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I signed a Parents Plus loan promissory note to cover a 2200.00 shortfall in my son's first year...After he graduated, I found that they had used my original signature as a proxy for subsequent loans...I have essentially signed a blank check for over 22,000.00...What can I do?

You signed a master promissory note. Did he ever discuss subsequent loans with you?? If not, he took them out fraudulently. You would need to file a police report...he would be subject to criminal charges.

Payments were due to start immediately after dispursement. Did you not notice the increase in balance each year??

Sub: #1 posted on Thu, 08/15/2013 - 10:42

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