gc services wants to put me on a rehab plan but i dont have a job and i live with someone who helps me at the moment. is there a hardship program to help me if i have little to no income but would like to settle debt in small amounts if possible
Student loans do not settle in
small payments. Settlements are a one shot payment with usually only a
portion of the collection costs waived. There are no hardship plans,
only temporary payment arrangements. You can also look at consolidation
thru the direct loan program.
There are progrmas for
financial hardships, concerning student loans. I've done them myself
when I wasn't working. I had no payment (interest free) for one year. I
was on the same program with 'Direct Loans' and 'AES'. You may want to
call one of these places and ask them questions that you have. You can
find their numbers on the web. At least, that's a starting point.
:)
OH!! Ok. Maybe I missed the
'default' thing. I do apologize. In that case,..yes,...that's correct
information. I was in default at one time and it took almost an act of
God to get my account back to 'good status'. Deafault student loans do
affect alot of what you can and cannot do (credit wise,
etc.).
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Sub: #1 posted on Fri, 11/23/2012 - 21:16
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