- Report: #939722
Complaint Review: U.S. Department of Education - Atlanta Georgia
Reported By:
Allen -
, Florida, United States of America
Submitted:
Updated:
-
Author Confirmed
Why?
U.S. Department of Education
61 Forsyth St. SW, Suite 19T40 Atlanta, 30303 Georgia, United States of America
Phone:
404-974-9450
Web:
http://studentaid.ed.gov/
Categories:
Business Rating:
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U.S. Department of Education Scam loans keep you in debt Atlanta, Georgia
The U.S. Department of Education is nothing more than a scam loan business that sets up student loans in a way that can never be paid off. I have had a $20,400 student loan and have been paying on it for 10 years and today, the pay-off balance is $21,500 with monthly payments of $265. I can pay on this loan until I die and it will still not be paid off. I will continue to pay toward my loan because I believe in paying your debts, but the U.S. Department of Education is nothing more than a scam that will keep you in debt for life. Never late with a payment, only having a one-time, six month period of deferment in a ten year period, and the loan balance has gone up, never down. Does anyone see a problem here? In 2009, I posted this annual statement I received from the U.S. Department of Education, showing the loan balance going up after ten years of payment. Three years later, in 2012, the balance is still going up! There is only one word for the U.S. Department of Education and that is scam!
