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Student Loans

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

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“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

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    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

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      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 »

        Can I Just Pay Sallie Mae What I Can Afford To? – Kate

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        “Dear Steve, I will not lament about Sallie Mae; I think we all know how crooked they are. My question is: I owe around 58k and have recently applied for Income Repayment Sensitivity. They have responded with letting me know my payments will be just under 15% of my disposable income. This is too high of a payment. My main ... Read More »

          Is It True That Sallie Mae Loans Have to be Forgiven After 10 Years? – Lynn

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          “Dear Steve, I’m trying to help out my son and his wife. They initially borrowed 64k from Sallie Mae for Student Loans. I believe it was a priviate loan. Through eight years and a couple of consolidations; they are still in trouble paying back the loan. They have tried to keep up on payments but haven’t always. They are seriously ... Read More »

            Can I Move to Australia and Get Married if I Have a Delinquent Private Student Loan? – Mike

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            “Dear Steve, private student loan debit took out – and never went to school for 2 reasons. One had major issues with the school it’s self. I got a private student loan (thanks to Grandpa co-sign) which was to cover school, room/board, and all other related cost. Bags packed ready to go on the road trip with the parents. Check ... Read More »

              I Went to Kartherine Gibbs School and They Suddenly Closed. How Can I Repay My Student Loan? – Christina

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              “Dear Steve, In 2006 I made a loan with Sallie Mae to go to Kartherine Gibbs School in Norristown, PA. Around April 2007 my father got very ill and I had to discontinue with my education to help my father. My father’s wish was to die in his native land, so we packed up and moved to Puerto Rico. Once ... Read More »

                DeVry Called Me and Told Me I Could Qualify for Student Loans. – Maria

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                “Dear Steve, less than a yr ago i ask for online school information…devry called and offer me financial aid together with my career… they told me since i wasn’t with my parents no more that i could qualify for students loan…i started taking classes one by one…than on my first classes my grades drop because wasn’t doing my homework i ... Read More »

                  I Attended the International Academy of Design & Technology IADT in Chicago Won’t Release My Transcript. – Sam

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                  “Dear Steve, I attended IADT in Chicago Fall 1999. I met with an academic adviser who I soon learned was a salesperson not an adviser, I expressed my concern over the high tuition costs and was told that I need to pay an enrollment fee and that the rest would be covered by financial aid and loans. I did what ... Read More »

                    All Sallie Mae Cares About is Getting Money From Me. – Rosa

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                    “Dear Steve, I have private loans with Sallie Mae totaling $37.000 plus federal loans in the amount of $85.000 totaling $127,000. The federal loans are deffered and I am not paying anything, but Sallie Mae gave me two years after I graduated in 2010, paying $150 every 3 month to put the loans in forebereance. In November I will have ... Read More »

                      Sallie Mae Said They Were Willing to Release Me as a Co-Borrower. – David

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                      “Dear Steve, I’ve cosigned 3 Sallie Mae loans and had my signature forged on a fourth loan original principal was $32k. Now with interest, penalties, etc. the balance is about $50K. I’ve no idea where the primary borrower is and his mother (an ex-girlfriend) is somewhere in Florida, but not responded to any phone calls, texts, nor emails since May. ... Read More »

                        I Graduated from Art School With 100K in Private Student Loans. – Mike

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                        “Dear Steve, Graduate from 2 art schools. Certificate in Art Direction. Have worked in the industry and am currently a graphic designer. I am in $100,000 in student loan debt. Its a private loan so from my research and meeting with lawyers Im pretty much out of luck with any other repayment options other then what my lender wants to ... Read More »

                          How Do I Make My Private Student Loan Lenders Consolidate My Debt? – Shannon

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                          “Dear Steve, I have insurmountable student loan debt. I know I am not the only person in this situation, but need help especially with how to handle private loan lenders. I hold both federal and private student loans. The federals are easier to deal with, and it seems that there are companies that will help consolitate those types without a ... Read More »

                            Sallie Mae Student Loan Discharged Under Bankruptcy But I’m Paying It. – Lori

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                            “Dear Steve, Here is a copy of my credit report.it says discharged and then says under creditors comments debt being paid by insurance..that is false i have been paying on this..what do i do Lori” Dear Lori, Thank you for including a copy of the page from your credit report showing the account. It appears you filed a chapter 7 ... Read More »

                              I Filed Bankruptcy on My Sallie Mae Loan And It Says Insurance Paid. – Lori

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                              “Dear Steve, I receieved a student loan back in 1984 and in 2006 i filed bankruptcy. my papers say it was discharged but sally mae said i had to pay then they sent it on to nelnet..my credit report says it was insurance paid..what does that mean? what do i do ive been paying this thing forever. Lori” Dear Lori, ... Read More »

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