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Direct Student Loans

Karen of Hopkinsville, KY April 23, 2009

I filled out an application online with Direct Student Student Loan Consolidation and waited for more information about the consolidation. I wanted to ask questions before I considered but they sent the letter stating that I had 10 days but it was sent out late. The letter didn't come until after the April 4th and it was dated March 31st and they paid my creditor off April 9th. I was out of town when the letter came but they still didn't give me 10 day as they said because it was paid off 9 days later. They have my loan set up as if I was paying for a house. Out of 286 on 6 dollars a month will go to my principle.

I called the department to get more information and that is when they told me that the loans were already paid off. That's when I told them I was calling to get more information not to tell them to go ahead with the process. Who can afford to give away 280 a month during this economic hardship? That is a rip off! We need help please have an attorney to call. There are a lot of peolpe online singing the same exact song as mine. The are trying to rip me off. I owe 42,000 and when I am done I will have paid them close to 90,0000.

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