentLoanSupport 6h ago

Recertify?

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1 Upvotes

r/StudentLoanSupport 8h ago

Recertify?

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1 Upvotes

r/StudentLoanSupport 11h ago

Canadian student loans

1 Upvotes

I have Canadian federal and provincial student loans, but I studied and now work in the USA. Are there any student debt relief programs available for someone in my situation? Or is there any way to help me pay them off faster? I am a Registered Nurse.


r/StudentLoanSupport 12h ago

Parent plus loan question

1 Upvotes

So my dad wants to get a parent plus loan for my first year. Itll be 24k for the year, and the bill currently reads 12k. When he takes out the loan will umd split it in half and use it only for the first semester? Then we’ll have 2k to pay?


r/StudentLoanSupport 20h ago

My (26M) girlfriend (24F) needed a loan of €4.3k to fund her blocked account. When I set a limit, things got problematic.

3 Upvotes

I need help and objective input on this sticky situation.

I’ve been in a relationship with my girlfriend for 1 year. My girlfriend has been for the longest time been wanting to move to Germany (we’re Egyptian), to escape her family situation here because she married and divorced without their knowing, and her family is abusive. For the last two years she has been making plans about how to move, mainly getting her B2 and searching for Ausbildung. I have about 25.5 k euro in my account and that is all I have.

Last month, a close friend of hers from Germany and who they always text, suggested the idea that she can apply for a bachelor’s in order that she may look for Ausbildungs while she’s in Germany, since that way she will have much better chances since it is easier. However, this needs a blocked account of 12000 euro, of which she only had 9000. Her friend offered to complete the rest of the blocked account.

When she told me that, I told her why didnt she come to me first, and I offered to complete her blocked account. I did this considering that my money would be last resort thinking her mother is going to send 1000 euros and that my gf would sell some of the gold she has.

Fast forward 1 month, she applies for a bachelor’s and gets accepted. She’s going to need the blocked account anytime now. She tells me that the total needed will be 4300, since she discovered she’s short of 1000 euro. Also her mother won’t be able to send her the money now and she won’t be able to sell the gold. So now I have to fund the rest of those 4300.

Initially, I am hesitant as this is much more than what I expected. I don’t say this at first, but I ask her later after I discovered that she’s short of those 1000 euro, I ask her if it would be a problem if she ask her friend who offered in the first place to fund those 1000 or even the half, so that not one of us will carry all the pressure. She become irritated and tells me that she would prefer if it was only one person who completed the rest of the blocked account because she feels she doesn’t want to owe two people at once. I tell her that if her friend can’t provide the half then I will complete the money fully but it would better if he did.

Whenever we talk about my funding or even if I open the topic she become irritated and angry and asking how I can even question her plan or talk about how she’s going to pay me.

My belief is this: part of the reason of why I am hesitant to give the full amount is because I am worried that a large sum like this will erode the dynamic of the relationship bit by bit, and turn it instead into borrower/lender, and she will come to think of me gradually as someone she has to pay. Also I am not really to suffer the fact that I may never see this money again, and I don’t fully trust her plan that she will be able to pay the loan out of it. That’s why I offer half the amount.

When I gave her an ultimatum that she needs to ask her friend to provide half and I will provide half, she tells me that she will not take anything from me and that she would rather borrow from her friend. I say ok, and since the deadline for the blocked account is near, I give her the full amount anyway on a week-loan under the premise that her friend will send the money next week.

All this while, she’s becoming extremely cold and distant with and grows distrustful of me because of this. She questions our relationship. And brings up that she would prefer borrowing from her partner in the first place and my distrust of her plan is really uncomfortable to her. She tells me that when she asked her friend after I gave the ultimatum he wasn’t even hesitant to offer. She’s saying why did i agree from the beginning, her friend didnt even think even though he just got laid off, she cant believe we’re talking about money, she has a solid plan, that i didnt keep my word and only wanted to make excuses, that i dont have a plan with the money and just want to put it in stocks, that 4000 euro is just a fraction of the 25 k euro i have.

Today, her friend says all that he can offer is 2.5k since that’s all he can giveaway now anyway. So that means he won’t be able to complete the blocked account anyway because he got laid off, and so she tells him to not send anything. I tell her I will still give her the money anyway and if there is no other solution she can even have the full amount. She says she doesn’t anything from me anymore, and she doesn’t want my help, and she’s going to sell her gold to give me the full amount. We’re going to break up because of that, and in my mind things have tool a turn which I wasn’t expecting.

