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My Story

My name is Brianna Rueschaw, I’m a 23 year-old college graduate. I attended the Illinois Institute of Art-Schaumburg and received my Bachelor’s Degree in 2010 for Advertising & Marketing. Most people consider going to school and receiving a degree what you need to do to survive the “real world”. Unfortunately more often than not I sit and wonder if it was the worst decision I could have made. A year and a half later all I have to show for my degree is $150,000.00 in student loans.

I currently work a full-time position making $30,000.00 a year. I am very grateful for my job and the money that I do make, but it isn’t enough to pay living expenses on top of student loans. I am continuously looking for a second job to help pay the $1600.00 in student loans I am billed every month. Unfortunately, with my full-time position I struggle finding a job needing the hours I am available.

I have six different student loans, a few of them with unbearable interest rates and while I have tried to work out a lower payment plan with each company I am continuously told, “There is nothing that they can do.” So instead I give them any money I can each month to prove that I am trying to pay in “good faith”.  Though I am always trying to better myself and my financial struggles I feel as though it has become too much. On a daily basis I receive anywhere from 10-25 calls from my different lenders, some of them only automated recordings and others that feel as though my family as well as myself are being threatened.

I am writing to you today in hopes that you may have further resources I can look into. I have tried to look into options such as consolidation, but for one reason or another I never “Qualify”.

Any help that you would be able to provide would be very much appreciated.

How did you get into this situation?

I focused solely on my education and lost sight on how much money books and supplies were costing me. I also thought I would have a flexible repayment plan unfortunately, I found out the hard way.

Where does the money go?

100% to my student loans. I would like to be able to have kids and live a full and happy life without continuously struggling with my student loan payments.

Blame?

I blame myself for this. If I would have went in to college being more knowledgeable about student loans and/or other resources that could have helped me pay for school I may not be in the issue I am today. Now I am overly stressed and constantly wondering why I went to school.

What are the creditors doing?

Right now Chase is the worst private student loan I have with an unbearable 13% interest rate. I give them every dime I have after I pay my other loans in good faith. Chase has decided to accelerate my loans and instead of paying $600 a month they are trying to make me pay $5,000. Which is unreal, I don't know how they think I can pay $5,000 when I have been only paying them a little over a $100 dollars a month (everything I have).

Disclaimer

I'm not a charity and you cannot claim me on your taxes. I wish you could. Any donations are very much appreciated. You can email me at bri.rueschaw@gmail.com if you have any questions you would like to ask me.