Help, My Student-Loan Check Bounced!

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My son passed away in 2009 at the age of 31. Most of his college loans were forgiven. All except Sallie Mae which is guaranteed by Teri. We cannot settle his estate until the TERI bankruptcy is settled and then Sallie Mae can make a final determination. I've written to all companies involved as well as my state amnd federal government representatives. No one seems to be able to help me out. I would really appreciate some closure!

Annette LaBar of PA 2:40PM November 20, 2010

Education is way overpriced, and student loans will put you in hard labor for the rest of your life just to feed the banks that gave you the loans with super high interest rates, which you will be paying for the rest of your life, unless your income is 150k per year (fantasy world).
DEAR STUDENTS, PLEASE DON'T THINK THAT DEGREE IN THIS COUNTRY GUARANTEES A JOB, WHAT IT GUARANTEES IS A SLAVERY FOR LIFE!!!

Arturo of NY 1:55AM May 02, 2010

All college students, say heck no to private college loans!!!!! We must band together and keep together. Injustice has been handed down on a silver platter to all college students when President Bush signed into the bankruptcy reform act in 2005 making it so college students can not file bankruptcy on their private student loans. Teri, loan to learn, and sallie mae charges double and can even triple their interest rates if they so desire and they do. Do not get any more private student loans from these huge banking giants. They can clean you out on everything that you own. They don't care if you have children to feed or a roof to pay for. They take food out of the mouth of babes to pay for their Rolex watches and the Lexus cars. They don't care about how you make it as long as they can get your money. They are bankers without souls or mercy upon their own fellow citizens or neighbors.

sheila bilbrey of MO 3:54AM July 22, 2009

Teri,loan to learn,and sallie mae are lending preditors and prey upon college students for a particular reason. Because we simply will not be allowed to (which we can say many thanks to G. Bush and his croony banking buddies) not be able to file bankruptcy no matter,but, others with unsecured debt such as credit cards can still file bankruptcy no matter what. Bush's banking buddies wanted their friend to sign into law the bankruptcy reform act in 2005 so college students couldn't and wouldn't be permitted to discharge their private college loans in bankruptcy chapter 7. It means that a college student has to pay and is required to pay. They're discriminating agaisnt all college students. These private lenders charge incredibly high interest rates yet these same private lenders if they get into trouble, just like the wall street boys, they are able to file a chapter 11 on their business or chapter 7 in their personal lives. However, college students aren't permitted to, no matter what. You take out a loan for $20,000 dollars and you'll pay double or triple that in high interest rates. Look at what some of these banking preditors have done to the housing market. I am like, OMG!!! Its all about the greed and how much money these big banking giants can collect on their paychecks. To them, their reasoning is just about greed, greed, and more greed. Do not take any more loans out with these lenders. Write to you congressmen or congress women and tell them your circumstances, and tell them that All peopls should have the right to file bankruptcy whether its credit card debt or private student loans. People try to better themselves, and get it double or triple times the interest rates up the blank. These bankers don't care if you are trying to better yourselves or how your going to pay your bills or feed your children. They don't care. They only care about how much interest that they can make off of you. I have a daughter and baby to support. You think they care if my children have a warm meal in their bellies or a roof over their heads. Heck no, do you think that they care about your bills, your home, your children or if your children are crying out for food when their bellies are growling for food. No, they do not! They don't care. Only things in life they care for is whats the latest style of rolex watches coming out on the market and how much faster that they can get it on their wrists. Just think, the interest that they charge you, its going on the brand new Rolex watch that they are sporting around or that brand new MBW, Lexus, and jaguar that they just bought.They could careless how you make it or if your children go to bed hungry and crying late at night for food. College students all over the country should band together. Do not take out no more private college loans. No more injustice. No more discrimination agaisnt us. We are people to and want to be able to feed our families and our babies. Banks take food out of the mouths of babes.

