Question: can you comment please. i have these federal subsedized student loans. not sallie mae or any other private lender. they are held by the us dept of ed. this is how they look on my equifax report.

student loan account# ssn-001 balance $5200 opened 12/95

student loan account#xxxx-95 balance $2600 opened 9/95

student loan account#xxxx-96 balance $2600 opened 9/96

here’s the delima-i went to college in ‘95 (first year). i took out a student loan for $2600. sophmore year, took another loan for $2600. now that i’m done with college, my loans are now due to start repayment. what i don’t understand is why they combined both loans into one account and are reporting it to my credit reports ($5200). then still report each loan seperately. this makes it look as though i have three seperate loans. i’ve spoken with the us. dept. of ed. and i was told that “all standard subsedized & unsubsedized loans are track by one account”. the big combined one. “this accounts contains all of your federal loans and is considered to be one account”. i asked, then why are they listed individualy also? she basically had no answer other than to say “they ARE individual loans”. when i realized she didn’t know what she was talking about, i just said thank you and hung-up. now i want to ask the student loan veterans this-first off, has this happened to you? -if so, were you given an explanation? -do you think i should just let it go.

one more thing- i still have copies of the promissary note for each $2600 loan. until now, i never knew they were combined into on BIG account and given a seperate account number.
for the non-student loan victims, your opinion is welcome also.

Answer: I’d try to get it straightened out. Have you tried the Ombudsman in the Dept. of Education? This might be something they could actually help with.
An alternative: write a letter to explain it.

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