Can Student Loans Be Negotiated?

Can Student Loans Be Negotiated?: There are times when the person who owns your student loan might be ready to settle, like when you can’t make your payments or can’t get any other kind of help.

If you don’t make a payment on time for a student loan, your account will be called delinquent. When you don’t make payments for a certain amount of time, your loan goes into default. For most government loans, this is 270 days; for most private loans, it’s 120 days.

Getting a student loan back on track is possible in a number of ways. You could negotiate a student loan settlement with the person who holds your loan to get your amount paid off.

Student loan settlement

If you want to settle your student loan debt, you can talk to the lender about it, and sometimes you can get less than what you owe. Most of the time, you’ll have to make one big payment to settle the debt if the loan holder agrees to a settlement.

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