Student Loan Cancellation
I graduated from an online computer training school, and after getting a student loan for $28,000 I now owe $64,000 to Sallie Mae. I need to know what I can do. Some things that might help me hopefully are that the school promised me 5 years to utilize their Career Services Dept. after I graduated, which writes resumes and even gets you connected with good employers. But now Bank of America has pulled their funds and the school is closed down. While in the school the Career Services Director (there is only one per location) was fired and replaced by someone who wasn't competent enough to know that you should tell IT students about an IT job fair. I heard about that pay the principle thing, but I was told to make a full payment principle+interest the within the same payment period make another but this time write on the check "To the principle only" to cut down on time and to help my credit score. Is there really anything I can do or do I have to pay these detestable carrions the whole $64,000.