Student Loan Consolidation Programs

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Flight School Student Loan Crisis

Silver State Helicopters of North Las Vegas filed for bankruptcy Monday leaving students in an incredible predicament. The flight school charged up front for it's training, sometimes as much as $70,000, and students who took out loans to pay up front are left with no money and no education.

Kevin Wilhelmy, a student at the flight school, said he was referred to Student Loan Express for his more than $70,000 in loans (which have been converted to American Education Services of Harrisburg, Pa.). According to Union Tribune website SignOnSanDiego.com it is unclear whether or not the Student Loan Express Wilhelmy used is connected to the Student Loan Xpress in San Diego, an education lender operated by CIT Group of New York.

SignOnSanDiego.com also reports that they have not reached the lender to determine whether or not students will have to continue paying on these loans. Hopefully these students will get some relief as this is one of the worst situations regarding student loans that we have seen recently.

Posted by nicod3mus on February 7, 2008 08:29 PM |

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