How to pay back the student loans?

I studied at the fancy university and was not eligible for financial aid because of my parents’ income…
My debt for tuition is now around 200,000 dollars…
How am I supposed to pay it back, if I don’t even make enough money for the monthly payment? Can they make me pay it?
How screwed is my situation?

8 Answers

  1. I don’t mean to be harsh, but you need to pull yourself together, create a payment plan, focus on your job and pay your debt.
    Otherwise, your cosigner will have to pay for you!

    Anaya Anaya Answered
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  2. I reckon this is a private loan company?
    The government does not provide such high loans… If so, there is a person who co-signed for you, and who will be obliged to pay if you bankrupt.

    The Thirteenth The Thirteenth Answered
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  3. you are supposed to pay, so you need to deal with it as soon as possible!

    CEO CEO Answered
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  4. consider bankruptcy protection. I don’t know all the legal details but I’m sure you can look them up.

    Andy Warhol Andy Warhol Answered
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  5. your lender will expect the payment, if not from you, then from your cosigner.

    SmartAmy SmartAmy Answered
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  6. your situation is not looking good but you really need asap to stop avoiding and work out how to increase your earnings.

    Carolina Cat Carolina Cat Answered
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  7. your situation is not looking good but you really need asap to stop avoiding and work out how to increase your earnings.

    PhD in PotatoHead Science PhD in PotatoHead Science Answered
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  8. You’d better elaborate a payment plan now, with the monthly sums you can afford, because sooner or later you’ll have to pay back

    Made Made Answered
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