Ive been paying every month since 2008, on time, student loan amount of 35000. The principal has only decreased 300.00 When I call and ask for audit they say we dont do that but trust them.
Can you imagine buying a car that you will never payoff. I should of bought used car rather than college education. But these loans are special, you cant default, they will get your tax refund or garnish wages, and they are government backed so Wells Fargo could care less about working with you.
Why should they, the government will give them 0 zero per cent loans so they can put the scews to us> My advice, dont go college its a big ripoff!
Product or Service Mentioned: Wells Fargo Loan.
Monetary Loss: $35000.