ACS Education Services Student Loan Complaint

ACS Education Services Student loan department,

Non-federal student loan Can't repay my loan Georgia

I was a first time - student. I was offered a private student loan with similar terms '' to a federal student loan. What was not clearly explained is this loan included compounding interest, not simple interest. And, that there were major restrictions on deferment and forbearance options. Therefore, when I was in school finishing my degree. And, later earning my -, this loan would not defer and had no forbearance options. For a new - student, the loan documents and language were too complex. The ramifications were devastating : An $ 30k loan that doubled to almost $ 60k, then went into default while I was still in school -.