loan rehabilitation

defaulted student loans

Can I Offer A Settlement For A Defaulted Student Loan?

Q: I am at month 11 of a student loan rehabilitation program for a defaulted loan of about $80,000. I have made 10 on time monthly payments of $550. My parents will help me offer a lump sum payment to settle this debt. I am looking at offering $30,000 to $40,000. The collection agency wants

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Close-up of a tan suit jacket with a name tag saying, "Hello, my name is $95,544 Student Loan.

How to Get Your Student Loan Out Of Collections

Q: My Student Loan is In Collections. What Steps Can I Take To Remedy This Situation? A: You did not state whether you are struggling with federal student loans or private loans. Whatever the case, I believe the article I’ve written below answers your question about how to handle student loans in collection. Essentially, you

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