Barclay Career School Ripped Me Off! New York, New York

In 1989 I attended the Barclay Career School in New York City. I was 27 at the time. I was attracted to the school because it offered night classes which gave instruction in word processing and business administration. I was unable to pay for the courses on my own so the administrators convinced me to apply for a U.S. Government Student Load (GSL) for $4,100 which would pay my full tuition. I had attended college at Carnegie Mellon University from 1982 to 1985 but did not graduate so I felt taking these courses at the Barclay Career School would benefit me. I completed the courses and "graduated" with honors. I attended the graduation with my classmates and received a certificate acknowledging my completion of the curriculum. One of the things the school offered was a "lifetime" job placement service. I did get a good job with Cablevision Corporation which lasted from 10/89-6/94 as a Sales/Administrative Assistant position. I discovered shortly after graduating that the Barclay Career School disappeared off the face of the earth. At the time I was working so it didn't effect me, but I was concerned that the school was no longer around for me to use as a reference. I was paying my GSL (loan) but was never able to pay it off in full. Due to the outrageous interest rate I was barely making a dent in it. I ended up going through a rather long period of time of unemployment after my employment term at Cablevision and wasn't paying the student loan. I ended up not paying the loan at all for many years and never hearing from the GSL people and I figured that was the case because the school went out of business and all its services rendered obsolete. Now years later I am having to pay the loan off that has been accumulating interest all this time and I feel this is not right (me having to pay the loan off), because the Barclay Career School completely ripped me (and many others) off. I am investigating how to get this loan payoff cancelled because I can not use the school as a reliable reference and their lifetime job placement service does not exist.