In 2010, while unemployed I decided to go back to school to get an MBA in Project Management at Jones International University. I was already working in the field so I thought that the MBA was going to give my career a boost.
While in school I didn't feel I was learning much and I stopped studying for a while because I got a new job and had no time to commit to classes. While this was happening my loan was in forbearance.
At some point I decided to go back to school and I learned that he school was closing. I requested my credits/transcripts to see if I could transfer to another school and finish what I started but it's been 4 years and I still don't know where the transcripts are, and I now have a $55K student loan with Great Lakes.
This debt is crushing my credit, and I don't know what to do to get rid of it. I obviously can't afford the IDR and to be honest, why should I pay for something that I don't have?!
If I try to delete this from my credit, I'll lose the payment history so my scores will tank (0 lates). I am not a public servant so that one is not an option for me. I seriously don't know what to do now.
Your advice is more than welcome!