Unpaid student loan and sums requested

[cdg]

What is the name of your state? NJ

I borrowed for College with a Federal guaranteed loan 1979-1983.

I moved from the US 16 years ago and never received anything requesting any payment since then despite filing tax returns each year. I am not opposed to reimbursing, but they are claiming4 times the amount, including over 20,000 for "fees and costs". Any recourse?What is the name of your state?

 

[Ohiogal]

Yeah you pay them including the fees and costs. If the loans have been out there for over 20 years then you would have fees, interests and a variety of other charges. You owe it all. Read your promissory note.

 

[cdg]

Well, tht i

 

[cdg]

I was saying that the response is not helpful. They can only add fees that have actually been incurred, not arbitrarily. I have had the fees and penalties removed and have agreed to pay the capital. It is not "all due", but debts are subject to negotiation, even if federally guaranteed or granted.

 

[fairisfair]

I was saying that the response is not helpful. They can only add fees that have actually been incurred, not arbitrarily. I have had the fees and penalties removed and have agreed to pay the capital. It is not "all due", but debts are subject to negotiation, even if federally guaranteed or granted.

and the best of luck with that.

 

[Zigner]

I was saying that the response is not helpful. They can only add fees that have actually been incurred, not arbitrarily. I have had the fees and penalties removed and have agreed to pay the capital. It is not "all due", but debts are subject to negotiation, even if federally guaranteed or granted.

Debts are not "subject" to negotiation. They "may" be negotiated, but the lender is under no obligation to do so.
The fees HAVE been incurred...it's all in your documentation.

However, CDG, you are obviously a person who knows the answers and was only coming here for a pat on the back.