People paying for college with Student Loans are fools. I had no choice but to use them and was 100% lied to by the University I attended. I was told I would have the option of various payment plans, but truth be told, you do not. There are a couple options, but if they do not fit into your budget, you are simply out of luck. After Sallie Mae stuck me in 'default', I had to fight this in court. Guess what? You lose. You cannot argue student loans in court, regardless of what you think or have been told. The court will not necessarily agree with you taking a 25 year repayment plan either. In my case, the court set it up on an 8 year repayment plan, even though my income is not able to handle that. My fight was with the money I had not accepted my Senior year. Sallie Mae had sent my school approximately $12,000, of which I declined as I was working and able to pay myself. That money mysteriously turned up in my loan repayment paperwork and simply because the loan company says they have no record of the money being returned (even though they have no record the check was ever cashed by myself or the university I attended), I am legally obligated to repay the debt. How would you like to have a court side against you when the loan company can verify a check was not cashed? Don't be a fool. Any loan they "claim" you took will have to be repaid, even if you didn't accept it. This is a mafia type service run by crooks and thieves.
well, these people must go through phone numbers and then recall numbers they have called before. So now they have gotten back to me, As before if I don't recognize the number then I don't pick up. I will try and block the number to keep from being bothered.
I see where I have gotten another call from these people. If they are related to student loans then ,yes, I have one. BIG mistake. I consolidated twice with MOHELA. Each time apparently that reset the P&I progressively higher. Winkepedia reported that this company is very profitable for its investors. No mention about the students they burn. The only way for me to stop them is to go to court. IE: DeVry University said I did not qualify for student aid and returned $7000 to MOHELA. MOHELA took the money but has not told me what they did with it. On a single day they notified me that I owed them $67,000 and then on the same day said I owed them $88,000. They took over $3000 from my income last year but won't tell me what or where they did with the money. If I work, they take 15% of my income. Now that I am 65 and qualify for Social Security they will take another 15% from that. For you "kids" under 25 or the new grads with an obligation to MOHELA, you now can look forward to being hounded by these people for the rest of your life until they get what they think is owed to them whether it is correct or not. As far as I am concerned they all got their training from ENRON.