So sad. Im sorry to hear about this. Loans is one of our financial savior but loans are loasn. We mujst beresponsible for that.the interest is there, we must not ignore it. Especially for the student, in which College graduates tend to leave with a Bachelor's degree and $25,000 in debt. As reported by a newly released survey of bankruptcy lawyers, student loans are being cited in an increasing number of bankruptcy filings. Sometimes a personal loan is needed when you get behind on payment.