I have student loans that total more than 34k after attending DeVRY university in 2005. During the time while attending the college I did not get a fair education and training. I had instructor did not show much attention to the students or never showed to class. Aswell the career placement was quick to get me out there systems after stating I still need assistance and signed a agreement for there help. Since that time I have been on my own in finding my career and had to defer my loan several times. I tried contacting the school for assitance but referred me to there corporate office. I have not had a solid career/job in which to start paying my loans. I have been told that my loan can be signed off by some close sources, but want to know if there are any options besides that? Thanks
3 responses so far ↓
1 Anna P
That’s the problem with those schools. You are not alone. You are, however, responsible for the loan, as the school has already received the money from the lender/federal government. It’s almost impossible to get the loan “signed off,” and the school will probably not do it. You might try seeing if there are any class action lawsuits against these types of schools that you can join.
2 tngandhkm
From the Department of Education:
School Complaints
Borrowers frequently raise as defenses or objections to repayment of student loans complaints that they have about the quality of the educational services or other acts or omissions by the school they attended. Most of the loans collected by the Department were made by banks or other financial institutions, and the borrower’s loan contract with that lender is separate and distinct from the borrower’s enrollment agreement with the school. Failure by the school to deliver services under the enrollment contract may well give the student a claim against the school, but generally that claim against the school does not excuse you from honoring your separate loan contract with the lender. Students bear responsibility for examining before they enroll whether a school offers training that meets their academic and vocational needs. Borrowers who have claims against schools should raise those claims against the school directly or through State consumer protection licensing authorities.
In some instances the Department treats complaints against a school as valid grounds for reducing or cancelling your obligation to repay a student loan. For example, the Department can reduce the loan liability for borrowers who prove they withdrew from enrollment, and were therefore owed, but did not receive, a refund of tuition and fees.
3 toodaggonhigh72
Hello. How are you? Many students have had good results using the information provided at How-to-get-a-student-loan.com. They have information concerning every aspect of student loans. Also check out ScholarshipSupport.com for scholarships and grants. I hope this helps you. Good Luck!