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Student Loans

I Am a Special Education Teacher and Facing a Wage Garnishment for My Student Loans. – Lucinda

teacher

“Dear Steve, I am an special education teacher, been teaching 9 years. My student loans have been garnished, taxes taken as well for the last three years. with the incoming coming out of my paycheck, i lost my apartment twice. The second time, i had lost my teaching certificate for a few months and job position. I am not teaching ... Read More »

    Recent Law School Graduate With Massive Student Loan Debt. Help! – JM

    Student Loan Corkboard Concept

    “Dear Steve, Recent law school graduate. Legal job at $10/hr, part time. $250,000 in loans (includes 4.5 years undergrad and 3 law school without any family assistance or preparation) accruing interest. Required monthly payments at just under $4500/month, can’t afford rent, gas, food, etc. Living tentatively with family. Hopeless and deeply, deeply scared. Waiting IBR request. Completely overwhelmed and desperate. ... Read More »

      I Want to Clean Out My 403b, Pay Off Private Student Loan and Move to Africa. – April

      Student Loan Corkboard Concept

      “Dear Jon, I am 27 years old. I have a private student loan debt of $8000 + $25,000 in federal student loan debt, and a 403b contribution of $11900 through my current employer. I want to -I will- quit my job in May 2013 and move somewhere in Africa [no job yet]. Question: I want to withdraw all the money ... Read More »

        National American University Tossed Me Out of School. I’m a Veteran. – Christopher

        Meeting with Pusht-e Rod leadership

        “Dear Steve, The college I am attending National American Univ. told me they would acknowledge service duty in offering me per credit hour discount. They did not. Now only a few semesters from getting my BS in Applied Management they have literally thrown me out of school saying I have no financial aid left to finish. I have not heard ... Read More »

          Can I Consolidate My Student Loans With Someone Other Than Nelnet? – Linnea

          Screen Shot 2012-12-13 at 2.28.03 PM

          “Dear Steve, I have a situation that not many may be in, so I understand if you can’t answer my question. I worked and went to school, got my bachelor’s, and then did 3 semesters of grad work before dropping out. In total I had about $35k in loans. I was able to consolidate my loans and got a ridiculously ... Read More »

            The Debt Collector Says They Are Going to Garnish My Wages on an Old Student Loan. – Kim

            Student Loan Corkboard Concept

            “Dear Steve, Defaulted student loan; collectors after me; breaking many laws such as harassing me at work etc; no validation notice within 5 days of contact etc. How soon after initial contact from collection agency can they garnish my wages. My angle here is to not panic, do LOTS of research, have my ducks in a row, be smarter than ... Read More »

              I’ll Be Committing Suicide Next Month Because of My Student Loans. – Bradley

              Student Loan Corkboard Concept

              “Dear Jon, Student – Due to illness will be commiting suicide early January If a student with pretty much no estate other than a tv and an xbox was to give said “tv and xbox” away as christmas presents. Then, took out £500-£10,000+ from these various payday loan companies at the maximum amount and time period to pay back (So ... Read More »

                I Am Disabled Due to a Hyper Virus Causing Blindness in One Eye. – Shayna

                hsvcorneal

                “Dear Steve, I have a history of hyper’s virus of both my eyes. My riight eye is totally blindness,and left eye is 20/20 vison. Over the 14 years, my retina doctor Dr. Jacobson It taken me off medication and every time I come off the medication my hyper’s virus returns. I am labeled disable and receive SSI and medicaid. I ... Read More »

                  Can You Show Me How to Settle My Sallie Mae Student Loan Debt I Cosigned For? – Alexandra

                  Student Loan Corkboard Concept

                  “Dear Steve, I am a 76 year old retired professor. I was not educated in this country and my daughter took out all her own loans for her education in the nineties. So in the last five years with out realizing what I was getting into I co-signed for an educational loans for one of my mentees to get an ... Read More »

                    I Need a Debt Settlement Letter I Can Use for My Sallie Mae Student Loans. – Mary

                    Student Loan Corkboard Concept

                    “Dear Steve, settlement offer from collection agency Allied One I want some advice on getting settlement successfully with agency, the loans were originally from Sallie Mae. Hi, I have massive student loan debt through Sallie Mae. With interest and collections fees it has soared from 40k to 80k. I have not paid on the loans and they went into default, ... Read More »

                      I Got Out of the Military, Went to Wyotech, and Now Want to Kill Myself Over Student Loans. – Dustin

                      Screen Shot 2012-11-19 at 5.07.09 PM

                      “Dear Steve, I guess it all started after I got out of the military. I knew I needed to go to school in some capacity to hold a decent paying job. I decided life as an automotive technician would be great, I knew lots of relatives that had a modest life with such a career, which is all I wanted. ... Read More »

                        I Co-Signed for a Sallie Mae Student Loan for an Ex-Boyfriend. – Lisa

                        signing-contract

                        “Dear Steve, When I was 18 I co-signed a Sallie Mae loan for my boyfriend. I am now 29 and we broke up about 2 years ago. He has fallen on hard times and stopped paying his loans and they are coming after me for the money. It is damaging my credit and I may need to move back in ... Read More »

                          I Recently Settled the Balance Due on My Private Student Loans. – Viet

                          Ready to Collapse

                          “Dear Steve, Hi Steve, I just recently settled on my private student loan for less than the total amount that I owe simply because I didn’t want to risk getting sued. The total amount was about $25,000.00. I currently have 4 credit cards, a car loan and 1 personal loan. 3 of my credit cards and personal loan are fairly ... Read More »

                            Student Loan Servicers Suck

                            tired working woman

                            by Marian Wang ProPublica, The parallels between the mortgage market and the student loan industry have been frequently noted. Both involve big borrowing and have a history of lax underwriting by lenders. But the two are also strikingly similar in another way: When it comes to both mortgages and student debt, the servicers, or companies that handle loan payments, sometimes ... Read More »

                              Sallie Mae and American Education Services Generate Most Student Loan Complaints

                              Screen Shot 2012-10-16 at 2.59.51 PM

                              A report out today from the Consumer Financial Protection Bureau outline the major problems facing American’s today when it comes to dealing with private student loans. Not surprisingly, Sallie Mae tops the list of most complained about student loan company, with 46 percent of all private student loan complaints. American Education Services (PHEAA) was a distant second. And while those ... Read More »

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