When Jessica King expressed anxiety over her financial situation, counselors assured her that as a low-income single mother, she would be taken care of through scholarships and grants. She only remembers taking out $1,200 for a private loan at the urging of a counselor. AFTER SHE GRADUATED EVEREST WITH HONORS AND WAS ADVISED BY A POTENTIAL EMPLOYER THAT SHE SHOULD REMOVE EVEREST FROM HER RESUME AND RETURN TO SCHOOL, King attempted to get her associate’s degree. After being contacted by her prospective college’s financial aid office, she discovered that she owed Everest $32,000.
“The promissory note I signed was for a $1,200 loan but once you request all these documents from ECMC THEY SEND SOMETHING THAT SAYS "ORIGINAL PROMISSORY NOTE MISSING LOST OR DAMAGED". It doesn’t have my signature on it, and it doesn’t have the Sallie Mae representative’s signature on it. I think I have 12 different loans in total taken out in my name,” King said. http://thinkprogress.org/education/2015/09/14/3700687/the-recession-changed-the-face-of-student-debt-but-regulators-have-been-slow-to-react/