Consumer Statement:
I was told I would have my payments reduced by paying the $600 over 3 months to have my student loans paid in 10 years. That is false and my loans won[‘t be paid for 20 years. Total rip off.
Consumer Action Taken:
I have contacted them 10 to 15 times over 4 months and they said they could not guarantee the result for which they charged me, only that they could consolidate my loan. I did not need help with that but rather help with getting my loan done in 10 years.
Date This Problem Happened: June 1, 2014
State You Live in: Wisconsin
Race/Ethnicity: White
Age Range: 36-50
Total Amount of Fee Paid: $600
Company Name: National Student Servicing
Company Address:
4 Hutton Centre Suite 220
Santa Ana, CA 92707
Company Telephone Number: 866-740-6035
Website of Company: nationalstudentservicing.com
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Don’t know wtf this woman is saying but I signed up my son for this program. I paid a 499.00 fee. So far I am happy with what’s going on as my son will be paying 119.00 a month for 20 years. This is based on the unsubsidized loans which accrue interest. Subsidized loans don’t. The Government pays for that. I gather this woman didn’t pay attention and she listed a 600 fee to pay off in 3 months when in fact that’s a LIE. The fee is 499 as with any Student Consolidated program under the Obama Student relief Program. Many options to repay. A base amount or an income based amount which is based on your income. Gotta think this woman as I said didn’t pay attention or was smokin some weed at the time it was explained to her or maybe she was flat out drunk
If these companies don’t respond, these complaints are entered into the CFPB database.