I took a private student loan in order to complete my last year of nursing school. I knew then that the loan would be expensive to pay off but I also knew that once I completed my masters it would be easier to pay off.
What I did not anticipate, is that the debt would be transferred and that this institution would place a hold on my transcripts until all financial obligations were met.
I was under the impression that as long as I remained in good payment standing that my transcript would be available. With that being said, I am now unable to continue schooling to meet continuous financial obligations. The school in question is Chamberlain College of Nursing which is a branch of DeVry University. They were recently purchased by another organization.
I would like to know is there a way to discharge this debt since they have changed the original terms and conditions?
If you have a transcript hold that would indicate the debt owed is held by the school. Who exactly do you owe, what specifically is it for, and how much is the debt?
I need more information before I can give you guidance. However, this debt sounds less like an external private student loan and more like a school generated debt.
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