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Private Student Loans

Should We File a Class Action Suit Against Sallie Mae and the Art Institute?

begging

“Dear Steve, I’m a graphic designer that graduated in 05 with a bachelor of science in graphic design from none other then the Art Institute of Ft. Lauderdale. I just read an article about paying back Sallie Mae loans and felt it was really enlightening, but bankruptcy? It seems that there are hundreds of thousands of people with the same ... Read More »

My Private Student Loan Debt is Not Being Eliminated Because of My Disability. – Wayne

Thinking

“Dear Steve, I am a 62 yr. old male. I am disabled since approximately 1977. Have been on Disability from work and on SSDI forever. I have tried schooling twice, but my disability has kept me from getting and keeping work. I am on limited, fixed income. Some work disability and SSDI. Last schooling I had Fed. and Sallie Mae ... Read More »

So What Can I Do About My Private Student Loans So I Don’t Default? – Temple

warning

“Dear Steve, I have an excessive amount of private school loans. My parents did not necessarily help me during college and so my loan amount was requested at a little more than my tuition in order to sustain other college expenses. At this time I have exhausted my Graduated Repayment options and am no longer eligible for any type of ... Read More »

Private Student Loans Suck and I Can’t Dump My Cosigner

raising hand

“Dear Steve, I have a ton of student loan debt. I have around $70,000 in federal which is a ton, but manageable since I am on the income based payments and they have been great to work with. I have around $50,000 in private student loan debt that I can’t afford. My mom is a cosigner on them and it ... Read More »

I’m a Social Worker Trying to Deal With Student Loans

time and money

“Dear Steve, I am currently only employed as a contracting social worker and make about 2,000 a month from which I pay about 700 in rent, 200 in miscellaneous bills, 400 in federal student loans and have an additional 33,000 dollars in private student loan debt which is now in collections. What is my best option to deal with with ... Read More »

Nasty Niece Leaves Aunt Hanging on Sallie Mae Student Loans

Women fighting

“Dear Steve, My wife cosigned on several Sallie Mae loans for her niece. Her neice stopped repaying her loans several years ago and my wife has been paying the interest only since then, which Sallie Mae approved per a phone conversation. They never sent a paper confirmation of the agreement, now they claim she should start paying off principal. When ... Read More »

My Graduate School Pursued Me for Payments in Bankruptcy

angry woman

“Dear Steve, I went through bankruptcy and my school filed an Adversarial Proceeding against me I attended a graduate school that is not a Title IV school. However, they were engaged in a number of exploitative and unethical practices. I declared bankruptcy with no problems and my lawyer thought they wouldn’t pursue going after me because they are not a ... Read More »

Can I Really Eliminate My Culinary School Student Loans in Bankruptcy?

chef

“Dear Steve, I have a private Sallie Mae student loan I took out back in 2007 to pay for a vocational education in culinary arts from a school called “Kitchen Academy” (I think they got bought out by Le Cordon Bleu and now they go by the latter name) The loan was originally for $16,000. I now owe $27,000 due ... Read More »

Need to Get Rid of My Student Loans to Start a Family. – Mike

couple working

“Dear Steve, Graduated 2006 and now have $12k more debt then original 2 Private Tuition and 4 Private student signature loans with Sallie Mae. Last loan of which was with 1 semester to go for nearly $30k and seems after this article to be def in the category of non education necessity kinds. I am delinquent month after month and ... Read More »

Is It True My Brother With Mental Illness Can Eliminate His Student Loans? – Josh

Desperate

“Dear Steve, My younger brother has been diagnosed as a paranoid schizophrenic. He has fought bouts of depression, hallucinations, and paranoia for the last 5-6 years. He has been on numerous different powerful drugs to help him. He, thank god, has finally found one that helps him with some of his symptoms but no way near is he the same ... Read More »

Were My Student Loans Eliminated in My Bankruptcy? – Erika

college-class

“Dear Steve, I obtained a Private Student Loan through Loan to Learn (Educap, inc. 5Star bank) in 2004 for $30,000 that required payment towards a variable interest rate while in school. I have paid on time from 2004-2012 before facing a hardship. With an average monthly payment of $300 (sometimes higher, sometimes lower) I have paid well over $25,000. I ... Read More »

My Private Student Loan Company Won’t Let Me Pay What I Can Afford. – Mitch

Searching-right

“Dear Steve, I’m a first generation college student, and attended Hartwick College for 1.5 years until transferring and finishing college at SUNY Oneonta. I owe near 80k from my college years. I had two private student loans that were held thru CitiBank for a total of near 20k. Citibank worked with me on deferment, income based repayment, and delaying payments ... Read More »

Can I Settle My Private Student Loan Debt? – Tim

Alone and Lost

“Dear Steve, Unemployed for two years after college, defaulted on one of my private student loans, delinquent on others. Credit is already terrible. I have three private student loans, one of which I have already defaulted on. I recently came in to some money and want to use it to wipe out my student loan debt, or at least as ... Read More »

I Included My Private Student Loans in Bankruptcy But They Were Not Eliminated. – Time

bankruptcy-1

“Dear Steve, I filed bankruptcy in Colorado in in 2010. Student Loans Finance corporation is still harassing me to pay back a private loan. The federal portion of the loan was paid back. They are saying that private student loans are not dischargeable. That is not what I was told. I did not use an attorney when I filed bankruptcy. ... Read More »

I Am a Lawyer With Sallie Mae Loan Debt. Help! – Scott

debt

“Dear Steve, Public interest lawyer 250k in student debt 6k in credit card debt 8k in private credit loan from sallie mae I have a Sallie Mae loan through their private credit department. I used this loan for living expenses while I took the New York bar exam this past summer. Is this the type of loan that you wrote ... Read More »

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