Not sure how many people have seen the news today, but this tickles me to my core. I have a long standing hatred towards my student loans. Unlike what happens in Vegas, Student Loans haunt my dreams and truly have postponed some bigger milestones in my life (Engagement, First Home, Wedding to name a few).
Before I get hit with the, “you signed these loans, that’s what you get!” comments, I’ll be the first to tell you I know. That doesn’t change the fact that they suck. Now on to the article:
Although I don’t expect to receive anything from this, the satisfaction of watching this company burn will pay for itself. I can say there were multiple times I paid my loan on time only to come back the next month with a $200+ addition to my monthly payment for “late” or “delinquent” payments. In reality, the servicers didn’t apply the payment correctly causing some loans to default (this happened more than 5 times off the top of my head). I also didn’t have access to my account online because I had a Co-signer. Sounds absurd to me now, but I was dumb enough to take their word as gold.
Anyways, I hope if you were dealing with them you were able to consolidate or refinance elsewhere to save yourself some headache. As for me, I will be watching this closely, hoping some real change does occur!