Video First Person: Only Option for Student Loan Debt is Forgiveness

Yahoo Contributor Network

Yahoo asked Americans who have taken out student loans to ask questions in videos about their situation or about the industry in general. Here's one.

I am in my mid 30s and live in West Columbia, S.C. I have a massive amount of student loan debt. I have no transportation. I have been unable to find work for over four years.

I owe more than a quarter-million dollars due to interest and fees. After graduating I began looking for work, I lived in Los Angeles at the time. I was unable to find work. I had to move to South Carolina to live with family because I had no where else to go.

I began receiving letters stating how much my monthly payment would be, which was more $500. I have been looking for work for over four years, but I have not found anything.