The crushing fat of Michelle Lannon’s college debt — very nearly $200,000 in federal loans and $15,000 in a personal loan — haunts her until she would go to rest. When an unknown number to her cellphone rings, which occurs daily, she tenses up.
“I keep telling myself: ‘Why did i actually do this? Why did we go to college?'” stated Lannon, 48, whom graduated in 2007 and works as an individual advocate for a biotech business in north park.
In present months, the collection methods employed by Navient Corp., among the nation’s student-loan servicing companies that are largest with 12 million customers, is continuing to grow increasingly aggressive, she said: They called her sister; they known as a quantity on her grandmother, whom passed away about ten years ago; they known as a quantity on her father, whom passed away 3 years ago; in addition they started calling her friend and housemate.
“I’m going to be dead, and they are likely to be at their hand to my grave out saying, ‘You owe us a payment,'” Lannon added.
She believes the private loan currently through Navient was set up “illegally” by ITT Technical Institute based on past accusations by the federal government about misconduct while she doesn’t dispute owing money on her federal loans. Continue reading “Student debt flourish with rise in robocalls, advocates state”