Boxed In, Borrowers Struggle to Repay Private Student Loans

Mark Abramson for The Chronicle

Dana Knowles graduated from Smith College in 2007 with student loans to repay. "The experience with federal loans as opposed to private loans is like night and day," she says.
April 08, 2013

Not long ago, Dana L. Knowles received a notice from Sallie Mae, the servicer of her private student loan. Starting in April, the e-mail said, payments on her $26,000 loan would increase by more than $200 a month.

"I can't pay this much," Ms. Knowles…

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