As in any typical bureaucracy, there doesn't seem to be a single person we can find who has the answer to a logical question. Why bother garnishing a parents wages for their child's college loans when the 15% they take out of your weekly paycheck will NEVER touch the principal balance owed? In the last couple of years since my daughters college loans became due, there has been over $17,000 in interest and penalties accrue. This is so far out of control I need to duck tape my head just to keep it from exploding.

 We were informed by Allied Collections that our daughter's college loans were now the responsibility of my wife since she signed the Parent Plus paperwork for our daughter. There was no counseling prior to her signing these papers....no one told her that the moment she put her name on it that it was HER loan and not our daughters to repay. Now this freight train is about to steamroll our family that has already lost $20,000 a year when I lost my job last October and had to take another because my unemployment was running out. We are in the middle of a bankruptcy but are told that it will not help this situation. Naturally, when we ask Allied for some advice they are not very forthcoming. We faxed some financials to them to see about a hardship deferral but from what I am told she has to be making less than around $215 a week to qualify. Am I the only one here who doesn't see how absolutely ridiculous this is? In 20 years when my wife retires, my daughter will finally be responsible for this loan and when she dies, the principal balance will still be there. NO ONE WINS....EVERYONE DIES IN THE END. 

My only hope is to reach out to others and ask for some advice. I sincerely hope there is someone out there who can help us.