College Assist Student Loan Complaint

College Assist Student loan department,

Non-federal student loan Can't repay my loan Can't temporarily postpone payments New York

While attending - school at - @ - I was pressured by fellow students, professors and media to consolidate my loans. I consolidated my student loans with - with the understanding my interest rate of less than 3.8 % would be locked in and garunteed not to climb. Upon receiving the first statement, I found - already broke the contract. I paid my loan until all my savings was depleted and I was no longer able to pay. My earnings are not enough to provide beyond basic survival. My loans were sold to College Assist, - -, and -. Through college Assist I was offered a rehabilitation program for $5.00 per month for 12 months to remove my loans from default status. When looking over the agreement I discovered I will be charged over $30000.00 for the service.. This sort of fee is crippling on top of an already insurmountable figure considering my place in a ruined economy. The loan is increased by around $100.00 a WEEK. I am being extorted. I find no offering of IBR, deferment or forbearance offered. My requests went Un acknowledged by all contacted listed by the company. I 'm left with this rehabilitation program where I would be paying $30000.00 plus approximately $7.00 daily more as my only option of repayment.