Pissed Consumer - DOE Nightmare - department Of Education

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DOE Nightmare - department Of Education

May 27, 2008

Collectcorp complaint by Nightflier

In 1992 I used the ed assistance program thru my job Fortune 500 Co.) Since it paid after we received our grades, I took out a student loan to pay up front. The 1st semester went as planned. Then the company said they would pay the schools directly - then laid us all off, and never paid the school.

My loan amt was $30K. Collection is now at $57K. I am 53. I am being threatened with wage garnishment, so now must quit my job to escape. I offered $100 a month, and was told they "would not accept" that. It had to be at least $400-$500 "or else." I only bring home $1,600.

I saw a television documentary about the growing number of those in debt committing suicide; a large number of young people killing themselves over student loan/credit card debts. The government and their bulldog agencies do not care. What you can afford to give them will never be good enough.

Time to leave the country. Many European countries have free education, health care, etc., for their residents. Canada is exploring a bill that would discharge student loans after 10 years. Ours are forever.

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Comments (1)

1. Written by X, on 08-08-2008 19:23

Pay your *** bills on time and you wouldn't be in this mess ***!

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