National Collegiate Trust/American Education Services: Forgive my deceased son's student loan
  • Petitioning Daniel Meyers

This petition will be delivered to:

CEO/Chairmain, First Marblehead Corporation
Daniel Meyers
Managing Director, First Marblehead Corporation
Gary Santo
CEO, American Education Services
James Preston
VP Public Affairs, American Education Services
Nathan Hench
Compliance, First Marblehead Corporation
James M. Thompson

National Collegiate Trust/American Education Services: Forgive my deceased son's student loan

    1. E E
    2. Petition by

      E E

      Ypsilanti, MI

My name is Ella Edwards. My only son, Jermaine Edwards, was a wonderful young man and the light of my life. When he went to college to study music production, I was happy to cosign his student loans -- he dreamt of making a better life for himself and I wanted to help him do that. But then Jermaine died suddenly in 2009 at just 24 years old. That's when First Marblehead Corporation and American Education Services (AES) turned my son's dream into a nightmare for me and the two year old son he left behind.

Jermaine had three student loans when he passed -- two from the federal government, and one private loan. The federal loans were forgiven within a month of his death. But First Marblehead is refusing to forgive the loan.

Jermaine was my only child, and after his death, I was so devastated I could barely get out of bed in the morning. I requested an early retirement from my job, losing much needed retirement benefits. Since my son's death, I have been under doctors care. I am 61 years old and I have been trying to work to make Jermaine's loan payments. I am trying to pay off Jermaine's loan, but I simply don't have the money -- and because of my crushing depression, I am barely able to work at all. To make matters worse, Jermaine left behind a young son whose mother doesn't have many resources. Therefore, she relies on me to help support Jermaine's son.

Nobody told me when i  cosigned the loan that I would be forced to pay them back even if my son died. Jermaine never had an opportunity to use his education and I can't use it either. I need help to get this loan forgiven and to change First Marblehead's and AES' policies to protect students and parents after the death of a student.

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    • cxvcv dvg DG, MS
      • 7 minutes ago

      Paying the Debts of a Deceased Relative: Who is Responsible?, Findlaw. "After a relative dies, the last thing grieving family members may expect are calls from debt collectors asking them to pay their loved one’s outstanding debts. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, a surviving relative usually has no legal obligation to pay the debts of a family member who has died. In fact, the rights of surviving relatives are covered by the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you."

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    • cxvcv dvg DG, MS
      • 29 minutes ago

      If it is a government loan take a look at 20 U.S. Code § 1091a

      http://www.law.cornell.edu/uscode/text/20/1091a

      (d) Special rule

      This section shall not apply in the case of a student who is deceased, or to a deceased student’s estate or the estate of such student’s family. If a student is deceased, then the student’s estate or the estate of the student’s family shall not be required to repay any financial assistance under this subchapter and part C of subchapter I of chapter 34 of title 42, including interest paid on the student’s behalf, collection costs, or other charges specified in this subchapter and part C of subchapter I of chapter 34 of title 42.

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    • ALVARO R NIETO JAMAICA ESTATES, NY
      • 3 days ago

      Debt is today's slavery.

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    • Sarah Beth RAINBOW CITY, UNITED STATES
      • 23 days ago

      <3

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    • Misha Williamson COLORADO SPRINGS, CO
      • 26 days ago

      When parents cosign on student loans they do so with the intent that they are assigned their children in continuing their education to better their lives. When that life is ended their are their hopes and dreams for that person. If the federal government understands that dead people cannot pay bills than I don't understand why private

      Ian companies don't follow the same logic. Forgive the loan and use the insurance money that all Leander's have to recoup the funds you lost from this young man's death. Please understand he was more than just an account with a debt owed he was someone son, father and brother. Let's treat me as such.

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