Student loans…was laid off from my job back in 2002, with 2 kids in college. also, decided to return to school my self. took out several loans that I thought was government loans with American education services. Between hurricane Katarina and not finding steady employment I defaulted on the loans. Was making pay I guess it wasn’t enough. don’t know what happen but he loans were sold ???? 30k has tripled in size…
What can I do to get the terms of the loans to a manageable payment. can you recommend a lawyer or government program that can contact?
When you default on the loans you get loaded up with additional fees and steep penalties. It is easy for a balance to explode like that.
Unfortunately I can’t give you great advice on this question because it is unclear if these are private of federal student loans.
I would suggest you start with The Ultimate Guide to Dealing With Student Loans You Can’t Afford and/or post an update in the comments section to give me a bit more information.