My question involves collection proceedings in the State of: MO
I recently graduated from a private university in NY with my B.A. and my family doesn't have any money to really help me, so I took out loans to pay for my education. A lot of loans. I have federal loans, a loan with Sallie Mae and my gigantic loan that covered that majority of my education expenses is through AES (a private lon company). I just finished my first year of graduate school. I am in a PhD program, so I plan on being in school for another 4 years. I have not had too many problems with Sallie Mae and the federal loans thus far as I contacted them and told them I was attending graduate school. They deferred my loans. However, AES informed my graduate school is not a valid reason for deferment or forbearance and they want regular payment from here on out (over $650/month). Being a Graduate TA, I make LESS THAN $820 a month and have all the other expenses I need to think about like rent, food, gas, insurance, and so on. I have exhausted my deferments and forbearances, tried to negotiate (in fact I had them agree to a $70/month payment when a collect was on the line also but my payments just skyrocketed again and they just apologized for the "misunderstanding"-WTF), and now they are threatening to close my grandparents bank accounts if I don't make these payments (they are my co-signers). They don't really have this money either. What can I do---I feel like this isn't fair. I am still is school DAMNIT!!
Any advice in truly appreciated