No. of Recommendations: 0
Congratulations on managing this. I had similar situations, but a high-ranking person at DoEd took a dislike to me. Somehow they accrued interest to my loans even while I was in deferment, then used many Enron-style accounting tricks to add fees and interest. Net result: $10,400 borrowed in 1983 (consolidation year). Total payments to DoEd: $5,900. Total time in (theoretical) deferment, 1983 to 2000: 15 years (out of the 17), during which I made payments. Due as of 1/1/2000: $29,500.

How does that happen?
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.