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Private loans and school closure
Posted 27 April 2012 - 08:39 PM
Asked I few people if there was something I could do to fight this. Was pretty much told I could try and get them discharged or forgave from the loan originator. No luck there! They wanted to offer up absolutely no help! There were many students who were in the same boat as I. Some were able to get the loans forgiven. I had no such luck! So I felt stuck and just continued to pay. Then Aug of 2011 I lost my job and was unable to pay them. Now I'm in default and they have been sent off to a CA (NES). I just started getting calls and they want 10k upfront and then can make payments. If I got this education I'd man up and pay it but the fact that I did not coupled with the RUDE threats from NES makes me want to fight it!
I have contacted a few local lawyers but they all say the same thing! student loans will never go away! But they would suggest I do a Chap 13. The 3/5 years of low payments will not help! I have spent numerous hours on the net doing research. Just today I found this forum. Hopefully someone may have a suggestion. Thank you
Posted 27 April 2012 - 09:26 PM
Have you done any research on the school to learn why they folded? Were they closed for shady practices or never sanctioned by the Dept of Ed to begin with?
Posted 28 April 2012 - 03:56 PM
Posted 28 April 2012 - 04:07 PM
Posted 28 April 2012 - 08:09 PM
Posted 29 April 2012 - 01:18 AM
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