The rich ruleth over the poor, and the borrower is servant to the lender.

Student Loan Debt Therapy

Student Loan Debt Therapy

Saturday, December 20, 2008

Wednesday, December 17, 2008

STUDENT LOAN DEBT DEPRESSION

If someone would have told me that I would be paying $1,200.00 per month in student loan debt 15 years after graduating from a top tier law school, I would have told them, "Go suck a lemon and leave the crack alone." Well, here I am 15 years later paying $1,200.00 per month in student loan payments.

In fact, I paid over $11,000.00 in student loan interest last year and could not write the interest off on my taxes. Why??? Because I made too much money according to the tax code.

So at the suggestion of a close friend, I have started this blog as a forum to vent my frustration about being a slave to student loan debt. It depresses me each time I make an online payment to one creditor and write a check to the attorney representing my other creditor.

I know. I know. I should be grateful that I have the money to pay my monthly payments. I am grateful. Really I am. But if I had one wish (beside being healthy for the rest of my life with greater discernment skills) it would be to payoff all my debts by December 31, 2008.