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In 1987, I enrolled in night school with a commercial college. With an agreement ,only if US goverment helped with the loan.Im a Vietnam Vet.I signed a 1500.00 dollar check. Weeks into my enrollment, I learned I was getting no help. I Have the contract thats reads , with VA help. Now to date, I've pay Over 5000.00 for this loan. But Now I'm still oweing 6800.00.Now I hear I can File a discharge because I didnt graduate or have a GED.Is this True?

Posted: Fri Jul 06, 2007 5:54 pm Subject:

If you have overpaid your loan by that much and have proof of that, you definitely need to dispute this debt. I am assuming this is a Federal student loan that you had. If so, contact an FSA Ombudsman, provide them with your documentation and they can help you get this straightened out. The FSA Ombudsman website is http://www.ombudsman.ed.gov/ and you can contact them via e-mail on the site.

Posted: Sat Jul 07, 2007 8:29 pm Subject:

Your agreement would have been with the school, not with the student loan. Thus the agreement would basically be meaningless.

Not graduating is not grounds for cancellation. In some cases not having a GED can cancel a loan but in most cases your dropping out would negate this.

Posted: Sat Jul 07, 2007 8:36 pm Subject:

Since you applied for help thru the VA I would also contact them to see if they had any advice. Try a financial counselor. Good luck!

collector · Posted: Fri Jul 27, 2007 9:19 pm Subject: WRONG WRONG WRONG

you take a loan go to school ONE DAY you owe it allways done in not joking infact even filing banko wont get ride of it sux huh? just pay it dtr

Posted: Sat Jul 28, 2007 4:45 am Subject:

Student loans guaranteed by Federal are not dischargeable in bankruptcy except for very small percent thru hardship.Contact Department of Education for your status of the loan.

Posted: Mon Jul 30, 2007 4:22 pm Subject:

The only way to get discharged I believe is to be dead or disabled to the point where you can't work ever and your benefits certainly won't be able to pay it either. I don't recommend being dead nor disabling yourself.

I'm also not sure if I understand your case correctly. You got a loan for 1500 to go to school but only if you got some money as well from the government? When you didn't get it you had to quit? Then yeah you have to pay back the loan. I think the reason they still say you owe them so much is because of the interest from that many years, and also not paid them cosistently and that added interest and fees. If you did, then follow the advice of HereToHelp and make sure that information is all correct.

Posted: Sat Aug 11, 2007 5:26 pm Subject: Student loans

Dealing with a student loan, myself, I do know it cannot be discharged. You can get a 'hardship' ( not make payments for a year ) only if your payments are up-to-date now. However, the % does keep occuring. I am trying to find a way to cut my %, on my loan. I pay 7%..I started with a $13,000 loan. It's now nearly $21,000. Any advice?/

Posted: Sat Aug 11, 2007 6:53 pm Subject:

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Can I file for a discharge on my student loan?

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