Here's how to apply for student loan forgiveness (because the toll of student debt is very real):
Eventually, the private creditors, through legal action, were going to have the right to take possession of her property. “They were going to come to my home and take whatever I owned and try to sell it at auction.” To avoid that, she ended up filing for bankruptcy in 2015. This put the student debt collections on hold, but didn’t make the balance go away and would only keep creditors at bay for so long. She got her bankruptcy discharge in 2020, and realized they could soon come for her again.
She’s glad she consolidated to get at least the private lenders who were coming after her off her back, even though it led to more, different debt. “I had to take those measures, but I don't regret it because it was my only option,” she says. “I don't have a sugar daddy, I’m a single mom, I don't have extra income coming in from anywhere. I'm just the sole provider and trying to maintain everything.
, or spend on leisure,” she says. “I’ve been stuck in a situation where I can only spend the money that I have on necessities, such as my bills. My budget is tight — super tight. Now, with inflation and with my two toddlers, my expenditures are huge. The value of my money has lessened a lot. The loans I have left feel even more impossible.” Thalia Anguiano says no one ever fully explained to her what a nightmare her loans could be before she went off to school.
Anguiano kept making payments and set the goal of being debt-free by age 30. But she realized her goal couldn’t be achieved while chasing the original career she set out to do.
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