Why a millennial with $134,000 in student debt hasn't made payments while living abroad for nearly a decade
Todd Squitieri has lived abroad for nearly a decade, and he's happier than he ever was in the US.When Squitieri, now 37, graduated in 2013 with a bachelor's degree in criminology and later a master's degree in forensic psychology, he had every intention of using his degrees in a career.
, meaning that while he didn't have to make monthly payments, the interest grew. He said he exhausted avenues of finding work — he looked to the schools he'd attended, he applied for the Peace Corps — and he didn't want to take on additional debt to pursue a Ph.D."None of the goals I set out for college materialized," Squitieri said."So that left me very estranged to my own country, and it left me depressed and in a miserable spot.
But as Squitieri was traveling and not making payments on his student loans, the balance was growing, and leaving the country doesn't mean he can leave his student debt behind. He now lives in Mérida, Mexico, and is looking for permanent employment. The website says that a forbearance period can last no longer than a year and that a borrower would need to submit an additional request to extend it. But it cautions borrowers that they're"still responsible for paying the interest that accrues during the forbearance period."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s why eggs are so pricey these days and why it might stay that wayEgg prices have shot up more than 70% since last year.
Read more »
Here’s why eggs are so pricey these days and why it might stay that wayEgg prices have shot up more than 70% since last year.
Read more »
Why Stephen King Doesn't Write Sequels (& Why He Still Has)Stephen King has avoided writing sequels to most of his works, and he has a good reason for that, though he has still written a couple of follow-ups.
Read more »
PepsiCo exec on how to encourage tech transformation within a companyWith over two decades of technology implementation experience, Kanioura shared insight into how companies — big or small — can strategically implement new tools internally. Presented by sapbtp.
Read more »
Nike's success story includes a ton of lucky breaksInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
OnlyFans performer may be fined for porn shoot on sacred site: reportInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »