My question involves collection proceedings in the State of: arizona
my question is if i am responsible for the 160,000 that i now owe. the school filled out the first loan application, with my income at 30,000/yr, for a small loan of 20,000. than added that 20,000 onto the next loan application for a higher loan, totalling 50,000 a year income. all the while saying, "oh ya, just sign here and you will be a helicopter pilot". after the first loan, i had to quit my job to attend the school fulltime anyway. so at the time of the second loan i was jobless. im not sure also why a bank like sally mae wouldnt check my working status to see if i could afford loans that high. i am a man of honor. when i say i will do something, or pay someone back, i do. but i must admit, i was "blind" when i signed the loan applications. didnt even think about them changing my income. i guess i just wasnt thinking about anything except flying. but there is no way i should have been approved for those loans. please help me. i am now in collections. just got laid off from work, and having a hard time putting food in my belly.

