Private College Student Loan

help what to do when they take your tax return and apply it to your student loan,?

Educational Credit Management Corp, bought my student loan from Nelnet... my loans just went into default, and I qualify for a deferment. They took $3500 from my tax return, now I see that they are changing me almost $2000 in "collectors fees".. and applying the rest to my loan. I just lost my job and was almost evicted because of this.. what is the deal with these people? Can they really charge you that much in "fees" yeah I was doing well, but then I took a high level -high stress job, as a temp to perm and made nothing.. so I had to take food stamps for me and my son.

Public Comments

1. It is really no good to get behind on student loan payments. You may never see a tax refund* again until you get that resolved.
2. They can charge you the fees but they can't take the fees from your refund and if your offset paid the loan in full minus the fees then you're good and they can't collect the fees. I went through the same thing this year.