Sheila Bilbrey of MO 3:41AM July 22, 2009

I am a victim of the TERI bankruptcy. I have never in my life been treated so unfairly. I had a $1,500.00 student loan that was recalled due to their bankruptcy. Well, I received the check and cashed it (like any other normal check), I used the scholarship, and 11 days later it was withdrawn from my account without my notification. I had just paid all the monthly bills that month, so I had numerous fees. My fees from this totaled over $3,000.00. I received a check for $1,132.00. Now they are refusing to pay the remainder. I have contacted the BBB three times, getting just a certified letter each time basically saying sorry about your luck. I have tried contacting their attorney, who is incredibly rude. She claims that due to the bankruptcy they are only entitled to pay bank related NSF that they see appropriate to pay. How is this fair, when there was a recording at Astrive stating that I would be reimbursed in full for ANY fees that accrued due to this issue. I have spent months trying to resolve this issue. I have even had to stop taking classes to pick up extra time at work to pay these fees myself. Now tell me how is that fair, when I applied for assistance, and now I am unable to even take the classes that I have been planning on taking because of this situation. I feel like I have exhausted all options. I feel I should be reimbursed the full amount that I am owed. What can I do to get the remainder of the fees paid? Any help would be greatly appreciated. Thanks, Jacqui

Jacqui of MI 1:57AM June 15, 2008

what is the american government doing to help students who can afford college?

of 4:12PM June 14, 2008

I just thought I would update you on the status of the astrive loan
situation. I was told the insufficient funds check was sent out May 1st
and would be to me no later then 7-10 days from there. I called today
May 14th and was told that my check wasn't even sent out yet because
they haven't even looked at my records of insufficent funds yet. They
said when it is looked at they will have an updated status on the
account and will send the check out then? So i was lied to the third
time from these people! Thought you should know!

Chris Blawat of IN 10:31PM May 14, 2008

I am a student at Herron School of Fine Arts, this is my first semester of my senior year, and being soley responsible for the outcome (financial debt) of my education I take these matters very seriously. When Asrive sent me a check that bounced I was furious, and demanded reperations be made. The second loan check was sent out three weeks later, and subsequently did not bounce. As a result of the initial bounced check, I incurred a slew of charges from my band, along with some negative comments on my Personal Credit Report, totaling almost $900! This has been 5 weeks ago, the semester for which the loan was requested is now over, it has been over for 3 weeks, and yet, i am still awaiting compensation for the remainder of my student loan. Not to mention, while i await payment of this $900, i am incurring interest on the student load, so in effect they are getting me for more money before even getting me the money they owe me. I have contacted the Better Business Bureau and submitted a lengthy report, if there is a Class-Action Lawsuit going on against Astrive, Marblehead, or TERI please let the public be aware, so the hundreds of us angry, ripped-off students can congregate their worries into that.
Sincerely,
Dustin Williams

Dustin Williams of IN 2:35PM May 14, 2008

Most media reports on the TERI bankruptcy have minimized the cause of the TERI bankruptcy. The cause was former students defaulting on their loans. The defaults were caused by the inability of the graduates to obtain (or keep) their jobs. Colleges don't want their prospects to learn that they are being trained for nonexistent careers.
One of the biggest causes of this scandal is that employers want "fresh young (inexpensive) blood" - now mostly from employer-designed work visa programs that grow more bloated each year. There are an alphabet soup of visa names such as H-1B or OPT. The bottom line of all of these visa programs is to cause a massive permanent displacement of American citizens from careers that they have training and experience in.
Please use the free citizen activism tools at NumbersUSA.com to demand reforms of these harmful policies.

Dr. Gene Nelson of VA 10:24AM May 14, 2008

Student Borrowers: please, please be cautious when selecting a student loan provider. Talk with your financial aid office and shop around for the best benefits. Many of the Direct to Consumer loans, such as the one mentioned in this article, are not going to be your best deal. Look at the interest rate while you are in school, while you are out of school, does the loan defer should you go back to school, what is the interest rate based upon - LIBOR or PRIME, etc. ? Your caution now can mean big savings later.

Vickie of MI 8:25AM May 14, 2008