I just consolidated my loans with WDF program. I have
received my first payment statement. Do they change
the payment after reviewing income tax info.? My
phone is not working to call them-so thought I would
ask here. Thanks.

This is outrageous!!
I called to Direct Loan in order to ask about my Deferment Form. The answer machine as always asked me some personal info for authentication purposes which is normal. Later, when I tried to talked with the operator, a lady asked me about my SS#, date of birth, zip code, name, and hang out.

Right away, I got scared, because this is the typical example of a successful identity theft. I’ve heard many identity theft cases just like the one I just mentioned.

The weird thing is that the call at the beginning is legitimate. I know because when I requested some info about my loan, the system successfully provided that info. However, when I request to talk with the operator, I realized that these people are able to show up, ask private info, and hang out.

This is very awful situation for all Direct Loan customers, because this way, these people can have access of as many customers private information as they want.

The worst thing is that these kind of crimes again customers are never solved. In other words, the law never catches these criminals who are playing around.

[SOAPLADY]

You are dealing with a government agency...absolutely nothing outrageous about it. They are simply protecting your privacy. This would be no different than talking with someone from your bank...or the IRS.

I have been going back and forth with a collection agency regarding my efaulted school loan. I know for a fact and so does one of the collection agency reps that the amount that they are claiming I owe is twice the actual amount. What do I do. I have written time and time again requesting actual copies of the promissory notes that I signed and this has fallen on deaf ears. Also my school closed in 2000 due to financial hardship! they are now threatening wage garnishment. What do I do???

[SOAPLADY]

Unless you were in attendance when the school closed its doors, the closed school dispute is moot.

Defaulted student loans are expensive. You have late fees and accrued interest capitalized into your balance before the claim is paid. Then when you default, 18-24% in collection fees are assessed to your balance plus your interest continues to accrue and capitalize. So owing a double what you owed balance is quite common. Log into NSLDS....you should be able to see you balance without collection fees there. Prom notes wont tell you anything other than the balance orginally borrowed. The CA can easily quote your borrowed amount.

Get into repayment. They can and will garnish your wages without a court order if you keep arguing.

my son has federal and private student loans, is there programs (good ones) that are able to consolidate them together?(All loans are in good standing.)

[SOAPLADY]

There is no program that he can consolidate his private and federal loans together. He can consolidate his federal loans with the Direct Loan Program... this might help to ease his federal payment so he can pay more on the private ones.

i do i find out how much more i owe on my wdf loan?

[SOAPLADY]

You can either call them or log into their website. Don't you get a monthly statement?

What is the website for the William Ford student loan agency

[SOAPLADY]

Google is a wonderful tool,

http://www.loanconsolidation.ed.gov/