Absolute myth that returning a payment means the debt has been forgiven. They probably couldnt find your account or you had the wrong account number. Or you sent it to the wrong place.

No such thing as a good faith payment with student loans.

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I'm pretty much in panic mode I have a student loan with Sallie mae of a balance 43,000.00. I have follen behind with my payments and have already used all my time up with forebarences. I recieved a letter saying if i dont make the whole payment 43,000.00 by the 22nd which is tomorrow i will fall into default is their anything i can do?

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Is this a private or federal loan?

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federal

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Do you qualify for deferments or have you used all of those up too?

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all i have done with my student loan is used up my forebances. I was out of work for about 6 months but did make some payments. I have a job now but do not make much and I don't know if my job will keep me on for the winter. Is it to late to file for a deferment?

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Have you read thru Sallie Maes website on deferments? All the information is there. Call them NOW. You are more than likely eligible for a economic hardship deferement.

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