Joined Sep 2003
L5: Journeyman
Forum Thread
Student loan mysteriously paid off?
December 20, 2011 at
05:49 PM
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I recently went on my student loan website and realized that it's mysteriously paid off on 12/8/11. I'm the only one who knows my account information and very few people even know I have student loans. I researched the web extensively on student loan forgiveness and I definitely don't fit ANY of them by any stretch of the imagination. Has anyone else experienced this? The only thing I have come across is that my FIRST student loan disbursement was on 12/7/01, so 12/8/11 marks a 10 year anniversary. The website gives absolutely no information on how it was paid off, or why. Under "payer", it says "other", nothing else. I've also examined my portfolio to make sure I didn't pay it off myself under a drunken stupor, but nope, nothing there either. Maybe this is just a Christmas present from the government?
ETA: My loan was in good standing and on automatic payment. They automatically take out of my checking account every month on the 28th. I'm anxious to see if they will this month.
ETA: My loan was in good standing and on automatic payment. They automatically take out of my checking account every month on the 28th. I'm anxious to see if they will this month.
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Mine was paid off on 1/12/12 though, also with a description of "other". Another round of transfers perhaps? I have not gotten any letter yet.
So just before bed I decide to do the annual credit report check. My student loan is missing from all three agencies. I'm speechless. Doesn't say paid or anything, it's just suddenly not there. So is it gone if it's not on your credit report? What could've happened?
Collection agencies could never collect (long story). So they eventually turned my loans over to the Department of Education and we went several rounds of hardship for years. When review time came and went this year with not a peep from the DOE it felt odd. Now the credit reports show nothing.
So just before bed I decide to do the annual credit report check. My student loan is missing from all three agencies. I'm speechless. Doesn't say paid or anything, it's just suddenly not there. So is it gone if it's not on your credit report? What could've happened?
Collection agencies could never collect (long story). So they eventually turned my loans over to the Department of Education and we went several rounds of hardship for years. When review time came and went this year with not a peep from the DOE it felt odd. Now the credit reports show nothing.
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So just before bed I decide to do the annual credit report check. My student loan is missing from all three agencies. I'm speechless. Doesn't say paid or anything, it's just suddenly not there. So is it gone if it's not on your credit report? What could've happened?
Collection agencies could never collect (long story). So they eventually turned my loans over to the Department of Education and we went several rounds of hardship for years. When review time came and went this year with not a peep from the DOE it felt odd. Now the credit reports show nothing.
Looks like one credit agency has me possibly confused with someone else and even more bizarre, the loan balance according to the feds is at least $1,000 off. What a mess!
When I bought my home, I have to carry insurance in case something tragic were to happen to the investment property, that the people that had faith in me that I could own that house would be covered...
Same thing when you lease a car...the dealership guaranty me that I will have a car for two years with a warranty, but I have to carry insurance to guaranty I will bring the car back or at least have the money to pay for it if it were to be destroyed.
Yet when I go to college there is not the same relationship as everything else. If I were to get sick, there is no insurance, if I were to not learn anything the school is not responsible... I give $30k to get a line on a resume that says "I learned something, a long time ago"...
And then my first hiring company still has to take a chance on me on the full assumption that a completely different company (school) taught me something to allow me to work well. No one is responsible for anything along the line except for the person that is giving away potentially years worth of labor.
It is just a horrible system.
When I bought my home, I have to carry insurance in case something tragic were to happen to the investment property, that the people that had faith in me that I could own that house would be covered...
Same thing when you lease a car...the dealership guaranty me that I will have a car for two years with a warranty, but I have to carry insurance to guaranty I will bring the car back or at least have the money to pay for it if it were to be destroyed.
Yet when I go to college there is not the same relationship as everything else. If I were to get sick, there is no insurance, if I were to not learn anything the school is not responsible... I give $30k to get a line on a resume that says "I learned something, a long time ago"...
And then my first hiring company still has to take a chance on me on the full assumption that a completely different company (school) taught me something to allow me to work well. No one is responsible for anything along the line except for the person that is giving away potentially years worth of labor.
It is just a horrible system.
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But GPAs are sketchy too and not a 100% image...but colleges know that because otherwise they'd just ask for your GPA on your HS application.
Basically...I'd take my 2.7 GPA with my 20 hrs of work every week over a 3.2 GPA and $20k in bills.