Hi everyone! I graduated Law School back in 2004 and started paying my loans in 2005. I had to exhaust all the forbearances and deferments at the beginning, because I was not earning enough to pay the minimum amount. Some people think that having a Law degree is a golden ticket that will guarantee you financial stability, but it is not always like that. Specially when you work for the government, like I did. I worked as an attorney for 5 years, living paycheck to paycheck and paying just the minimum amount on my loans. In 2010 I decided to switch careers and kept paying as I could. Then in 2015 I was able to enroll on a IDR plan that did nothing but to keep my principal intact or higher. My original amount was around 50K. Today is around 59K and I had paid about 22K just in interest. I’ve gone through periods of depression, anger, anxiety, and had lost sleep due to this debt.
I am 42 and I wish I could have bought a house a long time ago and save some money too. I don’t know if that will ever happen and it is beyond frustrating. I am grateful to have found this wonderful union. I believe there is power in the community, when people come together and fight for a common cause. I hope people keep realizing this and do not give up! We need to keep demanding and fighting for the cancellation of this debt and many others. The government is not just to give it to us like magic.