Originally Posted by
brianb
Hah!! I find it funny how we, the tax payer, can bail out the banks, insurance companies and car manufactures but you balk at possibly helping out your fellow Pilot. I would not be in favor of a "complete" bail out but, I would favor a reduction in interest to the lowest possible level. I feel for ya but for the most part, you made the decision, yes?
There are already methods in place to reduce payments, extended repayment plan, forebearance, deferement. I was on those. I paid every extra available dollar I had into paying off the highest interest loans first (usually third party loans).
Go on the extended plan or ask for forebearance until you are on 2nd year pay. Pay more than the minimum payment if/when you are able too.
If you can take a college classes half time, you can also go back into deferment. So enroll in some classes at the local community college in personal finance and get some relief that way.
The rules were there when you signed on the dotted line. I don't see why people feel the rules should change now.