Question: Dear Steve, My son’s student loans are now due through Sallie Mae (not federally funded). Seven loans totaling just under $40,000.00. The interest rate for each loan varies from 7.25% to 9.625%. We are looking to consolidate into one loan with one monthly payment. We have received a lot of mail offers and wonder …
Question: Dear Steve, I have eight private student loans past the statute of limitations, which fell off my credit report, with interest combined to over $200,000 debt value. One loan, the largest loan in my account, has been forgiven by Navient, which I recently learned via email. I wanted to share this email with you, …
Question: Dear Steve, I have an education loan I took out in 2003, which was initially about 85,000 and is now about 120,000. But unfortunately, I cannot afford the monthly payments, and it is a private loan. I have tried to maintain it out of default for years with Income-based plans, deferments, etc. I recently …
Question: Dear Steve, Hi, I’m currently in bankruptcy which will be done in a couple of months for my $20k in credit card debt. However, my next battle is to figure out how I will pay for my $190k in student loan debt. These are both federal and private loans. Private loans from Sallie Mae. …
Question: Dear Steve, I owe close to $40,000 in private student loan debt. The interests rates are 10% or more on some. The payments are way too high for me to make. I stopped paying in 2016. I am getting letters in the mail from U.S. Asset Management through the court of common pleas in …
Question: Dear Steve, My father took out student loans for me, and I was a co-signer. I took out my own student loans in only my name as well. We agreed that we would each pay the loans in our own names. So after I graduated, I began making payments on the loans in my …
Question: Dear Steve, I went to High Point University in NC a private institution in 2012. Graduated finally in Dec 2017. I of course took out student loans both federal and private. Private being Sallie Mae. I came home in Dec 2017 after graduation had no job for 2 months and Sallie wanted payment because …
Question: Dear Steve, I graduated from a college in the United States that closed. My federal student loans are current thanks to the pay as you earn program, but my private loans are in default. I don’t currently live in the United States and have been granted Citizenship in the country I currently reside in, …
Question: Dear Steve, My 83-year-old mother is a co-signer on a student loan for a nephew of mine. He has not made any payments on it for the last year or ever. The loan was charged off debt for the student loan and was sold to a collection agency. Now the collectors have started ringing …
Question: Dear Steve, I went to a for-profit school, over 10 years ago and in the process took out private loans. Since then, I have been contacted by a debt collector who I wasn’t aware I did not have to pay (the debt was over 10 years old and was beyond the statute of limitations). …