• Report: #12781

Complaint Review: American Student Assistance Corporation

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  • Submitted: Tue, January 29, 2002
  • Updated: Fri, February 06, 2004

  • Reported By:East Boston MA
American Student Assistance Corporation
330 Stuart Street Boston, Massachusetts U.S.A.
  • Phone: 1-800-999-9080
  • Web:
  • Category: Loans

American Student Assistance Corporation Boston Massachusetts ruining my life for student loans

*Consumer Comment: Any other group loaning out federal dollars would do the same thing

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American Student Assistance is ruining my life for student loan payments I can't afford. I am doing my best to make payments and have been paying something for seven years. ASA's Laywers are using unethical tactics to have captious' issued.

Such as telling me that as long as I'm making payments I don't need to show up for a court date. Then they purposely send notifications of changes so they arrive on the court date.

Then, if they don't extend the court date and I don't show up, they have a captious issued. A captious allows them to demand I show up the very next day wheneverr they want to send it to me, which could be weeks or months later. But, sometimes, when I make arraingments, they extend the court date and I'm taking time off for nothing.

I'm working as Adjunct (temporary) Faculty at Quincy College. I'm barely paid enough to survive and I make payments that I can afford. The payments don't even equal the interest I'm charged. I'll never get them paid off.

I realize I do owe the money but they could lighten up. I assumed I'd be making a decent salary with two masters degrees, a very bad assumption on my part. This is a warning to others don't sell your future watch your student loans like a hawk abd DON'T deal with American Student Assistance Corporation!!!!!

This report was posted on Ripoff Report on 01/29/2002 12:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/American-Student-Assistance-Corporation/Boston-Massachusetts-02116/American-Student-Assistance-Corporation-Boston-Massachusetts-ruining-my-life-for-student-l-12781. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

Any other group loaning out federal dollars would do the same thing

AUTHOR: L - (U.S.A.)

It is very unfortunate that this person is way over their heads with their student loans. Unfortunately, it happens to many students. While in school, the student has a responsibility to understand how much they are borrowing and how much their payments should be when they graduate. One cannot assume they will land in a fantastic, high paying job when they graduate. It is stated clearly in your entrance and exit interviews, and your promissory note that you are the one responsible for your repayment of your loan. No one forced you to take out the loans. American Student Assistance is well in their right to demand this money from you. It is a federal loan and the regulations are clear. American Student Assistance is doing nothing illegal. They are not obligated to "lighten up" on your debt. Any other group loaning out federal dollars would do the same thing. Credit card companies do the same thing. In fact, this person is lucky that his/her tax refunds and wages haven't been garnished. My suggestion? Get a better job with your two Masters Degrees.
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