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Hi Heather I’m writing to you in the hopes that you will be able to direct me in some way.
I have a student loan that has now incurred interest to $9000.00
I took the loan out in 1894 and was unable to pay it back.
I am in the process of trying to go back to school to earn a degree in nursing. I have made three payments to have my loan released from judgment status.
The people who have my loan had advised me to make 3 consecutive payments of $50.00 which I did.
They said someone would contact me on June 23rd to fill out an application and to choose from 4 consolidators
Sally Mae, Pheea, Great Lakes and Nelnet.
Then said it would take 30 to 60 days for the judgment to be taken off.
At that point I would be able to apply for a new loan and have my transcripts transferred from Queens College.
I have no idea which one to choose I am on SSI and food stamps and not working.
My concern are that these people do not have my best interest at heart and am I getting myself into more debt by consolidating this loan?
I want to go back to school but I have all these Obstacles in my way.
I was hoping you could be so kind as to direct me in the right direction and What would be the best way to proceed.
I would greatly appreciate your advise on this matter
Thanks so much
Fay
Faye needs a lawyer. I’m a member of the National Association of Consumer Advocates, an association of attorneys committed to representing the best interests of consumers. They have a search tool to find local counsel at naca.net