How to Get Student Loans Forgiven

The US Army Reserves jacked me!

I never would have gone to school and taken on the $5000 debt (which now probably amounts to more than $30K with interests and penalties) were it not for the guarantee I got from the administrators at my Army Reserve unit. I went to them FIRST to make sure they would take care of the the tuition. They had all the information about the school, the courses I was to take, the amount it would cost, 'etc. With their assurances, I enrolled, attended and graduated with a 3.6 GPA. Every quarter I submitted my invoices and statements and not a word was ever said. THEN, I started getting repayment notices from the Fannie Mae and I submitted those and was only then told the loans would NOT be paid!

I got a job in my field of study but was only making $5/hr. With rent, utilities and food expenses I barely had cash enough to put gas in my car. In fact, I rode my bicycle back and forth to work during the week except in the middle of winter when it was just too dang cold. There was no way I could pay the $500/month. Then I lost that job, lost that apartment, the car broke down, I became homeless and have been employed sporadically over the past twenty years. The IRS retains whatever Federal refunds I'm owed to pay towards my student loans which has amounted to more than $7000 but the debt keeps growing and I'm hearing that there is no way I can get from under this unless I die.

Michael P. of GA @ Nov 12, 2009 17:54:44 PM