Complaint / review text:
I filled out my IBR and sent my application to ACS as I did last year. I waited for my response and payment information.instead I received a letter stating that my loan had been sold to ECMC. I instantly felt sick. I went to the ACS site to log in to get some information and I was unable to log in. This has been a nightmare. I did one year of online college through Corinthian University, only to find out later that the cost in student loans were $20,000.
Bottom line - I am paying $20,000 for an armload of text books. I have no explanation as to why ACS sold my loan but I do know that if I cannot pay what ECMC asks me to I will have my wages garnished, my income tax taken, without any concerns about how my family will survive after they get done with me. "Beware.." do not wait for ACS to give you a status on your applications, make frequent contact with them!