Hoping to get some help on my specific situation. I have a large sum of student loans and initially when I graduated I was not able to pay my monthly payment. I deferred and when I got a job I began to pay. I then lost my job and was unable to make make payments so I called and they said no problem, we can put your account in forbearance.
I recently inherited an equal amount of money owed, and would like to pay off my student loans. The amount of interest that I haven't paid has been capitalized and added to my principal balance.
(I now also have a good job and can make my monthly payments).
My question is -- Can I negotiate with DOE (owners of loans, but serviced by SallieMae) to pay the original principal amount rather that principal plus the interest that has been capitalized?
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