im having some serious problem with student loans
i owe somewhere between 25-30K and i cannot afford to pay them.
its with like 2 or 3 different loan companies, and one of them has like a 15.9% interest
i was told they cannot be erased by filing bankrupcy like credit card debt can. id do that in a second if i could. theres no possible way to get them erased is there?
is there a way i can consolidate them or get that rediculous interest reduced?
what effect do student loans have on getting a business loan? im getting ready to try to start up a business but i have doubts id be able to get any kind of loan. i dont need massive amounts either...im trying to start my own garage with a friend of mine (he has worse credit than anyone could ever imagine)
going to school was the biggest mistake of my life, it really and truthfully was. i went to a 18 month tech school for computers, graduated with a 3.5 GPA (and i slacked off pretty bad too) i graduated in 14 months cause of the tons of computer expierence i have, and i have an associates degree. the computer field is horrible where i live. the only jobs i could find are $7-8 an hr help desk jobs, not even remotely close to what im looking for. i can honestly say i didnt learn a whole lot in school. alot of the classes i knew the majority of the stuff taught already, and the programming classes are super simple once you know one language well (i can program in 5 different languages) if i could give my degree back and get my money back i would in a second (they should have a return policy on degrees
)
im a self-taught mechanic, ive been working in a small garage for about 5 months now. ive learned so much. ive became a good mechanic, and for the most part i can do work at or below flat-rate time, without damaging parts or cutting corners. what i fix never comes back needing to be fixed again. ive been accumulating tools too. id only need a loan to buy some tools (welder, torch, various specility tools, scanner) and to pay for a few months rent and utilities. i know i could succeed at running my own shop. ive also learned how to run a business. my friend has his own shop which is currently going under because his dad *tries* to run it, and is horrible at it. thats why me and him are trying to start our own.
i appreciate any help and i really need it
thanks,
Russell
