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Topic: Student Loan quote of the day...  (Read 1302 times)

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Student Loan quote of the day...
« on: June 30, 2008, 10:37:21 PM »
Me: Hi, I'm calling because I was told that Bank of America, my loan lender, is not servicing loans anymore. Can you tell me what that means for me and the loan I have that's already been approved and has disbursement dates set?

Loan guy: Well, since your approval date is before June 12, it should be okay.

Me:  :o  I'm sorry, you're saying that it should be okay.

Him: Yes

Me: And what if I get all the way to England and the week before school starts I find out that it should have been okay but it isn't and now I have to come up with an extra 20 grand to pay tuition?

Him: Um, let me just double check that for you...

Turns out that because my loan was approved before BoA pulled out June 12, I really will be okay, but I'm having him resend my loan certification and approval letter with today's date on it as insurance. Sheesh...  :)


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Re: Student Loan quote of the day...
« Reply #1 on: July 02, 2008, 02:54:05 PM »
hmmm should i add this to my list of concerns?


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Re: Student Loan quote of the day...
« Reply #2 on: July 02, 2008, 03:48:52 PM »
Depends on who's managing your student loan. I know that several lenders were pulling out of the student loan market. My lender is Bank of America but the loan is being managed by American Student Assistance. You can always give them a call (800.999.9080) if they are handling yours and just double check that everything's okay.


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