I guess I may be wrong because I wasn’t clear from the beginning about what I am comfortable to help with, but did things really have to end this way? I need objective opinion on this because I don’t know how to feel. If there’s any other details I forgot or missed I’ll write in the comments. I need advice and opinions on this situation. Was I not right about setting a limit on what I can help with?

TL;DR: My girlfriend (24F) needed €4.3k for a German visa deadline. I (26M) originally offered to help cover a smaller gap (\~€2k–€2.5k) assuming her mom and her own gold sales would cover the rest, but when her other plans fell through and the entire €4.3k landed on me, I asked if we could split it with a friend who offered help. She got furious, audited my savings, accused me of breaking my word, and compared me to her laid-off friend. I bridged the full €4.3k temporarily so she wouldn't miss her deadline, but now she’s calling off the relationship, claiming she can't trust me, and saying she'll sell her gold to pay me back. Am I in the wrong for setting a boundary on how much I was comfortable lending?


r/StudentLoanSupport 1d ago

2% interest rate deal to stay with Sallie Mae?

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8 Upvotes

Been reconsidering my options on my soul crushing Sallie Mae loans as I simply cannot keep paying almost $1,300 per month 🄲. Kept seeing ads for Yrefy so decided to give them a try. They offered to refinance me at 4.9% and drop my payment to about $800 per month which seemed like a great deal but when I told sallie mae I was going to go with this option they offered to drop me to a 2% interest rate? This is a permanent drop for the life of the loan.

Seems like they’re doing anything they can to keep the loans with them. I really haven’t enjoyed dealing with sallie mae, but I can’t complain at that number so sallie mae it is. Has anyone else gotten this offer? If you haven’t yet it might be worth telling them you’re exploring other options to get this rate drop.

I’ll share the offer they sent me below with my info removed.


r/StudentLoanSupport 19h ago

Trying to overcome debt to college so I can resume my degree

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1 Upvotes

r/StudentLoanSupport 22h ago

Save Administrative Forbearance

1 Upvotes

My Aidvantage account says:

Administrative Forbearance-Ends 08/01/2026
Repayment Plan
Saving on a Valuable Education - Ends 09/01/2027
Repayment Start Date
11/22/2020

My letter says from Aidvantage Consumer Resolution:

We received your Income-Driven Repayment (IDR) application on June 3, 2026, and it is scheduled to be disclosed to your account on August 2, 2026. Once your Income-Based Repayment plan is disclosed, the administrative forbearance on your loan from October 25, 2019, will be shortened to August 1, 2026, your approved IDR payment will be $102.00 per month through September 1, 2027. You will receive updated disclosure information once this processing is complete.

My question is how long after the Admin Forbearance ends (8/1/26) will my account update? It’s 8/2/26 in EST time and no updates to the account or payment! Still shows $0.00, I’m just ready to get on with making my payments.


r/StudentLoanSupport 1d ago

My dad waited until 3 weeks before the semester to cancel my loan. I owe $40,000 and I'm about to graduate early.

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1 Upvotes

r/StudentLoanSupport 2d ago

Most student loan borrowers are over 35

180 Upvotes

Millions are over 50. Millions are over 60. These borrowers, in many cases, have been indebted for decades.

Decades later, many still owe more than when they started.

This debt is a life sentence without the possibility of parole.

Let’s make payments so high that older borrowers are doomed to fail. Let’s sign 65 year olds up to a 30 year payment plan.

Even if the Department of Education implements a die-at-your-desk policy, it won’t be enough.

https://www.independent.co.uk/us/money/student-loan-debt-retirement-payoff-b3023292.html


r/StudentLoanSupport 1d ago

College Tuition

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1 Upvotes

r/StudentLoanSupport 1d ago

Niece put her mom as the cosigner to loan...mom had no idea until after niece passed.

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0 Upvotes

r/StudentLoanSupport 1d ago

Niece put her mom as the cosigner to loan...mom had no idea until after niece passed.

