Comments on: Student Loan Default Rate is On the Rise

By: Kristy

Kristy — Mon, 09 Nov 2009 20:39:42 +0000

They might be able to get a lien against your house, but they can’t force you to sell.

By: ernie v

ernie v — Mon, 09 Nov 2009 20:32:41 +0000

can they get your home for a loan in default ??

By: ernie v

ernie v — Mon, 09 Nov 2009 20:20:35 +0000

We did not know anything about the difference between a student loan and perosnal loan, i co singed for my son that did not finished then when to other school, they send me all this different loan numbers with my name and i call to ask about 16 to 18% interest, they did not negotiated with me, how can pay that kind of interest and how to get down, i thought the government give the $$ to help us, not their agencies.

By: Kristy

Kristy — Wed, 14 Oct 2009 13:57:18 +0000

Tymika, student loans have no statute of limitations, so they never go away. On the otherhand, if you’re not working – you’re right, they should not be active. Have you contacted the department of education about this? Try them at http://ed.gov.