Page 12 of 12 FirstFirst ... 2101112
Results 111 to 112 of 112

Thread: Recovery In Action: Nearly $300 Billion Student Debt In Default

  1. #111
    Join Date
    Nov 2007


    The reports I am hearing from some of my students, plus a number of first person reports I have read on the net (all posted independent of one another, by different people, in different parts of the country), strongly suggests that they are doing this with student loan payments, too.

    And NOT just West Fargo... BoA is known for doing this too, if the many first person accounts I am heaing from my students and reading on the net are accurate...

  2. #112
    Join Date
    Aug 2009
    N Central Indiana


    I would advise any potential student to stay away from those loans, too, having gone through the whole mess myself. I will say right now that I was to blame as well though by not being very "money-management" savvy .......but, it was a VICIOUS cycle to get into to and I'm embarrassed to admit how many years it took me/us to get out of it. All I will say is that we finally used home equity to pay it all off once and for all to keep the phone from ringing, the constant letters from coming, and to stop the anxiety in general. When my mother in law passed, we then used some of the money my SO inherited to pay the home equity off for good. Money that could have gone elsewhere, and money he used willingly and happily just to stop the nightmare. I still feel gulity about that, for sure. All of that for only 15k in loans! Thank goodness I worked full time while in school and never took out more than I needed.

    What a mess that was! The interest, deferrments, round and round the mulberry bush, over and over and over.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts