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To: moehoward

After your mention of other articles, I did a search and indeed there are several with additional information.

Here is one:

“Originally for $100,000, the total due increased to $200,000 due to late fees and a hefty 12% interest rate.”

http://www.nydailynews.com/news/national/calif-couple-forced-pay-deceased-daughter-student-loans-article-1.1883735

Why would they take out a loan at that huge interest rate?!


68 posted on 08/06/2014 8:02:08 AM PDT by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

Got me….maybe they didn’t shop.

http://www.dailymail.co.uk/news/article-2709131/Grieving-parents-hit-200-000-bill-daughters-student-loans-died-suddenly.html

As usual, the dailymail has lots of details.

Sounds like she got new loans as she went along with her education. The article says some of the lenders have been working with them, some aren’t.


70 posted on 08/06/2014 8:08:23 AM PDT by moehoward
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