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Student Loans

While in Bankruptcy My Student Loan Balance Exploded. – Maria

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“Dear Steve, When I graduated in 1998 I had approx $40,000 in stafford loans. In 2001, I had to file bankruptcy and while in bankruptcy my loans interest was compounded. Now my balance is $94,000 and the majority of the balance is interest. I feel that the interest should not have compounded while I was in bankruptcy. My interest rate ... Read More »

    I’m a Single Mom and Up to My Eyeballs in Student Loan Debt. – Debbie

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    “Dear Steve, Single Mom. In debt up to my eyeballs. College loan from 1985 just wont go away. Originally owed 12, 400, approx. Now I owe over 24,000. I have exhausted all options to get help. I am on a graduated repayment program. The only thing left for me. This means my payment will go up every year until its ... Read More »

      Does the Obama Plan for Student Loan Debt Relief Apply to Me? – Alberto

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      “Dear Steve, I graduated in 2004 and have student loans of approximately $66,000. I consolidated my loans with American Education Services (AES) and I have one payment on two loans (subsidized and unsubsidized). I currently pay 3.5% fixed interest. My loan payment used to be about $265, however, it has recently increased to $340. I’ve been paying on and off ... Read More »

        I’m Trying to Get Back Into School But My Old School is Holding My Transcript. – Danae

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        “Dear Steve, I went to a school in New York for about 1 year I paid the school out of pocket some with the help of a grant after the one year I moved to a different state and decided to go back to school and retake those classes(I did not tell the school I had previously been at a ... Read More »

          How Will Student Loan Reform Help Me Get My Defaulted Loans Back in Shape? – Jennifer

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          “Dear Steve, I defaulted on a student loan and need to get back on my feet. It has CRUSHED my credit (currently at 520) so i do need to improve. How does the new student loan reform affect those that already defaulted? Can those with a defaulted loan get some relief and improve their credit rating? Jennifer” Dear Jennifer, Well ... Read More »

            We Are Having Problems With Alaska Student Loans. – Daren

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            “Dear Steve, This situation applies to both my wife (and by extension me) and my Mom-in-law. Both have “Alaska Student Loans” which total, between them, some $200,000. The original loans were for only about $20,000 in total. My wife and I live in Texas and my Mom-in-law in Florida. We have a couple of questions: (1) While these loans are ... Read More »

              I Now Work for a Non-Profit. Can I Get My Defaulted Student Loan Forgiven? – Terry

              “Dear Steve, I defaulted on my student loan during the recession. (It was a federally insured loan, I’ve been paying on it for 15 years, consolidated once, and it’s still over $30,000, which is what the principal was.) I have found a job again, and contacted the collection agency to get on a payment plan. My new job is at ... Read More »

                I’m Getting My Wages Garnished for a Tractor Trailer School I Never Went To. – Daniel

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                “Dear Steve, 1987 FILLED OUT FOR TRACTOR TRAILER SCHOOL,THE SCHOOL IS IN BOSTON ,THEY CAME TO NEW JERSEY TO TRY TO RECRUIT STUDENTS,DIDNT HAVE LICENSE AND WAS TOLD TO FILL OUT APPLICATION AND WE’LL SEE WHAT WE CAN DO MEANWHILE TRY TO GET YOUR LICENSE ,THATS THE LAST I HEARD UNTIL2010 SAYING I OWE FOR A LOAN . I NEVER ... Read More »

                  Wells Fargo Private Student Loan Problems. – Julia

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                  “Dear Steve, My sister (44) took a loan from Wells Fargo some years ago to go back to school for her MBA. She has had some financial difficulties since then (lay off, divorce etc.), and had an arrangement of interest only payments of about $150/month. She’s saying that Wells Fargo has sold her loan to some company that she cannot ... Read More »

                    My Husband is Dying and Can’t Pay the Student Loans. – Connie

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                    “Dear Steve, Our son has about $70,000 in student loans, my husband is the co borrow on all the loans. Our son is in the army and can’t pay them off. My husband has a rare brain disease and is dying, but for now he is still working but we have so many medical bill and other bill we can ... Read More »

                      ClearPoint is Suggesting a Payment Plan That Does Not Tackle My Student Loan Debt. – Teri

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                      “Dear Steve, I am 26 and a single mom living with my parents. Im not receiving child support but might be soon. I graduated from college but not before a huge mix up had me owing my school 5000 dollars. This money was due a year ago and I’ve been trying to make small payments when I can but its ... Read More »

                        Financial Asset Management Systems is Garnishing My Wages for a Student Loan. – Mima

                        FAMS Studebt Loan Garnishment

                        “Dear Steve, My issue with FAMS/SLM is that I cannot get them to send me any documentation of proof for the debt amount stated on the attached document. I do not deny the student loan I took for my son, but only the additional $8,000. What I find frustrating, is that when I took the loan I was employed at ... Read More »

                          Can I Be Bailed Out of My Student Loan Like Greece? – Josh

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                          “Dear Steve, I have a private student from a bank at a very high interest rate(8.25)%. I made few payments but lost my job, now I am doing a job at half my previous salary. I dont have enough income to support my kids and pay the loan as well. The bank says refinancing is not an option. Can i ... Read More »

                            Can Student Loans Take Part of Our Inheritance? – Lisa

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                            “Dear Steve, My husband is recieving a 22.000.00 inheritnance, he has student loans out there, Student loans take a percentage of his disability, my question is can the Student Loans take his inheritnance money? We want to pay our credit cards off, pay my mother back for money borrowed and put back money in my savings account that he has ... Read More »

                              My Husband Was Ill So He Went to College. – Rhonda

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                              “Dear Steve, My husband be ill and couldn’t go back to job. So he went to college. and now we are drowning in debt. Im at the end of rope just trying to find out how I can pay all this off. wanting the best way to pay debt off Rhonda” Dear Rhonda, I’m not sure where to best start ... Read More »

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