I have a huge student loan debt tthat is growing larger due to accumulation of interests?

the interest alone is almost $300 a month. It is very discouranging .

Asked By: Fabrizio V - 10/7/2008
Best Answer - Chosen by Asker
Wow, $300 a month in interest. How large a student loan do you have? I think I accrue a couple of bucks a month in student loans... More
Answered By: saberhilt - 10/7/2008
Additional Answers (8)
You should probably start paying your bills.
Answered By: Sunshine - 10/7/2008
I don't see a question. Make your payments.
Answered By: Tim - 10/7/2008
Cut your expenses and start paying it off. Get a roommate, a second job, get rid of cable tv, stop eating out, etc, etc. Make more than the minimum payment and slowly but surely you'll make a dent in the principle and your interest payments will continue to go down.
Answered By: squirrely - 10/7/2008
get out as fast as u can. this type of thing will built up and will mess up your life. sell stuff, get a job, just something to pay it all back. fast!!!
Answered By: fmlb - 10/7/2008
I had the same problem but then my parents paid this off..Try to get a different loan with a lower interest rate and pay the student loans off...Yea student loans are messed up....
Answered By: Dennis F - 10/7/2008
Contact your lender ASAP, they might have some options for you. Check interest rates, it may be a decent time for you to consolidate and get a fixed rate on your debt.
Answered By: Rob L - 10/7/2008
Fabrizio... More
Answered By: aDrEnAlinE OvErDoZe - 10/7/2008
Make your payments. That is what my girlfriend and I do. We have budgeted for these payments since we graduated college three years ago. It is when you put them in deferral or not pay them that they get out of hand.
Answered By: andy - 10/7/2008
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