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Re: student loan debt


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Posted by Jade (216.130.15.2) on January 28, 2003 at 14:36:14:

In Reply to: Re: student loan debt posted by Eric on January 27, 2003 at 22:13:21:

Is there any way to get it out of the CA's hands and back to the department of education or the guarantor agency? I just started a new job as an independent contractor. My contract states that I am not an employee of theres, and am not allowed to represent myself as such, so I don't know if I'm supposed to put self when asked for an employer or not....

Anyway, I should be better able to start making payments in probably 2 or 3 months, but I'd rather not deal with the collection agency....1. because I don't trust them, for obvious reasons, and 2. because they add 25% to the loan. I really don't want to give any CA's any money. Would a C&D letter to the CA telling them I don't want to work with them, but will make payments to the DOE or the guarantor force them to send it back?

My loan is at about $15,000 now because of added CA fees. I'll be able to pay them about $160 or so a month to get it into rehab, at which time, I should be able to afford around $200 a month or so. I'm afraid the CA is going to want way more a month than I can afford to pay to get it into rehab. I can't really fill out their financial statement becaue they want spouse's info too, and he's not willing to give it to them. I can't blame him, either. He's not responsible for this loan, so it's none of their business, but I don't know that they'll process it without the info, and I don't know if I can get myself in serious trouble by sending it in without the info. They may want you to start paying on it again, but they sure don't make it easy.




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