Student Loans SUCK!

Sooo...I was assessed to get 640 a month from student loans to live on. Awesome, that does cover living expenses so I had planned for that. Now...I got reassessed...for $410 a month, I cant even pay rent. My job is on campus and doesnt give enough hours.

So I am stuck needing to make at least $300 more a month (while doing school full time), and the Toronto job market...SUCKS.

Stressed to the max, my thesis is due in 3 days, this was not the news I needed.

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4 replies since 27th November 2009 • Last reply 27th November 2009

Reply #1:

OMG I don't get how they justify that, at least u get it per month tho, we get 3 payments a year... which makes budgeting much harder... I'm in my final year and I got a statement of what I owe them, £9,000 just covers the loan... I owe another £2000 or so in friggin INTEREST WTF!?!?!?

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Reply #2:

omgosh, and just wait till you have to pay it back. I am still paying mine back, and they are rude too. I had one who told me why did I get a loan if I couldn't pay it back in time

crazy

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Reply #3:

Oh man...I know what you two mean. Im freakin terrified of having to pay it back, Im at 56 000 by the end of this year (actually I think its more like 54 200 now). Even paying $10000 a year it will take me over 5 years to pay it off (plus the freakin interest....).

Plus....I still have to do my masters.....ultra shit.

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Reply #4:

sweety, I only had a $15,000 loan and I am still paying

Don't forget the interest, my interest is only $100 a month, but some of my friends have to pay $600 a month in interest+loan. You know they never tell us this when we apply to school, that they will hike up the fees and make us pay more

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