My private loans are time barred. I can afford to pay my federal loans in full but im not sure that is the best opition. I just signed up for fresh start...... Id rather just pay the debt off and settle it than pay interest for years and years....... I have seen 2500 of interest can be written off per year........... So if i write off 2500 each year over 2 years...... Does that mean ill get a refund of at least 2500? Can I do the Trump thing and use this to not pay taxes?
I’m not sure if you will see this. But on my Fedloan say pay in full and close accounts. I have never pay my student loans this started on 2020 last time I when to school was 2011 do I still need to pay the student loan. Will a show if I want to buy a house ?
I have less than 18k in student loans federal in default. If I want to get out of default is make a settlement only option if I did Rehabilitation and consolidation already
Settlement is likely your only option given that you already rehabilitated and consolidated the loan. Question. Is the loan a Direct Consolidation Loan or a FFELP Consolidation Loan? You can check at studentaid.gov.
I’m in default I have 4 loans 3 of them are FFEL & 1 is direct with a balance of 12k because interest keeps building up . What’s best to settle ? Or reconsolidate ? Also I filled borrowers defense to repayment because my school Everest college it’s a Corinthian defrauded me . That school went in bankruptcy .
It's hard to say what's best for you to do without knowing more about your situation. If you can afford a settlement, maybe you should do that. It's your one choice to save on any of the collection fees and interest.
@@stanleytate I did request a consultation with you in mid may hopefully I’m able to explain better . But what are my chances of getting these type of loans discharge? With borrowers defense? I filed under false My certification With Corinthian ? This certification I got is useless for years . They lied about everything including job placement and , they guaranteed 99.9% they have their own connections and they made me sign , forced me . I didn’t finish 1 module n they took another loan when they knew I passed , threaten me that if I didn’t sign I wouldn’t get my certificate n at that time I was pregnant wanting to get far in life , now I’m stuck , with disable children 😪 & CANT afford back to school in my own because financial aid is not a option one option is . I’ll do my best to settle With $ , but if I have another option to hike bankruptcy what chances do I have ?
@@baddie3235 I don't know your chances of discharging your student loans in bankruptcy, but you have to assume your chances are low. Getting a discharge of federal student loan debt is incredibly difficult. The same is true of discharging your student loan debt under the Borrower Defense to Repayment Program. That said, don't let the difficulty stop you from trying the BDR. The only thing you'll lose is time.
Sir my university send my last semester bills above 10 k to collection agency. It is not a student loan. It is just the bills that I did not pay for college since I graduated recently. How do I negotiate with third party?
To negotiate with a third-party, you contact them and discuss your repayment options, including settlement (if any). Often, it's difficult to get great deals on these types of debts because the school can hold your transcript hostage. Unless you pay what they want, you won't get your transcript. This makes for difficult negotiations.
