Pretty much as it says. I have had no lukc finding a job to pay off one of my private student loans. The cosigner for one of my loans is handling one but the otehr has not doen a thing. So pretty much my family told me to just write a letter stating I cannot pay but will pay once I find a job. They keep telling me it will be fine and eventually they will start to go after my cosigner after it goes on my credit.

Personally I am not sure and was wondering if anyone knew anything about private loans. I have tried to get it deffered but the cosigner for one loan screwed up the application and other factors have prevented me from deffering. Pretty much the bank won't let me because one payment was late. I just feel like my family is wrong and my lif is ruined now.