New York State Higher Education Informative - Student Loan

Review by leowoman on 2007-04-24
BRONX, NEW YORK -- I took a student loan for wilfred beauty academy years ago. I left before the 90 days, and there after they claimed bankruptcy, which relieved me from paying back money. Yet they coninuously take my income tax refund yet they never garnish my pay they know they weren't supposed to garnish my income tax. I've tried writing,calling and to no avail. Any advice on what else I can do?
Comments:4 Replies - Latest reply on 2007-04-26
Posted by Hugh_Jorgen on 2007-04-25:
Why would the school declaring bankruptcy relieve you from having to repay the loan? They are two transactions. The lender and you have a deal and you and the school have a deal. You might have a claim against the school, but I suspect the loan processor is going to keep coming after you. Since these school loans are usually government backed, it might be worth a call to your state representative to see if they can refer you to someone.
Posted by poppapia on 2007-04-25:
I attended a school many years ago, which has since closed, but as Hugh said, this didn't relieve me from any liability as far as student loans, since these were a loan from the government. As far as the school, I don't think she has any recourse since she withdrew before the school filed bankruptcy.
Posted by bill on 2007-04-25:
I agree with poppapoa and Hugh. NYSHE loansed you the money and regardless of what happened to that money you have to pay them back. NYSHE is not going to forgive the loan because the school went bamkrupt.
Posted by Pomona Guy on 2007-04-26:
How much do you owe?

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