9 Unbelievable Student Loan Horror Stories: What Are They?
Well, some of these stories might involve students getting scammed while taking out student loans. For example, there could be cases where the loan providers were not legitimate and the students were left with huge debts and no real education to show for it. Or perhaps a student got sick or had a family emergency during their studies and couldn't continue, but still had to pay back the full loan amount without any leniency from the lender. Another situation could be that the paperwork for the loan was so confusing that students unknowingly signed up for additional fees and charges that made their debt much worse.
There could be a story where a student took out a loan for a degree in a field that they thought would lead to a well - paying job. However, when they graduated, the job market in that field had crashed. They were left with a large debt and no way to pay it back. Another horror story might be about students who had their loans sold to different lenders multiple times. Each time, the new lender had different policies and it became a nightmare to keep track of payments and due dates. Also, some students may have had issues with the loan deferment process. They thought they had successfully deferred their loans, but later found out they were still accruing interest and were in even more debt.
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