Can you sue over student loans?

Can you sue over student loans?

Lawsuits for private student loans Your student loan lender won't automatically sue you the day after you miss a payment. The truth is, hiring a law firm and filing a lawsuit against you takes time and money your lender doesn't want to spend. There is a process your student loan will go through before a suit.

Can you go to jail for not paying Sallie Mae?

Technically, you cannot go to jail for not paying your student loans, the Education Department assures borrowers. If you oblige by standard procedures after failing to make student loan payments, getting arrested is not a possibility.

Is there a lawsuit against Great Lakes student loans?

Class Action Great Lakes is one of the companies named in a class-action lawsuit. The suit alleges that Great Lakes mishandled CARES pandemic relief efforts by illegally providing inaccurate information to the major credit bureaus, damaging student loan borrowers' credit reports.

Is Great Lakes Educational Loan Services Legitimate?

Is Great Lakes legitimate? Yes, Great Lakes Educational Loan Services is one of the companies the U.S. Department of Education lets service federal student loans.

Did Great Lakes get bought out?

A Nebraska company announced Thursday that it has agreed to buy the student loan servicing arm of Madison-based Great Lakes Higher Education Corp. Nelnet, a publicly traded competitor, will buy the nonprofit corporation's student loan servicing company, Great Lakes Educational Loan Services Inc., for $150 million.