Student Loan Repayment

Submitted by an LD OnLine user on

I am a 33 year old adult that was diagnosed with ADD about 4 years ago. Before I was diagnosed, I tried earning a degree at the state university. I did not know at the time that I had ADD. I tried the best I could in school, but I was not succesful and had to repete many classes. I ended up aquiring $28,000 in student loans and I never earned a dgree. I have since been diagnosed with ADD and I take medication for it on a daily basis. I am a whole new person now. I can see that the reason I was not successful in school was because of the ADD. I makes me sick inside to know that I racked up $28,000 debt because of a disability that I did not know I had. My question is, is there any type of help like a grant that can help me repay the student loans. Do I have any options to wipeout or at least lessen the loan amount? I would appreciate any advice. Thanks

Submitted by Anonymous on Thu, 04/10/2003 - 5:31 PM

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Matt,

I know that there are some government programs out there that will help with grants. Its just a matter of looking for them and the public Library can help. Hope that this is a start.
Amy

Submitted by Anonymous on Tue, 04/15/2003 - 5:58 AM

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Matt: If you DO find anything – or rather, can focus long enough, please let me know as I have several $$$ to be paid. Thanks!

Submitted by Anonymous on Thu, 05/01/2003 - 3:38 PM

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God, the story of my life… undergrad on 12-year plan, and had to take out MORE loans for grad school #1 which was private. Paid cash thereafter and wrangled a scholarship and a TA. I owe better than $40K and have yet to find a job.

Seems like ADDers should get a volume discount from Sallie Mae!

Robin

Submitted by barthms on Sun, 04/18/2004 - 5:02 AM

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I’m sixty years old and have student loans I don’t know what to do about. At one time they were taking money from the Social Security check I receive from my deceased husband. Unemployed and in debt for an education I was never given the opportunity to use! If any one has an answer please let me know.

Submitted by Paul on Mon, 04/19/2004 - 1:14 AM

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I work for a student loan company, and unfortunately there is no way out of student loans besides death or permanent disability. Bankruptcy doesn’t even do it.

There are very liberal deferment and forbearence rights for economic hardship, though, so that may or may not be an option.

Submitted by barthms on Mon, 04/19/2004 - 1:56 AM

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Permanent Disability doesn’t do it either. The laws for Permanent Disability are different for Student Loans than they are for Social Security. With Social Security you are allowed to make $800 a month but if you make any money at all the Department of Education does not consider you to be disable. It’s awful. They do have a hardship rule but the red tape and phone calls will worry you to death and some of the people are so rude. I wish I had a teaching position. I didn’t think I would have any trouble and my loans would have been forgiven teaching Learning Disablity students. Unfortunately I ran in a principal who didn’t like me and that was the end. It has all but killed me.

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