tag:blogger.com,1999:blog-5452025352696285200.post2779692634312536214..comments2024-02-23T04:59:26.907-05:00Comments on But I Did Everything Right!: Student Loan Company Gives Preferential Treatment to Former Albany ProsecutorAngelhttp://www.blogger.com/profile/07820446523257638689noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5452025352696285200.post-21039612232754145342012-03-15T01:06:16.756-04:002012-03-15T01:06:16.756-04:00Student education loans absolution is the name use...Student education loans absolution is the name used when the government authorities chooses to cancel a whole academic mortgage or a part of it under quite a lot of conditions. If a former higher education student who took advantage of a government academic mortgage to fund his or her higher education or post-college education chooses to undergo government higher education student education loans absolution, he or she should pass a number of qualifications.Payday Loanshttp://www.mypayday.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-5452025352696285200.post-66736531239041802472010-08-23T13:47:24.527-04:002010-08-23T13:47:24.527-04:0010:40, that is a shame. I don't see why you w...10:40, that is a shame. I don't see why you wanted to sit for the Texas Bar. Did you have employment as an attorney lined up? It seems like you made a terrible financial decision. <br /><br />Also, why didn't this clown have his loans paid off within 20 years?Nandohttps://www.blogger.com/profile/06423524039657355134noreply@blogger.comtag:blogger.com,1999:blog-5452025352696285200.post-8007169414787210232010-08-23T10:40:15.749-04:002010-08-23T10:40:15.749-04:00Hey all:
Great website, much appreciated.
You DO...Hey all:<br /><br />Great website, much appreciated.<br /><br />You DO NOT want to go into default on your loans! I have personal experience with this. I defaulted about a year after graduating. I was self employed, so they couldn't garnish my wages. HOWEVER, they ruined my credit score (which was on the way to being ruined already). I stayed "off the grid" for about 6 years and never made a payment. <br /><br />After the 6th year I started to get my life & business turned around and I wanted to sit for the Texas bar. As part of the character fitness, I had to get current on student loan payments. <br /><br />I was paying about $1,600 a month the first year. <br /><br />I have been current on my loan payments for over 5 years now. I was looking at the outstanding balance a few months ago and couldn't figure out why it was so high. The loan company told me (can't get a straight answer) that:<br />A). The 1st year's payments are just "penalty" payments and do not count towards principal or interest.<br />B). OR 1/2 of the 1st years payments are collection fees, and don't count towards interest or principal.<br /><br />Those 1st years payments were a LOT OF MONEY. I am still not practicing, so it was all for nothing....<br /><br />DO NOT LET YOUR LOANS GET DELINQUENT. If you do, the loan companies will run wild with fees...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5452025352696285200.post-20347825166185784822010-08-23T03:27:25.832-04:002010-08-23T03:27:25.832-04:00I wonder how much going to collections really does...I wonder how much going to collections really does to an unemployed person. There are no wages to garnish, most of us are judgment proof anyway. I suppose once you find out, you can figure out how to collect against anybody and it would help you as a lawyer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5452025352696285200.post-43599276576644007512010-08-23T00:23:52.487-04:002010-08-23T00:23:52.487-04:00Good question, Ronson. If he was doing something...Good question, Ronson. If he was doing something like IBR, the way that it works is that you're paying pretty much ONLY interest until the loan is forgiven (and I imagine it was for longer than 10 years, obviously). Then, if you manage to earn more in private practice, you owe the balance plus the unpaid interest. He probably didn't make a dent in the loan and and owed interest as well. But I don't know why he fell behind in payments.Angelhttps://www.blogger.com/profile/07820446523257638689noreply@blogger.comtag:blogger.com,1999:blog-5452025352696285200.post-13558348857627850282010-08-23T00:17:56.688-04:002010-08-23T00:17:56.688-04:00If this guy was a prosecutor for 20 some odd years...If this guy was a prosecutor for 20 some odd years, shouldn't most of his loans be paid off by now?Ronhttps://www.blogger.com/profile/02226563898846242595noreply@blogger.com