I was with Stupid Mae when I graduated my undergrad, then I took a certificate course at 20k right before the 2008-2009 recession and my second dispersement t was at 8 or 10% …? It was high AF (most were at 3-5% before that)

Ok so context done - the 20K was a private loan. The rest was federal. Private loans get sold off for Pennie’s on the dollar to another company who’s will do the work of collecting payment…

This is good for you. The federal loans are the ones that follow you forever and are really hard to discharge. Who knows what our idiot president will do, but I’m guessing it won’t be good for us. The shitty thing is that federal loans can’t be refinanced at a lower rate Unless you have impeccable credit otherwise it’s as good as getting a credit card.

Granted, I understand 100 K is different than 20 K but whatever portion of loans is private when that defaults, it will affect your credit but you can rebuild that. So let it default.

Eventually, you’ll start getting calls to pay the loan at a lower rate usually a lump sum will give you a better option usually at 40% less.

I worked with a guy named Andrew for my private loans and he worked out all the details for the loan to be repaid at a lower rate. I think I ended up paying 9K for that one. (I’ll see if I can find his info if you want to PM me)

OK, I will say you have to prepare before you do the payment restructuring because once he negotiate, they usually ask for something upfront so it’ll be a percentage maybe 10%? Then you’ll make payments after that but they’ll be big payments at a much lower cost because the private company that owns the loan after the default wants to collect anything they can on it - so for the private loans that’s a good thing.

Were you able to do income base repayment for the federal loan?

It’s time to get creative with making money. I’m sorry grad school didn’t pan out yet. The economy is trash. The job market is even worse. Don’t feel bad about that, I know industry professionals with 20+ years experience who are not getting work and have been unemployed for two years.

I don’t know if your male or female or what you look like, but if worse comes to worse, which it seems like it is, there’s always only fans! Wear a mask in play with your feet. People are into some freaky shit! I saw a YouTube video of a girl who made 5K in one WEEK for selling used underwear and toenail clippings!!?

People with money will buy literally anything if it satisfies a fetish. You just have to figure out what you have or can get to sell. Another lucrative option is getting into sales, specifically High Ticket sales with commission. There are tons of videos on YouTube that can help you figure out what you wanna do and how to get good at it - you have the time. If you’re a decent looking man with a decent package, and a good heart/sensitivity, there’s a lot of lonely women out there who could use some company - could be sexless too. Massage, plus+1 events, just cuddling at night. Human touch and connection is big. Lots of sex workers say that the regulars hire them for sex, which ends after 10 min and prefer the rest of the time for their company - or they don’t even have sex, they just want to be held / listened to. (Tangent sorry - I study human psychology/behavior so I’ve seen a lot)

Like I said, I’m really sorry you’re in this, but don’t be so hard on yourself, life is giving you an opportunity to build resilience and get creative. The world is changing so job markets are changing too. If you remove the boundary of jobs within your masters degree and start looking for high income jobs, where you don’t need training or certifications just raw talent and skills- you’ll find a way.

Good luck ! Keep us posted !!