Student Ball and Chain
July 2009 – The Heavy Hand of the Federal Government
Opening up the bill, I slowly scanned the statement provided by the National Student Loan Bureau; $357 a month was to be my minimum payment. Wow. That was half my rent!
Well my friends were at the beach, I spent July working like an animal and worrying about how I could pay my credit cards and my loan payments. I felt alone, left to meek out a meager existence in a forest of debt.
Then a co-worker told me that I could apply for debt relief. By filling out a form and providing details on my current income, I could become available for a short term, reduced payment plan. I applied and two weeks later was accepted.
My new payment was $187. Steep, but manageable.
I paid the minimum on all my bills at the end of the month. Again, I was just barely surviving. The credit card interest was killing me. I needed a way to pay them off and focus solely on reducing my debt to the government.
I also needed out of the waitressing gig and into my field of study.
Maybe August would hold more promise.