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Student Loans

Nasty Niece Leaves Aunt Hanging on Sallie Mae Student Loans

Women fighting

“Dear Steve, My wife cosigned on several Sallie Mae loans for her niece. Her neice stopped repaying her loans several years ago and my wife has been paying the interest only since then, which Sallie Mae approved per a phone conversation. They never sent a paper confirmation of the agreement, now they claim she should start paying off principal. When ... Read More »

    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


          “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 »

            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 »

              How is Sallie Mae Calculating My Interest?


              “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 »

                Can I Really Eliminate My Culinary School Student Loans in Bankruptcy?


                “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 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 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 »

                      Need to Get Rid of My Student Loans to Start a Family. – Mike

                      couple working

                      “Dear Steve, Graduated 2006 and now have $12k more debt then original 2 Private Tuition and 4 Private student signature loans with Sallie Mae. Last loan of which was with 1 semester to go for nearly $30k and seems after this article to be def in the category of non education necessity kinds. I am delinquent month after month and ... Read More »

                        Is It True My Brother With Mental Illness Can Eliminate His Student Loans? – Josh


                        “Dear Steve, My younger brother has been diagnosed as a paranoid schizophrenic. He has fought bouts of depression, hallucinations, and paranoia for the last 5-6 years. He has been on numerous different powerful drugs to help him. He, thank god, has finally found one that helps him with some of his symptoms but no way near is he the same ... Read More »

                          Were My Student Loans Eliminated in My Bankruptcy? – Erika


                          “Dear Steve, I obtained a Private Student Loan through Loan to Learn (Educap, inc. 5Star bank) in 2004 for $30,000 that required payment towards a variable interest rate while in school. I have paid on time from 2004-2012 before facing a hardship. With an average monthly payment of $300 (sometimes higher, sometimes lower) I have paid well over $25,000. I ... Read More »

                            Sallie Mae Took Advantage of Me When I Was. – Nicolle


                            “Dear Steve, I have 5 student loans, currently totally about $48,000 after 6+ years of repayment. Two of them are private loans at only about $1,300 each, another private is at about $8,000, my only federal loan is at $11,000, and my bear of a loan is a private loan with Sallie Mae, currently at approximately $26,000 (original borrowed amount ... Read More »

                              Should Me Son Cash Out an Annuity to Pay Off His Student Loans? – Tracy


                              “Dear Steve, My son was given a generous gift of $10,000 by my husband’s aunt. The money was given for “education” and placed in a conservative investment annuity by the aunt. We never did anything with the account but accept the quarterly statements. My son has graduated from college, and is fully employed in his field. His loans are due, ... Read More »

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