I feel like such an idiot for wasting a year Devry and taking out student loans that are still haunting me 10 years later and no degree to show for it.
I have a $10k student loan that I defaulted, rehabbed, then defaulted again. It's been assigned to the guarantee agency NYSHESC and is considered a collection account.
I have been paying NYSHESC monthly since 2012.
Despite several phone calls to nyshesc I JUST found out I am eligible to consolidate (waiting for application to go thru now) I guess in the past when I called them and asked how can I get the loan to show current I didn't phrase my question exactly the right away, but how can I ask about something I wasn't aware of? (I had heard of consolidating but thought that it didn't apply to me since I only had 1 student loan).
I am so upset that i have wasted over 2 years paying on a collection account when i could have been paying on a consolidated loan. I understand that consolidating won't fix the default but at least i would have had a new positive tradeline that would have some age on it already.
I don't know if I'm more mad at myself for taking out the loans in the first place, or defaulting twice, or for taking the word of the reps at nyshesc.
Before you are granted any kind of loan it should be a prerequisite to take a credit counseling class.
End of rant.....
Question, do you think I'm listed in the caivrs database? Yes the loan is defaulted but does the fact that I'm paying it back to the government monthly help? Would I call the dept of ed to find out? I just want to know if I need to take extra steps after the consolidation to make sure I'm removed from the database since I don't feel I can trust the advise of the reps over the phone at these places.
Thanks for reading
