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