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  • Not vetted for CNN

  • Click to view rogergo4's profile
    Posted May 8, 2012 by
    rogergo4
    Location
    Port Angeles, Washington
    Assignment
    Assignment
    This iReport is part of an assignment:
    In need of a Money Coach?

    Student loan 7%

     
    I have a student loan that's about 7 years old, and there charging me 7%. I deferred it for a few years but now can only pay the interest, because as a single mom, two kids, and a starting wage of $18 hr. that all I can do.
    So it's staying at $19,000.
    In the news it's talking of not raising the 3 1/2% interest on Student loans. But I'm at 7, what goes.
    I have talked Sallie Mae (the loan managers) and told nothing they can do.
    Is there something I can do? Please help. I can't even afford the interest.
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