Unfortunately, my husband is apparently with one of those incompetent banks,as he did request a stop payment on that transaction before it occurred, they even confirmed the stop payment request, but let the payment through anyway, and then say they don't know if they can get the money back.
In the meantime, Yes - I told him not to let the student loan creditor sharks have access to the account like that - and you are so right - they really threatened him. In the case of a student loan, you don't really know where you stand - since the are not "bankruptable" they are almost in a different catagory and you aren't sure of their power.
I would advise any college student reading this forum NOT to get one though - run - run away from the student loan - as fast as you can.
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