Comments on: Federal Student Loans: To Pay or Not to Pay

By: Tanesha

Tanesha — Thu, 06 Nov 2008 02:22:47 +0000

Are these federal student loans? Is she considered an independent student… emancipated, has a child of her own? If so, then she is liable. Is she is not independent… then she would have likely needed some of your personal financial info, such as tax returns. But either way… the answer to your question is likely yes. I got my first student loan as a minor… I was 17… and I am liable.

By: Caron

Caron — Tue, 04 Nov 2008 20:14:53 +0000

my daughter was 16 when she and only she signed her student loan papers, is she liable since she was a minor?

By: Tanesha

Tanesha — Mon, 03 Nov 2008 05:09:00 +0000

The biggest problem I have with student loans is that most students take them but they do not really need them. Personally, I know I could have finished school without them. But the money was basically given to me, so I took it. And today, I have nothing to show for it except a huge bill… which keeps growing and growing. And you are right; the only thing we can do is pay it off… which I will eventually worry about one day.

By: Tanesha

Tanesha — Mon, 03 Nov 2008 02:30:20 +0000

Wow Jodi, this is really an unfortunate story. Can’t you dispute this debt with the lender? They should be able to provide you with the loan documents and signed checks. If your signature aren’t on these documents then you have a valid case. If I were in your situation… first, I’d ask the lender to prove that I actually applied for and received the money. Second, I’d get a lawyer. That’ll probably cost you some money, but if it can help clear this debt… it’s worth it.

By: Sydney

Sydney — Sat, 18 Oct 2008 16:27:04 +0000

I’m in the exact same position as you are. But eventually… it will come time to pay this thing and it’ll probably be double what it was originally. Many years ago I had cancer and had no job. I had to file bankruptcy to cover other expenses and, of course, the student loan could not be part of that bankruptcy. That’s the biggest crock of you know what ever. SO I’m left with that debt – STILL. I’ve been out of college over 15 years and I’m not even working in the field I went to school for. At some point, I feel like giving up on this thing and if they couldn’t garnish your wages, I probably would and my credit will stink for the rest of my life (or at least another 7 years). I don’t know what to do next, either, but I bet there are a LOT of us out there in this boat and with the economy being what it is today – there should be a provision to forgive these old loans – just like the banks are getting a freakin’ break. Perhaps we can form a movement and get them forgiven? I would be willing to do community service work if I could do it and keep my job that I do for 40 hours a week. That would be fine. But they don’t have that option, either. Short of moving to another country I don’t know what else you can do.

By: j.martinez

j.martinez — Thu, 25 Sep 2008 18:42:59 +0000

wow where to start…i went to denver business college in hawaii…i got the student loans didn’t know much about what i was signing (dumb on my part, much smarter now) the school was a diploma mill i was charged for classes i didn’t take, but still recieved a grade in it…went to class where i had no teacher for months at a time so had to teach myself the computer skills they were supose to be teaching me, they promised job placement after graduation and then the school closed…the office signed checks that were made out to me and even applied for loans that i didn’t even apply for … and now i owe them 46,000 dollars and the least to say is that i couldn’t even get a job in the graphic design field because everything they taught was already passe and once people learned what school i went to they wouldn’t even concider me because of the schools rep and yet her i am ten years later trying to find away of getting out of paying for the loan because i feel i shouldn’t have to pay for something that i didn’t recieve…the school is no more and i can’t even find information on them because they were shut down…what do i do??????????????i can’t keep deferring the loan or putting it in to forebarence…if anyone can give me a hint on which way to turn now it would be nice…thanks jodi