Student loans in default and they are wanting far more than I can pay.?

Answer I had this same exact problem too. I am a stay at home mom of 3 kids and my payments on my student loans were around $250.00 a month and I could not afford that much. I don't have much good advice,... Read More »

Top Q&A For: Student loans in default and they are wanting f...

If my husband goes into default on student loans can they take the $ out of my bank?

Ella:If your husband defaults on his student loans, the lender will spend at least 270 days trying to cajole him into either honoring his obligation, or negotiating a payment plan. If your husband ... Read More »

What Loan company will take over my federal student loans when the loans are in default?

When your federal educational loans are in default, you have several options:You can repay the loan in full.You can negotiate a new payment plan with your lender.You can "rehabilitate" your loan.Yo... Read More »

Do they give student loans to any student or does that student need to have excellent credit?

To qualify for federal Stafford Loan, you must be a full-time student and not fall below half-time status, be a U.S. Citizen, National or permanent resident alien, you can not be in default of any ... Read More »

How to Default on Student Loans?

Student loans seem like a good way to finance a college education. Interest rates on student loans are low, and borrowers don't have to start repaying student loans as long as they continue to go t... Read More »