Non-federal student loan Can't repay my loan can't temporarily postpone payments
MEFA Student loan department,
Non-federal student loan Can't repay my loan Can't temporarily postpone payments Massachusetts
I have an - degree from - College. During my time there, I applied for, and received, private student loans from -/MEFA ( Massachusetts Educational Financing Authority ). These - loans equal approximately $100000.00 in principal debt. Upon graduation from -, I was accepted directly into - - - for - school and received and automatic deferral on my federal loans. However, when I contacted -/MEFA, they informed me that my loans could not be deferred, despite being placed in an in-school status. As a full-time student, it is impossible for me to pay the full costs of the loans, which amount to approximately $1000.00 per month. They will not allow any kind of forbearance or deferral, despite my ongoing education and lack of income. They also will not renegotiate the terms of the loans.This loan corporation 's deceptive practices placed me in this situation.
MEFA customer in Massachusetts
Dec 11, 2015
* Source: CFPB Complaint Database
MEFA response to complaint:
Closed with explanation
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