Question: Dear Steve, When I first signed up for Younomics (formerly MyRichUncle) I had a close relative co-sign with me. At the time, we really didn’t understand that the loan was a private one and not a federal one that can be deferred if problems arise. So of course, problems arose and I haven’t paid …
Question: Dear Steve, In addition to gov’t school loans, I received a private loan through Chase bank in 2005. It was sold to another company at some point then finally sold to Navient… of course, I had no say in this. I paid the minimum payment for a decade. Which in essence almost paid it …
Question: Dear Steve, Owe over 65, 000 in Private Student loan debt…..and about 62,000 more in federal debt. I immigrated to Europe about 10 years ago and now have citizenship in my new country of residence. I have been paying my private student loan company whatever I could afford but they put my loan in …
Question: Dear Steve, I co-signed for my daughter on a private student loan (EDUCAP,INC) and unbeknownst to me she got in financial trouble and did not make payments. EDUCAP missed the statute of limitations on collecting from her. I had to file bankruptcy in 2009 CH 13 and they received payments for 5 years. They …
Question: Dear Steve, I co-signed a private student loan for my wife from Wells Fargo for about $19K. We starting paying back on this in Sept 2014. We’ve never missed a payment or been late. We pay $267 a month. Since that time we have paid almost $13K in payments but our principal is still …
Question: Dear Steve, I took a private student loan in order to complete my last year of nursing school. I knew then that the loan would be expensive to pay off but I also knew that once I completed my masters it would be easier to pay off. What I did not anticipate, is that …
Question: Dear Steve, I have over $100000 in debt from nursing school and am recovering from surgery and hardly able to work. When I can work again I won’t be able to work 60 hour work weeks and get the overtime like many nurses. Most of the debt is private loans, only less than 10,000 …
Question: Dear Steve, I graduated from Pace University in 2008 with $104k in student loan debt. The majority of this debt was secured through Signature Student Loans ($87k) with Sallie Mae and then a small debt through Federal Direct Stafford Loans ($17k). I grew up in a single parent home, my mom barely making ends …
Question: I am currently in a massive amount of debt. I currently make 52k a year before taxes and my wife is currently unemployed. I have around $50k in private student loan debt that I have been paying for the past 6 years. I am currently 6 months behind on payments for these loans. I …
Question: Dear Steve, Duke MBA grad, living abroad, Non-US citizen or resident, owing $196,000 to a Credit union in NC. Duke University is my co-signer. Monthly expenses are $2,000 over monthly income. Student loan payments of $1,560 represents 52% of monthly income (around $3,000) Outstanding balance: $196K Monthly payments : $1,562 (fixed) Interest rate: Prime …