I came across some words of wisdom recently when reading the book, “Keep Calm & Carry On,” published by Andrews McMeel Publishing, LLC. These little gems have helped remind me of the best way to go about penny-pinching, and are quite inspirational. In the current economic climate, many of you may be needing these words, too, so I happily share them with you here.
“Other major private student lenders and KeyBank competitors have implemented policies forgiving the student loan debt of dead beneficiaries- Wells Fargo, Sallie Mae, Discover, and Citi Financial among them. In addition, loans guaranteed by the federal government are automatically discharged on proof of death.”
Mother of student:
“Collection calls are the most callous kind of reminder that you’ve lost a loved one, and I got them every day.”
Visit Change.org to read more about this mother’s painful story and sign her petition to have Key Bank and American Education Services (AES) forgive her son’s loan. Banks are rich enough- it is disgusting that they aren’t willing to just leave this single mother and her family alone so that they might grieve in peace.