Anonymous
Cancel Student Debt
Today, I paid $800.00 towards my student loans. That was the minimum payment. FML
Collection
Thanksgiving
Questions about your love life, a burnt turkey and the cousin who knows everything: Thanksgiving, a contact sport.
Same thing different taste
latepayer
United States
Today, I found out that I owed my school $0.20. They decided to charge me a late fee of $20 for deferring the intial payment. FML
Maleficia
Today, the government froze my bank account for not paying college debt, and now I can't access my 0.30 cents. FML
Anonymous
Portland, United States
Today, I found that someone had paid off my $16,500 student loan. I was so excited that I called my family and posted on Facebook about how awesome it was. Then I called the loan company and found out that they had just sold my loan to another company; no one had actually paid it off. FML
Username
United States
Today, I was so broke that I paid for a $0.28 candy bar with my credit card. FML
Anonymous
United States
Ins and outs
Today, I finally got my paycheck from working at my minimum wage job for the last three months. I was delighted when I saw it was worth $846. On my way to cash it, I destroyed my car's suspension. It's going to cost almost $800 to fix. FML
poor_college_kid
Tucson, United States
Today, I found out that I owe my college a little over $10,000. Why? Because, due to a slight misspelling of my name, the scholarship that I have been going insane trying to meet the requirements for is not actually giving me any funding. FML
armenta427
United States
Today, I found out that my parents are 28,000 dollars in debt and that my bank account has $27.17 in it. They took my money to help pay their debt. FML
boned
United States
Give it back
Today, I checked my university financial account to discover I owed them over $1000. The reason? They had apparently given me too much money when I applied for a loan and now want it back. Oh, and I spent my loan money on books and a laptop for school. FML
Anonymous
Meritocracy, amirite?
Today, I worked for 4 hours and made $28.00. I have $1500 of bills coming due soon. FML
MochiMomoChan
United States
Today, I found out I'm on wage garnishment because my mother, who took out a student loan for me back in '05, didn't pay off the $2015 owed when she said she would. I got screwed over financially because of her. FML
Top comments
Cindy Louise Packer 5
income driven payment plan. look into it. unless of course you make loads
RichardPencil 32
I hope you got a good degree. So sad to see people take loans and not graduate or get degrees that only let them make very low salaries.
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Comments (14)
Cindy Louise Packer 5
income driven payment plan. look into it. unless of course you make loads
libbyson 5
even then you may get stuck because your new minimum doesn't even meet the interest. Then after 25 years you finally get some relief and the IRS wants you to pay taxes on the amount forgiven.
RichardPencil 32
I hope you got a good degree. So sad to see people take loans and not graduate or get degrees that only let them make very low salaries.
Rae Miller 10
Even people with masters are making $15/hr for the degree. It’s a shame
Inkoseh 33
Yep...Most places charge for post-secondary education. Amounts should not be a surprise as you signed up for it in the first place with that payment plan. Look for a better repayment plan if it's hitting too much at once. If you're making too much though, you may not get any lower of a rate. If you think you can pay it off in a year or two, sign up for a 0% APR Credit Card for 12 months and pay it all off. IF you still don't have it paid off by the end of the 12 months, find ANOTHER one and do a balance transfer with 0% APR again. May be hard to do if you're making nothing. If you have income then you should be able to do it. This is how people get away with long term payments without having to pay fees. After a few years of non-use of these cards, you can close them!
JuliaKay14 33
Yeah, we’re in that situation too once December comes.
manb91gb 15
YAY! America is Great Again!! Oh... Wait...
Inkoseh 33
Also, many countries in the world cost money to go to college. USA may be expensive, but it's followed EXTREMELY closely with Chile, Canada, Korea, Japan and Australia. It also depends on what you go in to study AND what school you choose. USA isn't some all around bad-guy, it holds some of the most advanced technological universities in the world, and people want to get paid!
lj2000 5
Should’ve went to a cheaper school. Or planned a little better. Or just gone into a trade. College isn’t for everyone.
libbyson 5
to everyone saying the borrowers should have known what they are signing up for. At least when I went. Everyone was promising wages at least twice what a recent college grad is forced to take. Also some of these kids were as young as 17 and signed there life away with the only thought in there mind. I need to go college and this is the only way.
Inkoseh 33
You don't go in assuming you'll get a job right away though. You should definitely have a back up and be working beforehand to have a cushion to pay for it all. Unfortunately schools don't teach you ANY of this. And if you aren't making enough or your parents aren't, you'd be in the bracket of receiving financial aid for it all. There's always going to be possible circumstances for specific people who are stuck in the middle, but no, the payments still aren't a surprise. Husband worked end of HS and during college to pay for college at a minimum wage job. It totally sucks and is hard AF, but it is entirely possible.
acmariner99 25
Dont give up. I started with nearly 100k in student debt, a $1300 a month payments, and obscene interest rates, but with budgeting, aggressively paying down what I could, refinancing, and doing well at my job, I've been doing very well. I still have a ways to go, but I can afford to spend on the "nice things" like a decent car, occasional travel, and I have a house. DONT GIVE UP. PM me if you want some tips.
DogStew 20
Good ‘ol American culture.