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Could Your Student Loan Debt Get Wiped Out?

July 18, 2017

I remember last March I looked at the total student loan debt I had accumulated and almost fell over.  Sure, I started college when I was 18-years-old at a state school so that meant it wasn't super expensive. Also, I qualified for grants because my mother passed away when I was only eleven. 

But I didn't do too well my first time in college. All I cared about was being on the college radio station and partying. I guess I can't be completely disgusted with myself because my love for being on the college radio station has turned into a career in radio that will hit the twenty-year mark in December. I did want to finish my degree but ended up changing majors and going to some pretty pricey schools. I finally got my Bachelor's of Arts in Graphic and Web Design last March and even graduated with honors! 

But again, graduating with honors and having all these new skills is great, the debt I have accumulated isn't. 

If you have student loan debt too, there's some good news. Billions of dollars worth of student debt may be wiped out!!! In particular, if you took out a private student loan through Sallie Mae, a popular private student loan provider, you may be in luck. Ugh, I hate Sallie Mae!!!

Tens of thousands of people who took out private loans to pay for college but have not been able to keep up payments may get their debts wiped away because critical paperwork is missing. Essentially they are comparing this student loan debt situation to the housing mortgage crisis ten years ago! 

Students that fall behind in their payments and go into default are being taken to court, but because of this missing paperwork most of these cases are being dropped and the student's loan with the private lender is being erased! 

Please student loan God's let this happen for some of my loan debt! Please!