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Ask The Get Out of Debt Experts

Reporter Discovers Student Loan Shit Your Pants Syndrome #SYP

Empty toilet paper roll hanging in a restroom

Question: Dear Steve, I borrowed a grand total of $88,000 in private loans (Sallie Mae) for college. Struggles with health (migraines, vertigo, etc.) forced me to take nearly six years to finish my degree. Since that time, the total has ballooned out to $119,316.52 as I’ve only been able to pay the interest and have had to use forbearance requests ... Read More »

    UAE Bank Changed the Terms and Chased Me to UK

    Many multicolor question marks above the head of young man or boy. Making decision thinking uncertainty learning concept. EPS 10 vector illustration no transparency

    “Dear Jon, I have a loan with a UAE bank. I filled in a form stating funds were for investment in the UAE. The bank representative later came to my office and said the bank had refused to lend money for investment but he had filled out a second form himself and they had agreed to provide the loan. So ... Read More »

      I Have a Mental Problem That Leaves Me Unable to Pay My Student Loans

      A businesswoman thinks and does the questions

      Question: Dear Steve, I have a mild psychiatric disorder, and I have my total and permanent disability form accepted. However, I found out that for a three year monitoring period, if I make money over the poverty level, in three years I will have to go back to paying it back. While I’m a responsible woman who can’t pay back ... Read More »

        Can a Collection Company Chase Me in Dubai for Foreign Debt?


        “Dear Jon, Lived in Australia in 2001 and left the country in 2010 due to some situations. To cut the story short, I owe my credit card around $25000 when I left oz. After a while a debt agency started calling me to pay the said amount in behalf of the bank that I owe. However as much as I ... Read More »

          Should I Stop Paying My Private Student Loans Now?

          Businessman trying to solve a maze questions

          Question: Dear Steve, I graduated in 2006 with over $50k in private student loans. After I graduated, Citi wanted $400/month. Unable to make the payments, I went on years of deferment and forbearance as my loan was bought and sold by several banks and lenders. My loan reached a max of $110,000. I am now 10 years removed from college, ... Read More »

            How Can My Husband Get Out of a Spousal Consolidation Loan?

            Portraits of people thinking

            Question: Dear Steve, My husband of 19 years was married previously. He and his ex-wife each had a student loan that she combined into one under her SSI#. These loans are from the 1990’s. When he and I married the loan servicer, Sallie Mae, would not split the loan and so payments were sent in separately. In this time frame ... Read More »

              How Can I Make ACS Verify My Student Loan Balance?

              Magnifying Glass - Q&A

              Question: Dear Steve, Apparently I have a consolidation loan through ACS for double the original amount. I have another consolidation through AES and that amount is consistent (a bit more because of some forbearances). Original amount about 26K, amount they are claiming over 45K. I have sent several formal requests for ACS to substantiate the loan amount only to receive ... Read More »

                Brits Might be Trapped at Border for Unpaid Debts. UK Sucks Sometimes.

                Boom! Comic Speech Bubble, Cartoon.

                “Dear Jon, I came to the UK for my post graduation studies in 2011 and left the UK in 2013 February. I am from India and I came to the UK with my girlfriend who did another course in the UK. But by the time we left the UK, we were in great shortage of money and had to take ... Read More »

                  The Art Institute of Austin Wants to Sue Me Over Student Loan Debt

                  courthouse 1

                  Question: Dear Steve, Hi, I recently graduated from the art institute of Austin. I am constantly being harassed for a balance I owe the school that I do not agree with. I was made an offer to pay off half of my debt and they would pay the rest. I asked for this in writing and never received it. Now ... Read More »

                    Can I Consolidate My Federal and Navient Student Loans?

                    Question Theme

                    Question: Dear Steve, I have two student loans one is from salliemae/navient and the other is a federal loan. Is it possible to consolidate both loans? Frank Answer: Dear Frank, If the Sallie Mae – Navient loan was a private student loan then your only option would be to go for a private student loan consolidation and incorporate the federal ... Read More »

                      Did I Make a Mistake by Agreeing to Pay an Old Payday Loan?

                      payday loan

                      Question: Dear Steve, Payday loan from four years go went unpaid and was sent to collections. When I talked to the debt collector I asked for a letter or something in writing and he said they couldn’t mail me anything because they tried doing that already, but the address they sent the info to was an old address. Not even ... Read More »

                        My Brain Infection Left Me in Decades of Student Loan Debt


                        Question: Dear Steve, I went to a community college about 22 years ago. In order to go I had to take out several loans in the last 6 months of my college life I became extremely ill. I contracted a brain infection that left me with no memory of what I even took in college. I am permanently disabled from ... Read More »

                          How Can I Get Rid of My Student Loans if I Become a Teacher?


                          Question: Dear Steve, So let me start by thanking you for providing an avenue for people like me to ask you questions! I am really grateful for hopefully getting help with my debt problems. I am 24 years old and graduated from college over a year ago and now have over 100k in loans. The details of the loans are ... Read More »

                            My Navient Student Loans Are Almost Paid But How Can I Settle Them?

                            This boot seems to speak about this time of economic loss. Left alone, worked hard and cast aside.

                            Question: Dear Steve, I have $13,364.87 debt in federal school loans through Navient, previously Sallie Mae. I have almost paid off the accrued interest. Only $26.53 of that total is interest. I have been paying since 2000. I have two loans. One was originally $23,972.99 and is now $10,905.11. The other was originally $5,500.00 and is now $2,486.29. Do you ... Read More »

                              People Are Telling Me My Art Institute Student Loans Can Be Forgiven


                              Question: Dear Steve, I’m a student at an Art Institute campus that is closing. Because of that I’ve been receiving several “debt forgiveness” “tips” from Student Optimum Services and American Student Loan Help Center. Are any of these valid? Answer: As far as I am aware, the fifteen Art Institute locations which will no longer enroll new students, are not ... Read More »

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