“My federal loans have an 8.25% interest rate. I owed approximately $35k when I graduated. I now owe $61k. Sallie Mae was my loan servicer, now it’s Navient. I was led to believe that IBR was in my best interest, and my payments were $680 a month – way more than I can afford. I decided against re-applying and am now under a standard repayment plan and pay $540 a month. I wasn’t made aware of more “affordable” payment arrangements until I filed a complaint with CFPB. My children are in elementary school and I will be paying for these loans long after they complete school. If I didn’t have to make these payments each month I would be saving for a house and my children’s education. Instead I’m in indentured servitude.” – Meghan
Sound familiar? Scroll down to pledge to be a student debt voter November 8th.