When I started to take out student loans in 2009, I thought I had done a good job.
The average monthly payment was less than $2,000, which was a big deal in a country where about a quarter of the population works for less than minimum wage.
The problem was that my debt-collection companies were ripping me off, and I had to pay them back.
I could hardly afford to keep up my payments.
By 2012, the number of loans I had on file had jumped to more than $30,000 and I was struggling to pay back nearly all of them.
The fact that I could no longer afford to pay those loans back, and was losing money on the business of keeping them, caused me to lose faith in the American dream.
In my desperation to get back on my feet, I called the National Association of Colleges and Universities.
“The way you can pay for a college education without going broke is to be an employee,” said a senior manager at the nonprofit.
He gave me the numbers and I knew I had a good chance of keeping my job.
But I had never considered taking out loans to pay off my debt.
After spending $6,000 on debt consolidation in 2010, I had just enough money to cover the cost of the loan consolidation and interest payments for the first time in my life.
I started with a small student loan, then went to a large, government-backed loan, and finally borrowed from a family member.
The first time I took out a student loan to pay down my debt, I took on about $2.50 a month in interest.
Today, that number is about $4 a month.
I’m saving more than half my money on interest for the rest of my life, and it makes me proud to be a student-loan borrower.
But that’s not enough to pay the bills.
The reason student loans are so costly to take on is that the federal government has no interest rate cap.
This means that the government takes out about $3 trillion in loans each year.
I have to pay interest on about 60 percent of the loans I take out, and the remaining 60 percent goes to paying off my debts.
That’s the worst part of student loans, says David Leip, a professor of law at George Washington University who studies student loan repayment.
The government doesn’t give borrowers a chance to repay.
I paid off my first loan, but the interest rate has doubled every time I have had a second, so I have about $30 million in debt.
“When you take on student loans,” Leip said, “the government is not giving you the chance to refinance.”
In 2013, the Federal Reserve, which oversees the U.S. economy, decided that student loans had become a financial bubble, and in 2015, it began to reduce the interest rates on student loan loans.
It’s also lowering the maximum amount you can borrow.
But if you don’t pay back your student loans quickly, you risk losing your home or your savings, which can mean you end up homeless or in foreclosure.
“It’s a big problem,” Leipp said.
“But it’s not the only problem.
The student loan problem is the bigger problem.”
Student loans are a huge financial burden.
More than half of all borrowers pay more than 60 percent on their loans, and about half of them have to repay more than 70 percent of their student loan debt in some way.
When I went to the National Student Loan Alliance to try to help my fellow borrowers, the group was overwhelmed with calls from other people trying to figure out how to pay their debts.
“There are hundreds of thousands of Americans who are struggling with student loan costs,” Lepp said.
Student loan interest rates have gone up by more than 50 percent since 2015, and now students who have a high-interest loan must pay at least 70 percent.
Even if you have enough savings to pay your debt off, it can be a struggle to find a lender that will take you on a deal.
In the past, some schools would pay you interest at a flat rate of 4.5 percent.
But this year, the government has lowered that rate to 3.8 percent, and many schools have also lowered the maximum repayment period.
“Many of our graduates are working toward college with no debt at all,” said Sarah Gorman, the executive director of the National Consumer Law Center, which works with borrowers.
“They can’t afford to take their college education on the road, so they have to find other ways to pay it off.
The federal government is making it easier to go into debt.
The more they lower the interest and the longer you take off from school, the more you are going to owe.”
The government’s decision to lower the rate of interest on student debt has forced many students to switch to private lenders to help pay off their debts and keep up with their loans.
But some students don’t have that option