Google

Class Action Lawsuit For Student Debtors

The Student Debt War Project (SDWP) is currently preparing for a national level roll out of class action lawsuits on behalf of student debtors.

If you are an attorney or legal expert or someone working in the legal industry or related field and you would like to consider helping out project (either as a volunteer or paid professional), please go the Class Action Group sign-up page. If you are a student debtor who would like to possibly join with a class action lawsuit in your state, then please go the Join Student Debtor Class Action Lawsuits sign-up page (when a suit is ready to launch, you will be contacted only then).

UPDATE: See also: Lawsuits Aim To Free Student Debtors From Lifetime Bondage

7 Comments add one

  1. Tim Henderson says:

    Since graduating from Clemson University in August of 2006 and doing a consolidation loan with Nelnet because of the enticement a 6 month deferment. My loans have gone from 28K to over 56K because I was unable to find a job that paid enough to pay down the debt. Now 7 years later I’m finally going to be making enough income to start paying off the loan. I feel that Nelnet making nearly a 12% interest rate off my debt during an abysmal economy is outrageous and the loan was a case of predatory lending.

  2. brenda espino says:

    WHY ISN’T THERE A BETTER WAY? I AM HOMELESS AND JOBLESS FOR OVER 4 YEARS NOW AND STRUGGLING TO STAY OFF THE CURB!!!!! I CAN BARELY AFFORD A MERE $20/MO, YET AM BEING HARASSED BEYOND BELIEF……AND TO TOP IT ALL OFF…..FOOD STAMPS WANT THEIR MONEY BACK FROM A DISABLED VETERAN!!! I CANNOT EVEN GET A JOB WITHOUT A PHYSICAL ADDRESS…..THIS JUST GOES ROUND AND ROUND WITH NO END IN SIGHT AND MOUNTING DEBT THAT MAY NEVER GET PAID…..IN TODAY’S ECONOMY THE FED SHOULD JUST DROP THE MOUNTING FEES AND STICK WITH THE PRINCIPLE ONLY TO BE REPAID….THEY ARE LOSING WAAAAAAAY MORE MONEY LETTING ALL THAT STACK UP, AS AT MY AGE, I MAY NEVER GET ANOTHER JOB….THEY COMING TO TAKE MY BLOOD???????? I AM HOMELESS…..FIND ME!!!

  3. Chloe says:

    Interested in participating in any graduate school student loan class action lawsuits/ or assisting in any way I can. After 84K in student debt for an MBA program with no job assistance 2.5 years later it was a joke and Im in debt for a poor quality program that resulted in no placement for our entire participating class. My student loans were under both Stafford and Private loan programs with Department of Education Great Lakes and ACS lenders. Please write me back and advise. Thanks. chloesmom227@gmail.com

  4. chloewink says:

    Completed my $67k MBA in 2010 for an 18 month program where my actual total loan amount for some reason was $84k not sure why. However my graduating class didn’t receive many of the classes we were promised and paid for, more so their employment assistance and placement department was a joke. I’m aware that no one can guarantee employment post a degree, but to have zero accountability for a very expensive education that is already gauging students not offering that which they were promised in classes or the quality for those classes they recieved but further have no accountability or assistance in their graduating students success rate of new employment is a sham and unnacceptable. not only did my graduating class have zero placement but many prior to my class and those after our graduating class recieved the same level of quality in the program which was nill at best. I myself couldn’t leave my current job for a better opportunity i believed this program would deliver along with the skills and tools to become more marketable and knowledgable. I stayed at the same rate in salary for an additional 2 yrs then found another job on my own that after a consolidation resulted in 7 months of unemployment and mounting unnecessary debt that I could have been in the same situation for without the debt of this program that benefited me none. My lenders- 4 total stafford and grad plus loans from ACS/ great lakes/ wachovia, Dept of education. Ive paid more than half of my student loans through my parents assistance at age 33, though I still have outstanding debt. I want to participate in any and all class action suits for the full amount of the program cost and lender fees $84k+ and am happy to participate and sign anything I can in support of your efforts to fight the cycle of this injustice. Please tell me who to contact? Requirements for eligibility in my pursuits of this class action or other related actions. Email me: chloesmom227@gmail.com

