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Settling private student loans.

Date: Sun, 05/13/2012 - 20:49
Submitted by stark6935 on Sun, 05/13/2012 - 20:49
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Hi, I was hoping to get some advice about what I should ask for as a settlement with one lump sum payment on my student loans. They are from a private company, and have been in default for almost 2 years.

08/10/2006 PLP00
$279.47 08/17/2005 PLP00
$5,433.69 06/06/2005 PLP00
$1,679.46 09/22/2004 FEDERAL STAFFORD LOAN
$0.00 09/07/2004 PLP00
$6,944.74
Total $14,337.36

Total with interest and other charges: $15,339.03

The stafford loan is ~$2900, but not included in any of those totals.
The one federal stafford loan was given to an outside collection agency for collection, is there any way to get them to recall that loan if I were to pay all at once?


Ok...is this multiple loans?? Where are you getting these numbers?? NSLDS???

You will need to set with the collection agencies....they are authorized to settle. However settlements with student loans are not the same as other consumer debt...as a general rule, they will only settle on part to all of the collection fees. And you will receive a 1099


Submitted by SOAPLADY on Sun, 05/13/2012 - 21:01

SOAPLADY

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