Student Loans

The one thing that I have been having the most trouble with over the past month is student loans.

I did not account for the difficulty in deferring student loans when starting my own practice.

For disclosure's sake, I currently have loans through 5 different companies. These include Sallie Mae, Access Group, Fed Loan, Iowa Student Loans and Suffolk University.

As of the writing of this blog post I have deferred my loans through Sallie Mae and Access Group. Iowa Student Loans currently has a 2 month deferral while they approve my economic hardship application, Fed loan has denied my request 2 times, although they are currently reconsidering and I have not attempted to defer my Suffolk Student Loan.

Deferring my student loans has been a month long process. I have been putting in about 20 hours a week into checking into my deferments, calling representatives, discussing why my loans should not go into default/ delinquency, and faxing forms and pay stubs to 4 different companies.

the point of this blog post is to remind people that student loans are a pain in the ass.

The worst part of this whole experience is that if I had planned out this element of my practice a little better I would be in much better shape concerning my student loans. If I had done this in August (just after the Bar exam) I wouldn't be going through the same gauntlet that I am passing though now.

If anyone out there has student loan nightmares please leave some comments in the comment section.

Until next time,

Kenneth C. Allison, Esq.