• Report: #939722
Complaint Review:

U.S. Department of Education

  • Submitted: Tue, September 11, 2012
  • Updated: Tue, September 11, 2012

  • Reported By: Allen — Florida United States of America
U.S. Department of Education
61 Forsyth St. SW, Suite 19T40 Atlanta, Georgia United States of America

U.S. Department of Education Scam loans keep you in debt Atlanta, Georgia

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The U.S. Department of Education is nothing more than a scam loan business that sets up student loans in a way that can never be paid off.  I have had a $20,400 student loan and have been paying on it for 10 years and today, the pay-off balance is $21,500 with monthly payments of $265.  I can pay on this loan until I die and it will still not be paid off.  I will continue to pay toward my loan because I believe in paying your debts, but the U.S. Department of Education is nothing more than a scam that will keep you in debt for life.  Never late with a payment, only having a one-time, six month period of deferment in a ten year period,  and the loan balance has gone up, never down.  Does anyone see a problem here?  In 2009, I posted this annual statement I received from the U.S. Department of Education, showing the loan balance going up after ten years of payment.  Three years later, in 2012, the balance is still going up!  There is only one word for the U.S. Department of Education and that is scam!

This report was posted on Ripoff Report on 09/11/2012 02:40 PM and is a permanent record located here: http://www.ripoffreport.com/reports/us-department-of-education/atlanta-georgia-30303/us-department-of-education-scam-loans-keep-you-in-debt-atlanta-georgia-939722. 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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