Question: Dear Steve, I took out a loan for college for $110,000 between 2006 and 2010. I have paid 30,000 to the principal and 40,000 to interest so far, which is sickening. My husband is in a situation where he can pay the remaining 87,000. I have never missed a payment. We tried to request …
Question: Dear Steve, You don’t mention or get into detail on how to negotiate a settlement for private and federal student loans. I live in Pa. my loan is over 25yrs old, from 1989!! I haven’t paid on it in 24yrs. I have never been sued or had a wage garnishment, however I’m trying to …
Question: Dear Steve, I have a student loan debt (30K) from 1983-1988. I consolidated in 2000 and now the total is almost $90K. What would be a reasonable offer-in-compromise? And, who would I be in touch with? These are federal loans. Thanks. What is considered a reasonable offer-in-compromise? Who decides this? Jonie Answer: Dear Jonie, …
Question: Dear Steve, I co-signed a private student loan for my wife from Wells Fargo for about $19K. We starting paying back on this in Sept 2014. We’ve never missed a payment or been late. We pay $267 a month. Since that time we have paid almost $13K in payments but our principal is still …
Question: Dear Steve, I have old consolidated Federal Student Loans that I have some money to pay off. Some money is subsidized and some is unsubsidized. The interest is enormous at $120k Will they negotiate down the interest for a payment in full? Is there an Attorney that can help with this? Do you have …
Question: Dear Steve, I graduated from Pace University in 2008 with $104k in student loan debt. The majority of this debt was secured through Signature Student Loans ($87k) with Sallie Mae and then a small debt through Federal Direct Stafford Loans ($17k). I grew up in a single parent home, my mom barely making ends …
Question: Hi Steve, My son has a large student loan that is not in payment stages, since he is still in school. The max 7 year deferment is fall of 2018. His father committed fraud and lied about family net worth. Son was told his dad would have no issue paying off debt, but couldn’t …
Question: Dear Steve, I have a good bit of student loan debt and would like to get a mortgage, so I’m torn between down payment and settling loan debt. I have federal and private loans with Navient, around $129,000 worth, with IBR taking care of about $90k of the federal ($0 a month owed for …
Question: Dear Steve, I have a private student loan (originally My Rich Uncle, now called Younomics) that I took in 2007 for $6,000. I never made a payment and the loan is now close to $20,000. I would like to settle as I don’t want to wait another three to four years for this to …
Question: Dear Steve, I went to ITT Tech back in 2004 but never completed the course as I became disabled before completing the course. I have never made a payment on the loans and have good credit even with the defaulted loans listed on my credit. I have now been receiving letters from a company …