Ask Terry Questions Student Loans — Let’s Make a Deal?

Student Loans — Let’s Make a Deal?

By Terry Savage on September 19, 2018 | College Savings / Student Loans

My wife has delinquint student loans, I am curious if I wanted to pay them off would they take lesser amount for a one-time payoff?

Terry Says

Is this a Federal or private student loan? If it’s Federal they won’t take a reduced payment offer, since they know they will eventually take it out of her Social Security. But a private lender might be willing to make a deal. Get it in writing before you pay anything!

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