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Ask The Get Out of Debt Experts

Can I Consolidate My Parent PLUS Student Loans to Lower the Payment?

broken piggybank with dollar notes

“Dear Steve, I have 3 daughters and have borrowed heavily using PLUS loans to finance their education. I see a lot of things available to students who have borrowed. Is there anything available to parents to reduce interest, extend the term, or reduce the monthly payments on the PLUS loans they obtained for their children’s education? Mark” Dear Mark, I’d ... Read More »

    My Co-Signer Went Bankrupt and NCO Financial is Collecting on My Student Loan

    time and money

    “Dear Steve, My private student loan defaulted because my co-signer filed for Chapter 13. It was in good standing as of 20 days ago and now it’s in collections with NCO Financial Systems overnight. Lender bounces me off to Collections. If I talk to them they have an assigned agent to my case who states that this is still in ... Read More »

      I’m a Disabled Nurse But My Loan Are Not Discharged Yet

      Student Loan Corkboard Concept

      “Dear Steve, I went to nursing school in 1990-1993 and acquired a federal student loan. After working as a nurse for ten years and paying on this loan, I became totally and permanently disabled with “NMIL” (No medical Improvement Likely). I have not worked since 2002, my entire income is from Social Security Disability and has been since that time. ... Read More »

        I Went to the Same School as Edward Snowden and it was a Fraud

        snowden

        “Dear Steve, Tech School was a fraud. I attended Computer Career Institute at Johns Hopkins in 2003. After reading the Edward Snowden attended the same ‘school’ and it was found to be a fraud, my blood ran cold. You suggested in a post I just finished reading that the victim file for bankruptcy. I paid my loan in full. How ... Read More »

          Ferry & Nichols Said Barclay’s Bank Sued Me. – Amanda

          Screen Shot 2013-12-18 at 10.49.12 AM

          “Dear Steve, I just received a letter in the mail from Ferry & Nicholas, Inc., which reads almost identical to the letter from them posted on your website. They indicated Barclay’s Bank has filed a claim against me and the Sherrif will serve me soon. They also stated the creditor may attach my checking account. They provided me a case ... Read More »

            Ex-Girlfriend Drove Credit Into Shit Hole. – Victoria

            Blonde Tank Top

            “Dear Steve, My boyfriend is currently in the national guard, but he is home now, I have been dating him for a year and a half. Before I met him, he was stationed in Afghanistan for 13 months (around 2009-2010), while dating another girl. While he was overseas, the girlfriend he had at the time used all his military money ... 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 »

                I’m Disabled, Filed Bankruptcy, But Still Owe on Student Loans

                gears

                “Dear Steve, I was hit by a drunk driver, suffering several acute compression fractures in my neck and back, ribs, discs, etc…and was wheel chair bound. Fortunately, I recovered well, and am more functional than any of treating physicians expected. I was attending the University of Davis, California at the time ( 1991 ) when accident happened. When I was ... Read More »

                  How is Sallie Mae Calculating My Interest?

                  data

                  “Dear Steve, Sallie Mae recently changed payment ‘firms’ that process automatic debit. I’ve noticed in my new online statements that it shows interest being charged from the 16th to the 15th of each month, even thou my payments are shown on the 10th. Like it’s totally there on the form with payment dates listed 5 days before interest accrued dates. ... Read More »

                    My Child Support Counts as Income Says the Bankruptcy Trustee

                    Divorce

                    “Dear Steve, I was divorced 6 years ago and did not received child support for 4 and 1/2 years and gave my ex $25,000 as part of the equity in my home. I accumulated credit card debt trying to maintain the lifestyle of my kids and take care of them. I filed chapter 13 14 months ago and my case ... 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 »

                        I’m Going to File Bankruptcy. Do I Just List My Student Loans? – Jayna

                        Travelers Reflection

                        “Dear Steve, I am claiming bankruptcy and have been unable to secure steady employment since graduation. How would I file my papers to request the discharge of my student loans. Some are private through Well Fargo with a co-signer and some are student loans starting in 2002. The total amount is around $60,000 Jayna” Dear Jayna, You should really work ... Read More »

                          I Filed Bankruptcy and Listed My Student Loan Debt. – Kevin

                          Winter Latice and Pergola

                          “Dear Steve, I had my bankruptcy discharged in April, 2013. I just read your article on discharging student loans, and did not see the school on the list that I attended, I have a loan from sallie mae that is currently with a collection agency. Is there a amendment or special request I can file to see if I can ... Read More »

                            I Saw a Commercial for Student Loan Debt Help. Are They Legit? – Katie

                            asian dragon

                            “Dear Steve, I saw a commercial with a website claiming to help with student loan debt. They listen a website and a phone number. The website was www.studentloansupport.us. Once I filled out a small questionnaire I was notified by phone from the company. A guy named Travis asked for some background info such as Name, where I work, if I ... Read More »

                              If a Parent PLUS Loan Borrower Dies Will the Child Have to Pay it Back? – Cathey

                              Cemetery Caution

                              “Dear Steve, Young lady’s mom had taken out a parent plus loan, the Mom passed. Does the loan automatically become the debt of the student? The student is of course now being told to pay it. I thought since the parent took it out, the debt died when she died. Is there any help in this situation? What happens with ... Read More »

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