I'm in exact same situation as you are. I owe more on interest than the actual money I borrowed. I'm going crazy. I can't sleep at night. I'm divorced with no child support and no 6 figure income. I wish I'd never gone to finishing my college education.

I care because I can't get loans, and when I can get one the interest rate is at leat five times more than what it should be. I fear I won't be able to help my son with parent supplement loan when he gets ready to go to college. With all the accured interest on the loan I know I never be able to re-pay this loan. I hope the Obama's administration creats a program to help people like us.

Please let me know of any movement in this area.