Re: Digest for studentloanjustice@googlegroups.com - 7 Messages in 1 Topic

[Ron Jackson]

If they can reinstate the loans at any time then it is not a “discharge.” It is a perpetual forbearance. I don’t think that is what the law and/or regulations say. I think they only monitor your status for three years from the date of onset of the disabling condition. You should check what the actual law/department regulations say.

--RON


On 4/29/12 2:22 AM, "studentlo...@googlegroups.com" <studentlo...@googlegroups.com> wrote:

 Today's Topic Summary
Group: http://groups.google.com/group/studentloanjustice/topics

• Any comments on this development? <#group_thread_0> [7 Updates]
  

  
Any comments on this development? <http://groups.google.com/group/studentloanjustice/t/7868b4c6607e5dcf>
 

null null <null...@gmail.com> Apr 28 11:55AM -0400  
 
 At this point in time I think some would. The idea of going through the
disability process only to have student loans resurrect years later would
make discussion now where no one gave an iota earlier. As I have repeated
ad nauseum; timing is everything... this is student loan time; now the
topic of the day, so start dusting off those personal experiences like it
was just yesterday & CC the media when you send to the DOEd .
 

 
 

 

Matt M <mgmi...@gmail.com> Apr 28 10:02AM -0700  
 
 I have found that I need to keep a paper-trail on everything, regarding my
discharge.  I received yesterday, an IRS cancellation of debt notice,
listing the Department of Education, as the creditor.  Form: 1099-C.  I
also received several other letters from NELNET regarding this discharge
process.  The letters state very clearly, that at anytime, DOE, decides
that I am no longer disabled, they can change your status back to a
borrower.  It is confusing, as I stated that I also received notice from a
collections agency, that they are the one's who hold the contract with DOE,
and are the one's that I need to contact regarding the disability process.
 
However, per DOE, I can check the status of my disability application:
www.disabilitydischarge.com.  The point is: I save every little bit of
piece of paper, correspondence, etc.  Because I know full well, that the
weasels who are in charge of my disability, will do everything they can to
negate their end of responsibility.  I have everything filed in order.  I
still am fighting Sallie Mae over a private loan, and that is the one that
concerns me.  I have no protections on that.  I have heard two conflicting
opinions: Defaulted private loans can be taken out of social security
disability, like regular student loans, and no, they cannot.  In either
case, it is a nightmare!  I would have never applied for a private loan, if
I knew what I know now.
 
Matt
 
 

 
 

 

null null <null...@gmail.com> Apr 28 07:19PM -0400  
 
 That's odd that although all loans are covered by a guarantor, they can
continue to collect from you. In the case of defaulted mtgs. There is the
final foreclosure * but for a deficiency judgement against you for more
than what the sale was for, thats the end of the collection process. I have
read that student lenders' excuse for the endless collection is that homes,
cars can be recouped but an education cannot. This is the most BS downright
deceptive crock since student lenders are fully backed by us guarantors. So
when collection is fruitless then the lender is reimbursed by the guarantor
who ultimately is the us gov. lenders try to reflect this as A sale but
again the misuse of the term is to intentionally confuse/deceive the
borrower and others. So once the lender is reimbursed by the guarantor, how
is it they can collect a second time from you? Only the us gov who backs
the loans should be able to collect after the final default.
 

 
 

 

null null <null...@gmail.com> Apr 28 07:24PM -0400  
 
 BTW there was another article in the fla sun sentinel or pb post today
reporting that the Fl governor vetoed raising state  higher ed tuition. The
timing is right for these student lenders to be held accountable for their
shady practices IMHO .
 

 
 

 

null null <null...@gmail.com> Apr 28 07:33PM -0400  
 
 Florida lately  has been making a trend of raking it in by way of suing
companies for violating consumer laws. I recommend that if you or your
lender is in fla., make an effort to file a complaint w the Florida dept of
consumer affairs. It's an election campaign year & the governor is intent
on looking good to the voters & lowering expenses raising revenue.
 

