The pandemic “HEROES” act (extreme fucking irony) in 2022 brought all defaulted student loans to “current.” And because they’re Federal loans, the government can still attempt to collect. And they tack on 20+ years’ interest. So for a 3k Perkins loan from 2001, they want an additional $2,750 in interest. And if you MADE PAYMENTS in the past, quelle surprise, they have no record of that.
And instead of being able to talk to the actual Dept of Education, they’ve placed collection agencies like ECSI as their front of house. ECSI will say, only the school can dismiss these charges. So you contact your school, the school expresses incredulity, reaches out to ECSI to tell them the debt has been written off, and then ECSI (aka DoEd) says, nuh-uh.
It’s a system designed to resolve nothing while putting people over a cheese grater from loans they didn’t even need from 2 decades ago.
Well fucking look it up yourself. If you haven’t clued in, I’m describing my own experience. You think I’m posting the ECSI letter and correspondence from my undergrad in the early 2000s here for you?
That wouldn’t be a particularly good proof even if you did. That would just demonstrate something happened once. A sample size of one is, in most cases, not really all that useful. I would say all, but I’m not completely sure there are no exceptions.
The pandemic “HEROES” act (extreme fucking irony) in 2022 brought all defaulted student loans to “current.” And because they’re Federal loans, the government can still attempt to collect. And they tack on 20+ years’ interest. So for a 3k Perkins loan from 2001, they want an additional $2,750 in interest. And if you MADE PAYMENTS in the past, quelle surprise, they have no record of that.
And instead of being able to talk to the actual Dept of Education, they’ve placed collection agencies like ECSI as their front of house. ECSI will say, only the school can dismiss these charges. So you contact your school, the school expresses incredulity, reaches out to ECSI to tell them the debt has been written off, and then ECSI (aka DoEd) says, nuh-uh.
It’s a system designed to resolve nothing while putting people over a cheese grater from loans they didn’t even need from 2 decades ago.
This?
@WrenFeathers@lemmy.world
IDK why there aren’t articles complaining about it
Nothing in that seems to illustrate by example anything the other person is claiming by their anecdotal experience with the matter.
Thank you!
That’s not proof. That’s just further explaining what you said. I’d like to see actual evidence of what you’re suggesting.
Well fucking look it up yourself. If you haven’t clued in, I’m describing my own experience. You think I’m posting the ECSI letter and correspondence from my undergrad in the early 2000s here for you?
Then don’t say things you can’t or won’t back up with anything outside of anecdotal experience.
That wouldn’t be a particularly good proof even if you did. That would just demonstrate something happened once. A sample size of one is, in most cases, not really all that useful. I would say all, but I’m not completely sure there are no exceptions.