Why a millennial with $134,000 in student debt hasn't made payments while living abroad for nearly a decade
Todd Squitieri has lived abroad for nearly a decade, and he's happier than he ever was in the US.When Squitieri, now 37, graduated in 2013 with a bachelor's degree in criminology and later a master's degree in forensic psychology, he had every intention of using his degrees in a career.
, meaning that while he didn't have to make monthly payments, the interest grew. He said he exhausted avenues of finding work — he looked to the schools he'd attended, he applied for the Peace Corps — and he didn't want to take on additional debt to pursue a Ph.D."None of the goals I set out for college materialized," Squitieri said."So that left me very estranged to my own country, and it left me depressed and in a miserable spot.
But as Squitieri was traveling and not making payments on his student loans, the balance was growing, and leaving the country doesn't mean he can leave his student debt behind. He now lives in Mérida, Mexico, and is looking for permanent employment. The website says that a forbearance period can last no longer than a year and that a borrower would need to submit an additional request to extend it. But it cautions borrowers that they're"still responsible for paying the interest that accrues during the forbearance period."
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