  5. Pop Jennings says:

    Since leaving school for financial aid reasons, I been in defaulting, do not have a degree but I do have a hefty student loan bill with interest. I was encourage to take out a loan despite having a scholarship
    27 years later, four children, wife and unemployed now, I don’t know how to get back my life. PREDATORY LENDING COMES TO MIND. BANK & SCHOOLS are very similar to mortgage lenders lending to people that they KNOW CAN’T PAY THEM BACK. Is there anyone willing to sign on to a CLASS ACTION SUIT AGAINST DEPARTMENT OF EDUCATION & THE BANKS THAT ARE INVOLVED.

  6. Terry Riggs says:

    In 2008, I was convinced by The US Dept of Education to have them takeover my defaulted student loan from Texas Guaranteed Student Loan. I was paying the loan, but would remain in default until paid in full. I was paying 280.00/mo. Having the US dept of Education take over the Loan was suppose to 1) remove it from default status 2)lower the interest rate 3) lower my monthly payment. Once I agreed and submitted the paperwork for the remaining 23,750 I owed the Texas Guaranteed Student loan I was instructed I would recieve the new monthly billing date and amount within 30 days. Within 14 days I recieved the new Balance of 58,000.00 and a monthly payment of 750.00/mo. I contacted the US Dept of Education and asked why The balance was 35000.00 more than my original balance of 23,750.00. The individual informed me that is what I owe and I WILL pay it. According to the Law, I have 30 days after notification of a debt to dispute the debt in writing, which I did. The next letter a week after filing my dispute I was informed the account was in collections and I now owe 76,000.00. Apparently, collections added 18,000.00 for collection fees. I again protested and requested a verification of debt. I never recieved another correspondance from USDE until July 2014. According to the law, Collection was to stop, until the matter was resolved (debt verified). The account was passed repeatedly from collection agency to collection agency and each time I re-emphasize the ongoing dispute and request a Verification of debt. Only one collection agency provided me with the documentation they were provided, which was my original documentation of 23,750.00 in 2008. Now the USDE has begun Garnishing my wages for 15% of my disposable income. They have violated Texas State and Federal Laws for the past 6 years without providing the documentation of original debt. The latest “Bill” states I owe 80,000.00, 42000,00 student loan (down from 58,000???) but 23,000 interest and 6,000. for fees. To date, I still have not been provided any documentation for the 35,000 they added to the original Balance. Additionally, they have again violated my rights as a consumer.

  7. Tricia Frye says:

    I have a student loan with nelnet. I have been paying on it for year. I only owe about $3700 now but that is because I have been paying on it over many years. Granted here and there I have had to take a deferrment, foreberence or lower my monthly payment but I still have done what I needed to do every month as I should according to their stipulations. They have been great up until just recently. I have online billing and go to pay my bill and granted I would pay my bill maybe 15 days late so I would always get a double bill, however, when I would rarely go beyond the 30 day mark. I would go online to pay my bill and it would usually state I would owe one month or two. So I would pay the past due amount and then pay my next bill the next month. At this point I was on the reduced payment plan. One day I get a call out of the blue telling me I am over a half a year past due. I am in horror and shock. I go on line. Mind you I was just on there three days prior and paid my bill and it stated I owed $43.00. Now it states I owe $505. First of all I asked them if I was over a half a year past due they wait a half a year to call someone? does that seem right to you I asked the representative. Well after about two weeks of total stress and anxiety and many phone calls. They said they had to do a forebence to get me back current however, that my credit would be effected. So now I have to try and get that fixed for their stupid error. I have all my statements printed. Now I don’t trust them. Every time I go on their websit I am going to print what their screen says. SO I have it as proof. At this same time this going on I was going to try and purchase a house and my credit score was dropped terribly due to their tacking this horrible information on my credit score. I am furious with them. I wish there was more I could do.

Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current ye@r *