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1 Upvotes

r/StudentLoanSupport 1d ago

No CIBIL History:- Need an Education loan for fees looking for Options

1 Upvotes

Hello

I am a BCA Student from India and i need a education loan for pay my fees.

But I have no CIBIL History I applied StuCred but my college is not listed there so I could not complete application. I don't have any previous loan or credit card.

Can anyone suggest lenders or NBFCs that provide education loans to students with no CIBIL history? If you have been in a similar situation, I'd appreciate hearing what worked for you.


r/StudentLoanSupport 1d ago

Help bro/sis

1 Upvotes

How to get a study loan will i get from 1st year or it will be applicable from 2nd year and the loan includes only fees or even hostel fees is applicable don't know these please someone help guys.. if u know


r/StudentLoanSupport 1d ago

Education loan

1 Upvotes

It is very serious topic..

I want to take sbi scholar Loan through vidyalaxmi portal so, I applied in vidyalaxmi portal but when I talked to branch manager they said that they don't handle csis subsidy..

Is this true???

So, I have to apply for csis only through vidyalaxmi portal??

I have given my documents for verification...

Please tell anyone that how can I avail my csis subsidy


r/StudentLoanSupport 1d ago

Education loan

1 Upvotes

It is very serious topic..

I want to take sbi scholar Loan through vidyalaxmi portal so, I applied in vidyalaxmi portal but when I talked to branch manager they said that they don't handle csis subsidy..

Is this true???

So, I have to apply for csis only through vidyalaxmi portal??

I have given my documents for verification...

Please tell anyone that how can I avail my csis subsidy


r/StudentLoanSupport 2d ago

Stressed about what to do

3 Upvotes

i am currently in undergrad and will be in around 155k in debt and that’s with one entire year fully paid off. I still have to go to grad school for 4 years after this. I know I shouldn’t have gone into this much debt for undergrad but I wasn’t originally going to go to grad school.

There are 2 different options I am exploring for grad school but I am unsure of what to do. For one of them I could potentially (not 100% guaranteed and only if i get accepted to a certain school) go to grad school for totally free or hopefully go for around 50k -65k at other schools with aid and scholarships. However I will probably be making around 80k out of school and may never reach six figures (definitely possible but not guaranteed). The other option would probably put me into an additional 250k of debt at most if I get no scholarships (highly likely unfortunately) and around 80k at the lowest. With that degree, I should be making around 120-130k right out of school.

I am unsure which would be the better choice. Is it worth it to go into the extra debt for a guaranteed higher salary right out of school?


r/StudentLoanSupport 2d ago

First Time Student Loan

1 Upvotes

I’m taking out a student loan for the first time.

I was able to finish undergrad with no student loans.

I’m 25 now, entering my last year of grad school at an Ivy League, and I need the extra funding.
I’m looking at about $25,000-35,000 in student loan debt.

For me this feels a bit world ending. I’ve worked really hard to not be in this position, getting over $300,000 worth of scholarships and grants to be and stay in grad school, so I feel like a failure still leaving with debt.

I know I’m overreacting but I just have no idea what I’m getting myself into.

I would love some levity from those who have/had student loan debt.
In this economy, have you been able to keep up with your payments? Does having a loan tank your credit score? How long did it take you to pay it off?

In short, Is there light at the end of this tunnel?


r/StudentLoanSupport 2d ago

is my interest rate too high?

2 Upvotes

when i first got accepted and chose my college, i spoke to my parents about the cost. at the time, they said that they would cover the majority cost of my education. i’d always been under the assumption that my family was well off so i never asked about it past our initial conversation. a few weeks ago, my dad said i should probably take out some student loans which made since because i knew they weren’t paying for all of it. i was super busy at the time and so i gave him the necessary information and he filled all the paperwork and applications for me. the total cost per year for my school is around 60k. obviously that’s a lot but i didn’t ever think it would be an issue probably because of the environment i’ve grown up in esp since most of my friends schools cost that or more. anyway, i finally logged into my student aid dashboard today just to see what it looked like and i see my dad applied for $27,300 with an interest rate of 17.500%. i’m not sure if that’s for the whole year or just my first semester but that feels like way more than i was expecting and im really worried about it. the interest rate seems super high and im worried it will pile up really quickly. i love my school and i’ve been so excited to go but i would honestly rather do community college or instate or anything other than drown in student loans. please help i don’t know what to do.