Hi guys, I've never posted on Reddit before, but have been a long time lurker on this subreddit and I am inspired by how much you guys help people.
My short story: A 17 year old ass goes to an out-of-state private college and comes out with 100,000$ in private student loan debt from Sallie Mae and 30,000$ from federal loans. Basically, my parents did all the financial stuff behind my back, and did not tell me that because they have terrible credit for a number of reasons, my average interest rate is about 14%.
I just recently found out that I'll be paying about 1700$ a month, which is impossible to pay. I have two jobs and only make about 1300$ a month, so even if I spent NOTHING, I still can't pay these loans.
My parents and I have applied to ten different refinancing companies (Which I will be happy to list: soFi, connext, Citizens Bank, Laurel Road, Earnest, etc.), and we have been rejected every single time because of their credit score.
I feel trapped and helpless and these loans are coming up in two months and I am terrified and only 21. Whatever advice you can offer I appreciate more than you can imagine. If you have anymore questions, I'm happy to answer them.
Also please be kind, I'm in a bad place right now.
Submitted October 17, 2017 at 05:45AM by empiresoflife http://ift.tt/2xMTtCu
