The student loan companies in this country are out of control. Student loans-both privately and federally-backed-need to be re-included bankruptcy filings (they are currently one of the few debts that are exempt & still must be repaid, even if someone files for bankruptcy).
We need to mandate that all of these companies be REQUIRED to offer flexible repayment plans to those that are seeking them due to financial hardship.Some companies do not offer any sort of assistance,even to those that want to pay, but can't make the full payment.
They also need to be subject to all telephone harassment laws that any other organization or business is held to.Multiple phone calls each day, threatening letters-it all needs to stop.Why are they seemingly above the law in all areas?