The Bumblefucked household owes a LOT in student loans. Most of the loans have been in an in-school deferment due to us taking a couple of classes at a community college before we moved. Well, now the grace period is over and those loans are coming due again.

The damages? About $840 a month. Ouch.

That’s just not right!

So, I went onto the EdFinancial page to see about getting a temporary deferment. My thinking is that if we can get the credit cards paid off before we start on the student loans that we will be in better shape.

Apparently I don’t qualify for a deferment. My loans make up $677 of that $840 a month. Why don’t I qualify? Well, judging from what they deem people are able to pay according to income you are not supposed to have any other debt. Great idea! But also highly unlikely.

Have a look at this:

What Can You Afford To Pay?

Your annual income Maximum monthly loan
payments you can
afford to make

$15,000………………………………………………………………………$100-$125
$20,000………………………………………………………………………$133-$167
$25,000………………………………………………………………………$167-$208
$30,000………………………………………………………………………$200-$250
$35,000………………………………………………………………………$233-$292
$40,000………………………………………………………………………$267-$333
$45,000………………………………………………………………………$300-$375
$50,000………………………………………………………………………$333-$417
$75,000………………………………………………………………………$500-$625
$100,000…………………………………………………………………….$667-$833

Wow, isn’t that interesting. Now, I entered my into their “financial hardship” calculator and was I told I did not qualify. If you look at the handy info above my monthly student loan amount falls into the $100,000 and above income level, yet I am far from that income level.

Suddenly, I understand the whole Students escape loan debt by living overseas article on CNN.