By Anonymous - United States - Portland
Today, I found that someone had paid off my $16,500 student loan. I was so excited that I called my family and posted on Facebook about how awesome it was. Then I called the loan company and found out that they had just sold my loan to another company; no one had actually paid it off. FML
Add a comment
You must be logged in to be able to post comments!
Create my account Sign in
Top comments
  Bibliovore  |  26

#18, Rolling Jubilee is actually buying up debt and paying it off, though I think they only do that with debt that's in default. Still, any unexpected change in loan or bill balances should be checked on before making assumptions or not making the next payment.

  booboohoney  |  12

Rolling jubilee also can't touch federal student loans. If this is a private loan that would be a possibility. Pretty much if its a federal loan you have to pay it. Hopefully it's voluntary, if not wages can be garnished as well as taxes offset. You can't hide from a federal debt.

By  MsConfusedd  |  27

Since your parents and facebook friends must have seemed surprised, that might have been a hint that no one you know paid it off for you. False happiness is the worst, enjoy your loan buddy.

By  booboohoney  |  12

Hope you didn't call the new company acting like an asshole because you were so sure it was paid in full. I work at a student loan company. Oh the stories I could tell... Some of you people are real jerks for no reason!!!

  booboohoney  |  12

It doesn't suck. I actually help a lot of people. There are just those few who can't realize the blame really lies in themselves. All the information is presented to you in the very beginning. People want to argue or try to get out of their loan....Excuses are like assholes. Everyone has them and they all stink, people need to learn responsibility.

  charvisioku  |  22

Hmm. In the UK our student loan company is absolutely fucking useless. Tonnes of people get fucked over by them because they know we can't go anywhere else since they're the only student loan company.
The amount of times they've lost peoples' paperwork, failed to send the loan through until weeks (7 weeks in the case of my house mate - she had absolutely no money to live on until the end of term) later, lost peoples' details so they have to be sent again (happened to me multiple times in fact)...
I personally think there needs to be more than 1 company; they clearly can't handle the immense workload.
But yeah, people trying to get out of paying their loans back is pretty ridiculous/out of order. But there are 2 sides to every story.