Educational Credit Management Corporation
Charging inordinate amounts of fees and interest
My case is simple: I defaulted on a loan in graduate school, because I wasn't able to get a job paying enough to pay it. It went up to $15 or $16 thousand (having started at I think $3000), and I started paying on it. This was from 2001 to 2003. Much of the fees and interest were dropped, as it was ...