I graduated back in April of 2007 with my bachelors degree in Marketing or what Chris Hooley refers to as “Mah-keting” (don’t punch my face for that…I gave you a link). Unfortunately, I had to take out student loans and when the rates increased in 20006 I had to consolidate my student loans with Direct Loans since I didn’t have enough in student loan debt to qualify for a consolidation through NextStudent.

Problems I’ve had with Direct Loans (Government):

1.) When I first consolidated they put my loans into immediate repayment while I was still in school full time. They knew I was in school full time but still put me into repayment?!? To resolve the issue I had to fill out a in-school deferment letter and send it in.

2.) After being placed into in-school deferment, Direct Loans for no apparent reason started charging me interested on my subsidized loan…WTF?!?!? Yet another call explaining I was in school and after an hour phone call got the issue resolved.

3.) Graduated in April 15th, 2007 and received a statement with a due date of July?!?!? I have a six month grace period on my student loans yet Direct Loans seems from April to July is six months, WTF! Another call to Direct Loans and this time I received a rude lady who told me I graduated in Feb?!?!? After arguing with her for over an hour I decided to say FU to Direct Loans and just start paying off my student loans now rather then filling out another form and making more calls to them.

This is a prime example of why the Federal Government should not be in complete charge of the financial aid industry. They suck, they hire worthless employees who don’t give a sh** and they only work M-F 8am - 5PM EST!