Just made my first payment.....

[doniker]

Hello....I haven't posted since last summer....constant complaining about ITT was stressing me out.

I am a 45 year old man. I signed up for ITT and started in November 2006. I lasted 4 and 1/2 semesters and then dropped out in October 2007 because I was learning next to nothing about Computer Networking and was sick and tired of the whole scam.

I have been to lawyers, wrote to every state official out there...nobody will help me.

I started at the local Community College in January 2008 (had to pay cash because I couldn't get a student loan since I owe ITT a mountain of cash) but I had to stop going because I have to work a fulltime job and a part time job in order to pay my ITT loan, live, and help support my family.

I owe ITT (Sallie Mae) $29,000; I made my first monthly payment of $245 yesterday with only 119 payments to go.

So here I am at the beginning of 2009, working 60+ hours a week and earning less than $30,000 a year and I have student loan + credit cards debts of $40,000+.

In 2005 I was earning $35,000 a year and had no debt, but then I got laid off. ITT promised me a bright future and I fell for it. Sure it is partly my fault for not finishing....but I was learning NOTHING and feared that I would end up $60,000+ in debt....with no job because I didn't know anything about working with computers.

I will be 56 years old when the ITT debt is paid off....just in time to work until 65, collect SS and live like a bum until I die.

[aka name]

(speechless)

If someone told me this on the street I wouldn't know what to say, and my only response would be an embarrassed, confused glare.

Have you considered obtaining a CDL license? I used to meet guys all the time that made 90K delivering machinery.

[doniker]

Well I just made my 2nd payment of $245.

118 payments of $245 to go...I will all be paid in full in a short 9 years and 10 months.

The worst part is that I dropped out after 9 months at ITT and I have no degree.

I'm 45 years old and I work in a warehouse earning $11.50 an hour.

More than one-seventh of my monthly salary goes to Sallie Mae.

The good thing is that I dropped out and I'm not in worse debt.

ITT really only taught me two thing: if you go to ITT you will learn nothing and you become a broke chump.

[Turkmen]

I was a customer student at another for-profit sham of a school, and I am in the same predicament as you. Well I don't owe as much but I'm only making $8.00/hr (the minimum wage in my state) and working my ass off at a community college and sh!tty job.

Don't feel too bad at least you got out before you owed more. You aren't the only one that's fallen for this scam. We were promised a better future, a career, and the world. I was young and naive and now I am in debt for the next 12 years or so. Ask for a defferment and get rid of your cc debt first, then pump as much money into that school loan. You'll get through this!