Latest Posts
Home > Ask The Get Out of Debt Experts > Are There Any Loan Programs That Can Get Me Back in Good Graces With Sallie Mae? – J

Are There Any Loan Programs That Can Get Me Back in Good Graces With Sallie Mae? – J

“Dear Steve,

Hello. I am an IT professional who has been out of work for two years now. At first, I was getting low level jobs which were adequate enough to pay bills. Then, in 2007, I was in a contract that ended abruptly, causing me to go into default on my Stafford loan (Sallie Mae). I found another contract in the beginning of 2008 but it ended in a few months and I have been looking for work ever since. After applying everywhere, I am finally being contacted for a govt job I applied for months ago but I am still receiving calls from my creditors. Due to my unemployment status, I’ve been unable to pay or even negotiate with the collections agencies because my living expenses must come first.

My question is: How may I obtain relief from this debt situation before I get slapped with a default judgement and are there any programs which can get me back into a good payment standing with my original loan guarantor?

Thanks.

J”

Dear J,

If your loans are with Sallie Mae you’ll have to talk to them about any sort of rehabilitation plan that would allow you to bring your loans current. At the very least you’ll need to make at least your contractual payment.

If you have a government backed student loan you’d have a lot of options. Sallie Mae, not so much.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.