school
Date: Wed, 04/21/2010 - 11:46
school
Hello, Was wondering what anyone could tell me about student loans that were contracted between the studen and the school directly. No outside agency government or private had their hands on this one.
This loan is many years in default and when it went to collections, I had attempted to work out a payment plan but the collection agency refused, they wanted all of it up front. Now through the years I'm sure interest has been tacked on making the amount almost triple what the principle was. When I review my credit report I see that they are continuing to report the debt. Also I should mention that the school is refusing to allow me access to my transcripts until this debt is payed off.
I need to know if there are good websites out there that deal specifically with this type of issue so that I know what my options are. Any advice or info is appreciated.
This loan is many years in default and when it went to collections, I had attempted to work out a payment plan but the collection agency refused, they wanted all of it up front. Now through the years I'm sure interest has been tacked on making the amount almost triple what the principle was. When I review my credit report I see that they are continuing to report the debt. Also I should mention that the school is refusing to allow me access to my transcripts until this debt is payed off.
I need to know if there are good websites out there that deal specifically with this type of issue so that I know what my options are. Any advice or info is appreciated.
That would either be a Perkins loan which technically is federal
That would either be a Perkins loan which technically is federally insured or an institutional loan.
What do you need to know? There is no SOL on student loans, including loans made from a non profit school. When you signed for the loan, you agreed to balance in full on demanad. How much have you saved up to pay?
They can legally hold your transcript hostage until the loan is paid in full.
