The only way you get out of student debt is to die. Your family does not take on that debt.
And even then, the school got paid. No way this should be legal.
There are a number of scam companies which are buying up claims on decedents and trying to collect from their estates, although you are correct about the debt being extinguished by death. I had a elderly client recently pass. Years ago, he had decided to pay off his son's student debt. The son, a teacher, was disabled with chronic Lyme's disease and could only work part time, and the collection company was making life miserable. In fact, he predeceased his father. Well before his and his father's deaths, we had negotiated a lower payoff with the company which had come to own the debt, since the son, being on California disability, was obviously going to die with a lot of the debt still owed. Well, the son died, then his father died. The father never assumed nor signed for the debt. Nevertheless, a scammer bought the claim and had the nerve to call me, the attorney of record for the estate. When she announced to me that she was a lawyer and she was "trying to collect a debt," (she was lying - she wasn't a lawyer, which I didn't know until later), I pronounced back that she was really low-class scum, trying to collect a debt which had already been liquidated. That was the end of it...
Never met you in person, but I suspect if I called you trying to scam your client or their estate, it would be a very unpleasant conversation.
These people are bulletproof. They're psychopathic in personality or they wouldn't be able to do this for a living. It doesn't matter what you call them, so, sometimes, I indulge myself...
Such scammers/con-men/etc. are the main reason I have caller ID. If I don't recognize the caller or number, it never gets answered.
If I get a call from someone not in my phone book, it goes straight to voicemail and I never hear it ring. I do check voicemail at least once a day to make sure nobody important called.
Militaries been doing it for decades. And they even clothe/house you. Head on down to your nearest recruiter!
The military did pay for my education. As a matter of fact they paid my tuition and paid me a monthly BAH. I am not one of those that thinks everyone should join the military. So for those that do not feel inclined to join the military how do they pay for their education?
I agree that college isn't for everyone. But community colleges still cost a lot.
I went to Jeff State first. I was told all the classes would transfer, only about half did. Some where transferred as "credit hours" but not actual classes. I was pretty damn angry when I had to retake structures classes.
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Scholarship, grants, loans? I don't think college should be free. But at the same time, if you attend college it should be for something of value. Again, this whole thing from the 80s on that became the American believe that college guaranteed higher income, better jobs, etc. It did trend that way for a long time but since the 90s, it absolutely doesn't seem to be going that way.
The bolded part is what's sad. I went to a private university that was $18k per year, which was at the time, considered fairly expensive. It's now near $35k per year (20 years later). They have several programs to get kids' education mostly paid for through various grants and it has a large endowment. It is in another state so there are more funds available to help offset the cost (TN). One such program pays for 3 of 4 years and the student pays for the 4th. The school gave alumni information about this program at an area alumni meeting a couple of years ago. Someone asked the school rep how students pay for the fourth year. His response- student loans. The rep said, "Isn't ___________ college's experience worth one year's salary in student loans?" I looked at my friend sitting with me and said, "$35,000 in student loans isn't one year's salary. It is a decade of payments."
The student load program is the greatest deception played on those of middle and lower income...by both the government and the universities. How the schools avoid any liability is beyond me...these loans have financed billions of dollars in buildings and programs...and the students are left holding the bill. Yes, the students should have looked closer...but most of them are financially ignorant at those stages. I know I was...just got lucky that my Dad insisted I work and pay what scholarships could not.
