What are We Seeing Out There for Private Student Loan Settlements?

All this talk about changes within the federal student loan system, I didn’t want to give the impression that nothing can be done with private student loans.  Just today, we have a client who accepted an offer to save $165,000 on his private student loans!   And this was not a lump sum settlement to be paid all at once.  The terms are the reduced balance is to be paid out over 27 years at a very low interest rate of 1%.  They payment is exceptionally low and finally affordable!

So while a full discharge or 100% forgiveness may not always be possible with a private loan, settlements are very realistic with the right facts.  Contact us if you have a private student loan and need some help getting it resolved!