<p>I would suggest that OP go to a legal clinic and find out if bankruptcy is an option. There’s nothing shameful about it if you’re eligible, but it does have pros and cons. As I understand it, this is not a case of a student loan that can’t be discharged, but I don’t know enough to say for sure that this debt can be discharged. Find out.</p>
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It seems to make you angry, Iron Maiden. Do you take op’s situation personally for some reason?</p>
<p>No, why would you say that? Simply stating that if the OP is looking for a solution and really wants to go to college that there are ways to do it. It won’t be easy and it will require sacrifices but it is possible. Others have done it. </p>
<p>If he really wants to go he will do these things. If not then that is his choice. But there is no way to make this go away.</p>
<p>And the school debt can be discharged via bankruptcy since it is not a loan. But that won’t get the OP his transcript.</p>
<p>I’m not convinced the transcript is worth all that much, if OP did poorly.</p>
<p>I suppose if he finds out that he can declare bankruptcy, he could contact the school again before doing so, and ask for a longer-term payment plan (and his transcript), telling them that if they can’t help he’ll have to declare bankruptcy, in which case they’ll probably get nothing.</p>
<p>IF OP can maintain a schedule to pay down the 20K monthly by working, cutting back etc., the issue is who he owes the 20K to. There has to be other sources of loans avail if, as he states, his credit is decent. I am in no way advocating getting into a credit card rising interest mess, but I’d look for other sources for a 20K loan, use that to pay off the college in full and use the released transcripts to better his situation. I know, finding that low-interest 20K will be easier said than done, but again it’s not that he owes 20K, it’s who he owes it to that’s stopping his progress.</p>
<p>Great news everyone! My grandfather, who I have been at odds with the past two years, caught wind of my situation. He made in investment in my future paying off the $20,000 I owed my University, under the condition that I enroll in the university tutoring program. I will be presenting my case for student aid re-instatement to the financial aid board next in a couple of weeks, wish me luck.</p>
<p>Thank you all so much for you advice, this is my first time using this website and I’m overwhelmed by the fact that so many people whom Ive never met were willing to take time out to look at my problem.</p>
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It would seem that OP has found a way to make this go away. However, in general it’s certainly possible for people to get themselves dug in too deep to make getting out more than a matter of “sacrifice” and “just do it”. Without more actual dollar figures on salary, etc. I don’t think it’s feasible for any of us to simply declare that it’s “possible”.</p>
<p>Op, I hope that this will be a chance for you to get back on track!</p>
<p>Now, how does OP plan to pay for college? Or, does the cycle begin anew? Is he expecting some sort of aid (not sure if that’s feasible, considerng the collections history.) The Dave Ramsey concept would say, pare expenses to a harsh and strict minimum, set aside a rainy day fund, then save for college costs. No carts before the horse.</p>
<p>In the interim, he has the option of taking cc classes, for his ed and betterment, but not as a matriculated student. Courses can go on the resume. Depending on his field, even one or two can show motivation. Ideally, something specifically related to his work field.</p>
<p>Congrats on making your way back. However, remember that you may still not be eligible for financial aid from your college. You need to visit the financial aid office after you clear your account with the bursar’s office to see what the process would be in the event you would have to appeal in order to get financial aid.</p>