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Tag Archives: private student loan

My Art Institute and Fullsail Student Loans Are Outrageous and Unaffordable

pow

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

    questions

    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 »

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

      certificate_of_deposit

      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 »

        Tell Me How to Remove a Hinson-Hazelwood Judgment From My Credit Report

        law books

        “Dear Steve, I have a loan in Texas (CAL Loan) that went into Judgement about 6 years ago. The principal on the loan is $49,161.47. With Interest and penalties the loan totals $59,388.38. I was under the impression that this was a federal loan, however I have come to understand it is not a federal loan. The lender is Hinson ... Read More »

          Letters to Release Co-Signer From Private Student Loan

          break free from prison pressure or quit job running away towards

          Sample Letter on How a Borrower Can Release a Co-Signer You may use the sample letter on the next page to ask your loan servicing company for more information about how to release a co-signer. How to use this sample letter: Read the background below. Fill in your information on the sample letter and edit it as needed to fit ... Read More »

            My Private Student Loans with Citibank and Sallie Mae Are a Mess

            student loan debt

            “Dear Steve, I am currently in student loan repayment. I have consolidated my federal loans, but my private loans are a mess. I had 4 through Citibank, but 2 of them were “bought out” by Discover. So now I have 1 monthly payment for my federal loans and 2 monthly payments for my private loans. I also have another private ... Read More »

              I Have Loads of Student Loan Debt Buy No Degree. – Shane

              black-hole

              Dear Steve, I went away to school my freshman year for college. I transferred to 4 more schools and have yet to obtain a degree. I’ve been taking a class here and there, sometimes dropping the class. That freshman year, I had a private student loan (Lehman brothers, soon to be bought out by Wells Fargo). I work full time ... Read More »

                I Need Immediate Help With My Wells Fargo Private Student Loan. – Jenny

                worried

                “Dear Steve, I need help IMMEDIATELY PLEASE! My mother had no knowledge of how to apply for a Wells Fargo loan and when they asked who the loan was for, she put my name, which somehow made me a cosigner. After I graduated they paid on this loan until they had to file for bankruptcy…for reasons not their doing… and ... Read More »

                  Private Student Loan Lender Wants to Garnish My Wages. – Adriana

                  young woman protects little girl from wind in garden

                  “Dear Steve, Defaulted loans on private college I have been getting emails and calls saying that my loans have defaulted and my wages and taxes are at risk to be garnished, I had to withdraw from school due to financial problems as they required an unpaid externship to graduate and I simply could not afford to work 1 month for ... 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 »

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

                      Ready to Collapse

                      “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 »

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

                        Ready to Collapse

                        “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 »

                          Father Struggles to Pay Dead Son’s Student Loans

                          Ready to Collapse

                          by Marian Wang, ProPublica, A few months after he buried his son, Francisco Reynoso began getting notices in the mail. Then the debt collectors came calling. “They would say, ‘We don’t care what happened with your son, you have to pay us,'” recalled Reynoso, a gardener from Palmdale, Calif. Reynoso’s son, Freddy, had been the pride of his family and ... Read More »

                            Private Student Loan Help Needed. Pass the Fairness for Struggling Students Act.

                            Ready to Collapse

                            Rachel just sent in a question for me to answer about the hopelessness of private student loan debt. The tragedy of private student loan bondage is one that will sacrifice a generation of hardworking citizens under the hopelessness of private student loan debt if solutions are not made available. Unlike government backed student loans, private student loans offer no real ... Read More »

                              I Had to Put Expenses on Credit Cards While in College. – John

                              Ready to Collapse

                              “Dear Steve, Graduated college in 2006, have made all my student loan payments on time and in full. By doing this I have had to use credit cards to pay for other things in life. Almost all of my loans are private, because my parents made too much money for me to qualify for government loans. My student loans total ... Read More »

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