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Private Student Loans

I Want to Start Repayment My Defaulted Law School Private Student Loans. But How?

tug of war

Question: Dear Steve, I have defaulted on a private student loan owned by Citibank. I tried unsuccessfully to negotiate a lower payment plan when I lost my job and gave up making payments in 2012. Since then I assume the loan has entered default and it has been referred to a collection agency. I’m in the position now to start ... Read More »

    Is There a Way to Get My Wife Off as a Student Loan Cosigner?

    stressed-woman

    Question: Dear Steve, My wife and I have 3 boys all have graduated from college, they are not behind and have good jobs. They are very responsible about paying there bills. One is a nurse has about $90,000 student loan and other has about maybe $15,000. My wife co-signed for the younger two while they were in college. Is there ... Read More »

      I’m a Teacher and Afraid to Settle My Navient Private Student Loan

      single mom

      Question: Dear Steve, Public school teacher with public and private loans. My federal loans are now on the 10 year loan forgiveness plan after I consolidated all of my federal loans with the government and away from Sallie Mae. Unfortunately, none of the Sallie Mae payments counted toward the 120 consecutive payments, but I’m also on the income contingent plan. ... Read More »

        If I File Chapter 13 Bankruptcy Will My Son be Protected?

        Inside view of an antique combination lock of bank Mandiri in Jakarta, Indonesia

        Question: Dear Steve, I am the cosigner on my sons private student loans. I have been paying them because he is nowhere near able to pay the large amount. All was well until I had incurred very large credit card debt. I am thinking about filing a Chapter 13 bankruptcy. Will the automatic stay keep the lender from going to ... Read More »

          Can I Settle My Student Loan Debt With LendKey or Aspire Federal Credit Union?

          Moving up and the power of success with a growing tree in the shape of wings that has emerged out and has taken flight upward to opportunity as a business concept of the evolution of successful leadership and strategic planning.

          Question: Dear Steve, Private loans. Debt balance $39K. I have switched lenders many times. Finally got an interest rate lower than 8.9%, making some head way on my loan however I’m still being jerked around. Is it possible to request a settlement on a current loan? My lender is LendKey. They had me go through a credit union (Aspire) I’m ... Read More »

            Should I Just Defer My Navient Loans? – Katie

            crystal ball

            Question: Dear Steve, Hi Steve. So I just spent an hour calling at least 5-7 different numbers of Navient’s trying to find information about my newly defaulted private loans. Because they literally defaulted today, all I was told is to call back by Friday when they’re in the system. My question for you is if I have the option to ... Read More »

              Are My National Collegiate Student Loan Trust Expired and Not Collectible?

              happy

              Question: Dear Steve, Son has private student loan. National Collegiate Student Loan Trust is now suing him. He took out loan in 2007 and they sued him a couple of months ago. When does the Statue of Limitation run out private student loan in California? When does Breech of Contract occur? If you have not paid any thing on a ... Read More »

                Is There a Private Student Loan Consolidation Program to Lower My Interest? – Adam

                Decision time

                Question: Dear Steve, I have about 96,000 in PRIVATE student loan debt. I got off to a rough start with payments when I graduated in 2011 but since late 2012 I have been paying faithfully and haven’t made a dent in the balance. I have written numerous times to Wells Fargo, Navient (first Sallie Mae) and AES (previously Chase) to ... Read More »

                  I Thought My Art Institute Student Loans Were Eliminated in My Bankruptcy? – Stephanie

                  Where does it hurt nurse question

                  Question: Dear Steve, I went to the Art Institute of California for video production. I graduated in December of 2009. Due to life I had not been able to pay my loans. The went from being 54,000 when I graduated to over a 120,000 last year. Most of the loans were private and I got them discharged in bankruptcy at ... Read More »

                    Is There Anyway to Get Out From Under My Navient Student Loans? – Kim

                    future

                    Question: Dear Steve, I was young and dumb and didn’t have any financial help with college. I took out student loans to support my education. After 2 years, I was supposed to be able to get instate tuition, but my alcoholic mother kept claiming me as a dependent on her taxes (although she didn’t support me in ANY WAY). Needless ... Read More »

                      What Are The Best Private Student Loans?

                      Oops! What Is It?

                      Question: Dear Steve, I am a current junior at a university. I still have a ways to go before I complete my Bachelor Degree. I have no desire to go any further than a Bachelors. This is my second semester at university and there is not very much left over of my grant and loans after tuition. I would like ... Read More »

                        There is No Way I Can Ever Afford My Private Student Loans. What Can I Do?

                        Question: Dear Steve, I have a total student loan debt of $140,000. Out of that total amount, about $131,000 is Private Student Loans. I have a bachelor’s degree that I received in 2012. I have been working since the day I graduated making decent money, but not enough to live on my own and afford my minimum private student loan ... Read More »

                          Can I Just Pay What I Can Afford on My Private Student Loans?

                          Student Loan installment payment check paying back money owed in obligation for borrowed funding for college or university education

                          Question: Dear Steve, So I have private loans and a few federal loans my month payment currently is for all my loans is about $1000. My employer has been helpful by letting me work OT to make this happen. Currently working 12 hours of OT a week. But that is about to end, they are working on eliminating OT for ... Read More »

                            Can I Just Let My Private Student Loans Expire and Say Goodbye?

                            tax_audit_questions1

                            Question: Dear Steve, I owe 104K in private loans. I think I have 8. One of the loans has a cosigner. If I quit paying my loans and still continue to pay the one with the cosigner. I am to the point where I can’t afford to live. I have a good job but can’t get ahead. Is it possible ... Read More »

                              Can I Not Pay My Private Student Loan With a Cosigner?

                              Businesswoman does the questions

                              Question: Dear Steve, I paid my undergraduate degree completely in loans, some federal, most private. The private loan companies include: Discover student loans and Wells Fargo. My loans are sum total of 70,000. I want to go back to graduate school but I’m terrified of getting into more loans. What do you suggest for lenders who have cosigners? Claiming bankruptcy ... Read More »

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