Auto deferment?

[toopooor]

Got a letter from Wachovia that my PLUS loan was deferred for 1 yr due to economic hardship. I did not request this - and all they will say is that they have 100's of thousands of loans and things like this just happen. Yeah, right.

 

All i can think is DD put her loans into deferment and they could see this loan (even though its under my SS#) and put all into deferment, not realizing it was a PLUS. (I'm not even sure DD put hers into deferment - her 6 months deferment was up recently and she doesn't have a job yet so i assume she did.)

 

(I'm wondering if this is why it went from Wachovia on the TL to AES/New England within the last month.)

[LynnInMN]

Your account is totally seperate from her's...they would not be able to see it by pulling her SS#. Think you need to call them.

[toopooor]

Your account is totally seperate from her's...they would not be able to see it by pulling her SS#. Think you need to call them.

 

Are you sure? I know the app had her SS# on it (the one i did this AM for another DD needed her SS#).

 

Anyway, i already called and a letter is in the mail - the guy said 'mistakes happen' and insisted they can't refund me the additional interest this costs (about $25) - he actually said because its calculated daily, there is no difference in the interest even though the July payment was never made. Me thinks he needs a loan of his own so he can go to college and learn how interest works.

 

I'm supposed to get an interest credit for auto-debits and on time payments -I'm betting this mistaken deferment will screw that up too.

[LynnInMN]

For plus loans, you alone are the borrower. The student has no liablity and no connection to the loan other than being the student. Her ssi# is not for the debt purpose but to cross reference where the money is sent.

[toopooor]

For plus loans, you alone are the borrower. The student has no liablity and no connection to the loan other than being the student. Her ssi# is not for the debt purpose but to cross reference where the money is sent.

Now i'm even more irritated by this deferment.

 

I talked to DD and her's were still in the 6 months graduation deferment when she went on the hardship deferment.

[toopooor]

One more question - it's a federal loan so which agency or department do i complain to?

 

The loan deal was after xx ontime payments via auto debit, i get an interest credit. They sat on the paperwork for the debit and only processed it after i called to find out why it was not set up yet. Now i suspect this deferment will cost me that reduction. Two mistakes in a yr is two too many.