 
 

 

Dustin Logan <dml...@gmail.com> Apr 28 06:38PM -0500  
 
 Any particular media outlet?  Over the years, the media hasn't given
one iota, either.  I know, I have tried to contact them, before.
 
 Dustin
 
 

 
 

 

"Mary H. Castanuela" <mhel...@yahoo.com> Apr 28 09:20PM -0700  
 
 Yea-- That's why they're like loan sharks-- they "sell" the loans to SM who then charges uses vey high fees and illegal methods to collect via the collection agencies that are subsidiaries of SM
 
--- On Sat, 4/28/12, null null <null...@gmail.com> wrote:
 
 
From: null null <null...@gmail.com>
Subject: Re: Any comments on this development?
To: "Matt M" <mgmi...@gmail.com>
Cc: studentlo...@googlegroups.com, dml...@gmail.com
Date: Saturday, April 28, 2012, 6:19 PM
 
 
 
That's odd that although all loans are covered by a guarantor, they can continue to collect from you. In the case of defaulted mtgs. There is the final foreclosure * but for a deficiency judgement against you for more than what the sale was for, thats the end of the collection process. I have read that student lenders' excuse for the endless collection is that homes, cars can be recouped but an education cannot. This is the most BS downright deceptive crock since student lenders are fully backed by us guarantors. So when collection is fruitless then the lender is reimbursed by the guarantor who ultimately is the us gov. lenders try to reflect this as A sale but again the misuse of the term is to intentionally confuse/deceive the borrower and others. So once the lender is reimbursed by the guarantor, how is it they can collect a second time from you? Only the us gov who backs the loans should be able to collect after the final default.
On Apr 28, 2012 1:02 PM, "Matt M" <mgmi...@gmail.com> wrote:
 
 
I have found that I need to keep a paper-trail on everything, regarding my discharge.  I received yesterday, an IRS cancellation of debt notice, listing the Department of Education, as the creditor.  Form: 1099-C.  I also received several other letters from NELNET regarding this discharge process.  The letters state very clearly, that at anytime, DOE, decides that I am no longer disabled, they can change your status back to a borrower.  It is confusing, as I stated that I also received notice from a collections agency, that they are the one's who hold the contract with DOE, and are the one's that I need to contact regarding the disability process.
 
 
However, per DOE, I can check the status of my disability application: www.disabilitydischarge.com.  The point is: I save every little bit of piece of paper, correspondence, etc.  Because I know full well, that the weasels who are in charge of my disability, will do everything they can to negate their end of responsibility.  I have everything filed in order.  I still am fighting Sallie Mae over a private loan, and that is the one that concerns me.  I have no protections on that.  I have heard two conflicting opinions: Defaulted private loans can be taken out of social security disability, like regular student loans, and no, they cannot.  In either case, it is a nightmare!  I would have never applied for a private loan, if I knew what I know now.
 
 
Matt
 
 
On Sat, Apr 28, 2012 at 8:55 AM, null null <null...@gmail.com> wrote:
 
 
At this point in time I think some would. The idea of going through the disability process only to have student loans resurrect years later would make discussion now where no one gave an iota earlier. As I have repeated ad nauseum; timing is everything... this is student loan time; now the topic of the day, so start dusting off those personal experiences like it was just yesterday & CC the media when you send to the DOEd .
On Apr 27, 2012 7:25 PM, "Dustin Logan" <dml...@gmail.com> wrote:
 
    Would those same DOE folks be just as sincerely concerned, that I
have been harassed and threatened for the past 13 years, over student
loans that were supposedly discharged back in the early 90's, due to
my permanent disability?  Or, that both the lenders and DOE have now
tried to claim that I never even submitted any paperwork?
 
     Dustin
 
> screws up its hard to locate the true entity to blame & sue.  So far though
> the DOE folks I spoke with seemed sincerely concerned about the problems. I
> doubt they like the contracted cos.
 
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