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Paying off a old defaulted student loan debt.

Total Posts: 1

Joined 2016-06-15

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Ok this is going to be a little long winded.

In 2003-2004 I went to ITT tech for less than a semester. According to https://www.nslds.ed.gov I owe up to 1441 in student federal loans. IT linked to USAfunds website, which linked me to Pioneer Credit Recovery services who bought my governement loans. They say I owe 1714.48. When I googled their website and clicked on navient collection and entered my information, I got a shock when I found I owed a whole lot more than 1714.48.

I have a private student loan called 6227 College advantage with a total balance of 7509.62. I’m confused how much do I really owe as Navient is showing me my subsidized and unsubidized government loans as paid.

If I pay off the federal debt, will I be able to get a future student loan without repaying the much larger balance. I’ve been in default since 2006 and looking to return to school.

This was in michigan, and from what I understand I fall within the statute of limitations of well over 6 years on the private loan. https://www.edvisors.com/repay-student-loans/private/forgiveness-discharge/statutes-of-limitation/

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Total Posts: 3

Joined 2016-07-31

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Student loans from these diploma mills should be able to be discharged. It’s just insane. I think I’m just going to go get a title loan from some title pawn place and then go file bankruptcy on that. I know it’s sad, but I can’t think of a way out.