My StoryMy 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.