My problem is I have student loan with Cornell University. The original amount was for $5000 which I started paying but i moved away and never bothered to follow up to change my address. Now they want $7000 to close off the account. Is there anything i can do about this? The loan was from 1998. Can i get them to take the loan back from the collection agency and start paying it off again? I told the collection agency told me I can even get rid off it If I file bk. Is this true? This loan is a direct loan from the school and not one of these government loans. Please, I am desperate and I will appreciate any help I can get on this matter. Thanks everyone for the wealth of information on this board. Imhosed.