Drowning in Debt

Drowning in Debt

From 2010 to 2016, I borrowed over $130,000 to go to school and get my Bachelors degree in Criminal Justice as well as a Masters degree in Homeland Security & Emergency Management – only to find out that age is a factor for the field that I actually wanted to get into (I am now almost 50 years old), and that I cannot get a job because of my student debt.  The school that I attended (Kaplan University Online – now Purdue University Global) basically lied to me and told me that a) age would not be a factor in the field that I wanted to get into and, b) that there would be assistance in locating a job once I graduated.  The “assistance” that I received was a web link to a resume builder site and the link to the USAJobs.gov website.  There was no actual assistance provided.

Then, the summer that I graduated (2016), I received a letter from FedLoans Servicing… stating that my loan was due to start being paid on.  I was surprised… because I had been under the impression that the repayment wouldn’t start until later… it had only been 4 or 5 months since graduation.  Then, I noticed that it was a Parent Plus loan and the name on it was for M******  H******* (my daughter).  I had not signed anything for a loan for her to go to school!  WTF???

I got on the phone right away, contacting FedLoan Servicing about the situation – but they didn’t want to listen – and still don’t!  I explained to them that I did not sign it.  They wanted me to file Identity Theft charges against my daughter – even though I had no proof that it was her that had signed it.  Well, after having spoken to the police regarding charges, they told me that I would not be able to – that too many years had passed.   I told FedLoan Servicing this, and they basically told me that nothing could be done and I was on the hook for the loan.   They also told me to just consolidate the loan with my other loan (I am on an IDR (Income Driven Repayment Plan) due to the fact that I cannot find any jobs in my area that pay higher than minimum wage… ugh.

So, I tried going that route – the IDR.  I got denied… no explanation, no nothing… just a plain old NO. 

This has caused my original $130,000 loan to balloon to over $160,000 in just a few months… and I am now in danger of defaulting on a loan that is not even mine.

I keep trying to talk to the FedLoan Servicing people, but all I get in response is the canned replies from the site, and if I try to call, all they say is “we’re sorry, there is nothing we can do.”

This has totally wrecked my credit score.  I cannot get a loan, cannot rent anywhere, etc.  

I am so frustrated, fed up, ticked off, feeling helpless, etc… right now.  Ok, yes… I realize that my current situation is directly related to my past actions, and it is no one’s fault but my own that I’m in this situation.  However, as much as I try to change said situation, there are no options for me (that I can see).
I have explained things until I’m blue in the face… but still, those in charge will not budge, they will not try to help.  Things have certainly snowballed… I feel as if I am in a game of dominoes… one falling after the other.   I’m trying to keep my head up; trying to stay positive, but when you do not see a light at the end of the tunnel, you get disheartened.  
All I need is someone who can help me to listen to me… assist me in some way – whether it be simply an idea or suggestion as to the next step to take.  


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