Post your questions Debt Problems Credit Counseling Collection Agencies Payday Loan Help Credit Repair Pub Debt Consolidation Forums Forums Student Loans and Education Debt settlement settlement Date: Mon, 01/07/2013 - 07:06 Submitted by on Mon, 01/07/2013 - 07:06 Posts: 202330 Credits: [Donate] Is it possible to get ACS (or any loan servicer) to do a settlement on a FFELP? Total Replies: 1 Only if you are in default. Only if you are in default. Problem is once you default they add collection fees of up to 24% and they will only settle off on a portion of those. DeleteEdit Submitted by SOAPLADY on Mon, 01/07/2013 - 13:46 SOAPLADY ( Posts: 17315 | Credits: ) Add new comment Your name Subject Comment About text formats Text format Filtered HTMLRestricted HTML Restricted HTML Web page addresses and email addresses turn into links automatically.