STUDENT LOANS ARE AN $85 BILLION A YEAR INDUSTRY, AND THE ACCOMPANYING PRACTICES THAT UNSUSPECTING STUDENTS FALL VICTIM TO ARE THE $85 BILLION ELEPHANT IN THE ROOM. IT'S TIME TO EXPOSE THE BEAST.
In addition to the well publicized scandal that has hit the news recently regarding lenders paying kickbacks to schools for preference, the National Student Loan Database has been used to obtain private information on students who have been bombarded with misleading marketing materials and tactics from various predatory lenders.
Some lenders have gone so far as to mislead students into believing that they are or are in some way affiliated with the Department of Education. Some have consolidated student's loans without their knowlede. The list of atrocities goes on to include illegal and abusive collections tactics.
IT IS UP TO US TO BAND TOGETHER, EDUCATE OURSELVES AND FIGHT BACK AGAINST THESE INJUSTICES.
As someone who has endured a hellish experience dealing with fraudulent and misleading loan companies, I have created what I could not find for myself - a haven for people living with student loan nightmares. A place where students and parents can gather and share information.
DO YOU HAVE A STORY TO TELL? HAVE YOU BEEN MISLED OR MISTREATED BY A LENDER? WHETHER IT BE SALLIE MAE, ACS, AES, CHASE, MY RICH UNCLE - NO MATTER WHO YOU BORROWED FROM OR WHO HAS YOUR LOANS NOW, PLEASE SEND IN YOUR STORIES, AND I WILL POST THEM HERE, SO THAT WE MAY ALL LEARN AND HOPEFULLY SAVE OTHERS FROM THE INJUSTICE WE HAVE ENDURED. IN THE MEANTIME, I WILL BE POSTING RELATED ARTICLES AS THEY BECOME AVAILABLE.
FINALLY, IF YOU ARE A LAWYER WHO DEALS WITH STUDENT LOAN CASES, PLEASE CONTACT ME.