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Tag Archives: private student loan

Letters to Release Co-Signer From Private Student Loan

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Sample Letter on How a Borrower Can Release a Co-Signer You may use the sample letter on the next page to ask your loan servicing company for more information about how to release a co-signer. How to use this sample letter: Read the background below. Fill in your information on the sample letter and edit it as needed to fit ... Read More »

My Private Student Loans with Citibank and Sallie Mae Are a Mess

student loan debt

“Dear Steve, I am currently in student loan repayment. I have consolidated my federal loans, but my private loans are a mess. I had 4 through Citibank, but 2 of them were “bought out” by Discover. So now I have 1 monthly payment for my federal loans and 2 monthly payments for my private loans. I also have another private ... Read More »

I Have Loads of Student Loan Debt Buy No Degree. – Shane

black-hole

Dear Steve, I went away to school my freshman year for college. I transferred to 4 more schools and have yet to obtain a degree. I’ve been taking a class here and there, sometimes dropping the class. That freshman year, I had a private student loan (Lehman brothers, soon to be bought out by Wells Fargo). I work full time ... Read More »

I Need Immediate Help With My Wells Fargo Private Student Loan. – Jenny

worried

“Dear Steve, I need help IMMEDIATELY PLEASE! My mother had no knowledge of how to apply for a Wells Fargo loan and when they asked who the loan was for, she put my name, which somehow made me a cosigner. After I graduated they paid on this loan until they had to file for bankruptcy…for reasons not their doing… and ... Read More »

Private Student Loan Lender Wants to Garnish My Wages. – Adriana

young woman protects little girl from wind in garden

“Dear Steve, Defaulted loans on private college I have been getting emails and calls saying that my loans have defaulted and my wages and taxes are at risk to be garnished, I had to withdraw from school due to financial problems as they required an unpaid externship to graduate and I simply could not afford to work 1 month for ... Read More »

I Want to Clean Out My 403b, Pay Off Private Student Loan and Move to Africa. – April

Student Loan Corkboard Concept

“Dear Jon, I am 27 years old. I have a private student loan debt of $8000 + $25,000 in federal student loan debt, and a 403b contribution of $11900 through my current employer. I want to -I will- quit my job in May 2013 and move somewhere in Africa [no job yet]. Question: I want to withdraw all the money ... Read More »

Can I Move to Australia and Get Married if I Have a Delinquent Private Student Loan? – Mike

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“Dear Steve, private student loan debit took out – and never went to school for 2 reasons. One had major issues with the school it’s self. I got a private student loan (thanks to Grandpa co-sign) which was to cover school, room/board, and all other related cost. Bags packed ready to go on the road trip with the parents. Check ... Read More »

How Do I Make My Private Student Loan Lenders Consolidate My Debt? – Shannon

justball-144x125

“Dear Steve, I have insurmountable student loan debt. I know I am not the only person in this situation, but need help especially with how to handle private loan lenders. I hold both federal and private student loans. The federals are easier to deal with, and it seems that there are companies that will help consolitate those types without a ... Read More »

Father Struggles to Pay Dead Son’s Student Loans

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by Marian Wang, ProPublica, A few months after he buried his son, Francisco Reynoso began getting notices in the mail. Then the debt collectors came calling. “They would say, ‘We don’t care what happened with your son, you have to pay us,’” recalled Reynoso, a gardener from Palmdale, Calif. Reynoso’s son, Freddy, had been the pride of his family and ... Read More »

Private Student Loan Help Needed. Pass the Fairness for Struggling Students Act.

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Rachel just sent in a question for me to answer about the hopelessness of private student loan debt. The tragedy of private student loan bondage is one that will sacrifice a generation of hardworking citizens under the hopelessness of private student loan debt if solutions are not made available. Unlike government backed student loans, private student loans offer no real ... Read More »

I Had to Put Expenses on Credit Cards While in College. – John

justball-144x125

“Dear Steve, Graduated college in 2006, have made all my student loan payments on time and in full. By doing this I have had to use credit cards to pay for other things in life. Almost all of my loans are private, because my parents made too much money for me to qualify for government loans. My student loans total ... Read More »

I Missed my Sallie Mae Student Loan Payment. Can They Lower My Payment? – Jo Alice

justball-144x125

“Dear Steve, Got loan from Sallie Mae – private student loan I have not been able to paid my student loan since the monthly due amount is higher than expected (almost my whole paycheck) My account is in default right now. I have several loans from them-different amounts. Some of them are in a collection agency… HELP! Where should I ... Read More »

Can I Be Bailed Out of My Student Loan Like Greece? – Josh

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“Dear Steve, I have a private student from a bank at a very high interest rate(8.25)%. I made few payments but lost my job, now I am doing a job at half my previous salary. I dont have enough income to support my kids and pay the loan as well. The bank says refinancing is not an option. Can i ... Read More »

If I Get a Cosigner for My Private Student Loans Will It Hurt Their Credit If I File Bankruptcy? – Melissa

justball-144x125

“Dear Steve, Thinking about getting a cosigner for a small private student loan, theyre worried about the possibility that their credit will be affected if I ever file bankruptcy, which is highly unlikely, but I know in that case I will have to and plan on always paying my student loans anyways so I dont think it would affect them ... Read More »

Student Loans and Suicide. I’m a Lawyer Living in a Hovel in New York With Private Student Loan Debt and Thinking of Becoming an Escort.

justball-144x125

“Dear Steve, I have defaulted on $90,000 in student loans. The remainder of my loans (I believe they are now somewhere around $100,000) are in forbearance. Last year I made a total of about $40,000, first as a temporary administrative assistant and then as a full-time employee of a corporation. Unable to find a job, I attempted to start my ... Read More »

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