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Money and Finances
Reply to "Trying to negotiate a debt with collection agency"
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[quote=Anonymous] It is true regardless of the loan type. It is ILLEGAL for the school to refuse to give you a transcript because of a debt you owe to someone else. The school has already been paid in full for your time there at the school. Also, it's impossible for a loan holder to act on behalf of the school (as you say) because colleges/universities DON'T participate in collecting of debts...that's an issue with the collection company not the school. If this were the case, millions of graduates every year would not be able to get their transcripts because of defaulted loan debt. The schools are always the middle man between you and the school. We have both fed and private loans so I know I'm 100% correct. If you are having trouble with the school or obtaining your transcript, find a lawyer as you will can and should sue them. Know your rights :)[/quote]
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