Reply to I owe $125,000 in private student loans to one institution. How to get them to settle?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry my typos - I meant it was the only school that offered evening and weekend classes and clinicals - basically a program for adults seeking a career change who already had full time jobs.

The community colleges all had nursing classes and twice weekly 8 hr clinical days Mon - Fri during the day. [/quote]

Was this a for profit college? I am trying to figure out how you had to borrow 40k a year if you still had some income. Also, why didn't you take out federal loans? [/quote]

I was working a minimum wage job, and paying full time daycare.

Yes, this was a for-profit college.

And, once again, my federal loans only covered a fraction of the tuition.

I don't understand all these cynical, accusatory questions. All most of you are doing is rehashing why I am in this position, and not offering any guidance or advice.

If you are just going to keep asking why, why, why - then just stop. It's not constructive at all.[/quote]

OP, I've been following this thread and posting too. Let me explain why the "why, why, why." Please bear with me, this will be a bit long before I get to the point.  Also, please understand I do think people are trying to help you, which is why they're asking so many questions. They're trying to get the facts because the way you laid them out just didn't make any sense to us.  $125K in debt for an associate's degree? What?? The community college wouldn't accept a GED. No Pell Grants? What??  We've been asking "Why, why, why?" because your situation did not make sense to many of us.

For example, I came from a disadvantaged background but  went to Top 30 private university on a Pell Grant, private loans, guaranteed student loans, etc. My BIL went to top rated University of Virginia with just a GED.  I'm sorry to say that it really appears that your private, for-profit college snookered you. I just googled "community college and GED" to verify and from these articles it looks like community colleges DO accept GEDs: http://www.communitycollegereview.com/articles/17  http://www.aacc.nche.edu/About/Positions/Pages/ps11011998.aspx

Did you meet with a community college, or just with the other college's reps?

I suspected from the beginning that this was a "for-profit" college because the story you were telling just didn't ring true to me based on my experience with higher education. The practices of many of these for-profit colleges are highly suspect. Just look at this article from just yesterday: http://www.care2.com/causes/how-to-stop-for-profit-colleges-from-taking-advantage-of-low-income-people.html Here's another one: http://online.wsj.com/news/articles/SB10001424052702303293604579254861650304686

I really think you were preyed upon, seemingly misled with inaccurate information, and I'd love to hear from DCUM lawyers on the board - I think you have a case for a potential lawsuit. 
C'mon BIGLAW DCUM'ers, what do you think? Wouldn't it be awesome if this thread created a class action lawsuit on OP's behalf?

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