Student loan from the 80’s

[cappyzeb]

My DW went to Oprey House dealing school in Las Vegas in the 80’s.

They closed down a long time ago. She hadn’t heard from them in years, and they have never tried to garnish her wages.

We filed jointly last year, and they intercepted our tax returns.

Now we got a dunning letter from CBE Group on 4-26-2007 saying she owes around 2k.

So I would like to DV them to make them validate. If so, then I would need to do it quickly before the 30 days expire.

I’m just wondering if this would be wise?

Maybe it would be better to ignore the letter?

[Cynic]

Tax refund: you can file injured spouse on your portion.

 

You can't DV as it's not your debt. If she DVs she'll get a copy of the p-note and her (non)payment history.

 

There is no SOL and the longer she refuses to pay the more she'll end up paying.

[LynnInMN]

CBE is a US Department of Education collection agency. If they are now representing the DOE for this account, do not ignore it. Not only will they garnish tax returns but they will garnish your dw's wages and they do not need a court order. Sounds like a federal loan....no SOL ever. They can also garnish disability SSI income and SSI.

[tahoesash]

isn't there deferment and/or forgiveness if the school was shut down under certain circumstances?

[LynnInMN]

isn't there deferment and/or forgiveness if the school was shut down under certain circumstances?

 

If the student was in attendance at the time the school closed and the education could not be completed locally,then yes, you can apply for loan forgiveness.

[Cynic]

Details on "closed school" discharge:

 

-only for loans taken out on or after 1/1/1986

-must have been attending the school or on "approved leave of absense" at time school closed, or

-withdrew no more then 90 days before school closed.

 

Like Lynn mentioned you can't have completed the program you were studying at another school.

[InstantNoodles]

FYI you also have about 45 days before they will scrub for employment and if they can find his employer they will start AWG process. They are extremely aggressive with AWG if you do not make an attempt to get this resolved. If it's only $2k that really isn't all that much, I hope you can find a quick resolution

Edited May 19, 2007 by InstantNoodles

[jcs0527]

We make $45 payments to rehabilitate the loan. Please call them or mail them

[LynnInMN]

Do not mail them...they will not negotiate via the mail.

[jcs0527]

I agree with calling, but some people are completely anti-phone. CBE hasn't mislead me yet. I would really call them.

But with student loans do NOT ignore them... they do not go away and they need no judgment to get the money.