The Student Loan Debt Forum | The College Investor

Student Loans => Ask a Question => Topic started by: mill1690 on February 23, 2019, 09:47:11 pm

Title: how did it get to this point?
Post by: mill1690 on February 23, 2019, 09:47:11 pm
Hey guys
So i thought i was paying on ALL of my loans for the past 10 years. I took out way too much in student loans when i was in college and i didnt even graduate but i thought my loans had been sold to a private loan company ( discover). I just got a letter from Alltran stating that I owe about 54k. Again I was young and didnt keep the best records of my finances. What im wondering now is how did it take them this long to get a hold of me. I have been paying on a subsidized loan for the past 2 years. If they knew how to contact me for that loan which was clearly through FAFSA how did it take almost 10 years for them to reach out about my un-subsidized loans?! The unsubsidized loans have accrued almost 14k in interest and 8k in fees. I can make the payments but i just didnt know about them! Is there anything I can do? I want to rehab the loans so my credit score isnt completely screwed but I just think its crazy that I have to incur all these fees when I simply wasnt getting the message! Any insight is helpful.
Title: Re: how did it get to this point?
Post by: TheCollegeInvestor on February 25, 2019, 05:38:51 pm
This is why they haven't contacted you:

At the end of the day, as annoying as it is, it's still on you to be on top of it.

I would check everything and make sure you're good to go: