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Private Student Loans

Can I Not Pay My Private Student Loan With a Cosigner?

A businesswoman thinks and does the questions

Question: Dear Steve, I paid my undergraduate degree completely in loans, some federal, most private. The private loan companies include: Discover student loans and Wells Fargo. My loans are sum total of 70,000. I want to go back to graduate school but I’m terrified of getting into more loans. What do you suggest for lenders who have cosigners? Claiming bankruptcy ... Read More »

    AES is Not Willing to Help Me With an Affordable Private Student Loan Payment

    Young stress woman

    Question: Dear Steve, Several years back my married daughter had been working and due do the economy had been losing many jobs. She decided to go back to school to hopefully get a better job. Of course to make all this happen she needed to apply for student loans. In order to get the loans she needed a co-signer. I ... Read More »

      Reporter Discovers Student Loan Shit Your Pants Syndrome #SYP

      Empty toilet paper roll hanging in a restroom

      Question: Dear Steve, I borrowed a grand total of $88,000 in private loans (Sallie Mae) for college. Struggles with health (migraines, vertigo, etc.) forced me to take nearly six years to finish my degree. Since that time, the total has ballooned out to $119,316.52 as I’ve only been able to pay the interest and have had to use forbearance requests ... Read More »

        Should I Stop Paying My Private Student Loans Now?

        Businessman trying to solve a maze questions

        Question: Dear Steve, I graduated in 2006 with over $50k in private student loans. After I graduated, Citi wanted $400/month. Unable to make the payments, I went on years of deferment and forbearance as my loan was bought and sold by several banks and lenders. My loan reached a max of $110,000. I am now 10 years removed from college, ... Read More »

          How Can I Make ACS Verify My Student Loan Balance?

          Magnifying Glass - Q&A

          Question: Dear Steve, Apparently I have a consolidation loan through ACS for double the original amount. I have another consolidation through AES and that amount is consistent (a bit more because of some forbearances). Original amount about 26K, amount they are claiming over 45K. I have sent several formal requests for ACS to substantiate the loan amount only to receive ... Read More »

            My Art Institute and Fullsail Student Loans Are Outrageous and Unaffordable


            Question: Dear Steve, I have obtained private loan debts from for-profit schools such as the Art Institutes and Fullsail. These debts have doubled from the interest alone. I find myself in a cycle: when I do work, all of my income goes to paying the minimum payment, or I go back school, but a legitimate state school to postpone payments. ... Read More »

              What Can I Do to Get Out of Being a Cosigner on a Private Student Loan


              Question: Dear Steve, I co-signed a private student loan in 2005 for my ex-wife (she was not my ex-spouse in 2005). The amount was $10k. Current balance is ~$6,400 and is in deferment (1-2 months left on that). She agreed to pay it post-divorce but fails to do so unless her arm is twisted enough (usually when it becomes 120+ ... Read More »

                Why is Navient Chasing My Cosigner for My Student Loans?


                Question: Dear Steve, I made the mistake of attending a for-profit college and, like most students, took out a bunch of loans to be able to complete my education. Also, like most students, I didn’t know what I’d be getting myself into with private loans, which were taken out with Sallie Mae (now Navient). I’ve been trying unsuccessfully to find ... Read More »

                  I Went to a Scam School and Now I Have Private Student Loan Problems

                  Adult Ed - Questions

                  Question: Dear Steve, I got suckered into a month long school that promised a job as a finance manager at a dealership upon graduation. They had all kinds of people working there with a background in dealership management, so I never thought to ask an F&I manager. Once I graduated, I walked into a dealership to apply, and they laughed ... Read More »

                    How Can I stop Making Payments on My Heald College Private Student Loans?

                    Ask Questions - Button

                    Question: Dear Steve, My student private loan was through chase now its through AES (American Education Services). The school is Heald College graduated in the year 2007. AAS degree in Medical Administration Assistant. When I first applied to the school I was promised to graduate with experience and job placement assistance. Before graduating I asked about an Internship for the ... Read More »

                      Great Lakes Higher Education Authority Says They Can’t Sue Me


                      Question: Dear Steve, In 2001, I took out a private student loan from Great Lakes Higher Education Authority to pay for massage school. After finishing school I took a deferment while seeking work. The payments eventually kicked in and were prohibitively high in combination with high credit card debt and federal student loans. In 2007 I applied for bankruptcy in ... Read More »

                        How Can We Get Collectors to Stop Calling My Father for Student Loan Payments?


                        Question: Dear Steve, My dad is over 75 yrs old with diabetes and needs a break from the creditors that harass him about his granddaughter’s loan from a private christian college she attended. He volunteered but now we want him forgiven for cosigning. How can my daughter and I help him this time around. She pays each time however sometimes ... Read More »

                          Can I Punt This Student Loan Back to My Ex-Wife? – Gene


                          Question: Dear Steve, My parents are signer and co-signer for a huge private student loan over $100,000 which was used to cover expenses for my ex-wife over 10 years ago. We since divorced and as part of our divorce agreement, we divided liabilities on her student debt and removed her name from some of the loans (the loan company then ... Read More »

                            NJClass and Nelnet Will Ruin Our Marriage and Lives

                            fear is a prison

                            “Dear Steve, My fiancé has a ridiculous amount of student loan debt. He attended Felician College in Lodi, New Jersey, a private school and has $140,000 in student loan debt from two lenders: NJClass/HESSA and Nelnet. The payment from HESSA is $900/month and the one for Nelnet is $600/month. HESSA is impossible to deal with as it is a private ... Read More »

                              My Degree Isn’t Worth the Tuition I Paid With Massive Student Loans


                              “Dear Steve, I’m not really sure that there is a solution to my issue but you seem to know about student loans so thought I would run it by you. Back in 2007 I wanted to go to school to get into the graphic and web design industry. At the time I was working full time so was exploring online ... Read More »

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