Looking to Negotiate a Student Loan Settlement? Let’s Talk
Do I have to default?
Yes. There’s no way around it. You can’t settle a student loan in good standing. So if you want to settle, you have to default. And your credit score will suffer — if it hasn’t already taken a hit. Click here to read Why You Can’t Settle a Loan in Good Standing
Do I need a lump sum?
A lump sum isn’t necessary, but it’s really helpful. If you don’t have a large lump sum, we may be able to negotiate a settlement for a smaller amount combined with monthly payments, or, depending on how much you owe, we can do just monthly payments. Click here to read Guide to Negotiating Student Loan Settlements
Will I be sued?
Student loans typically don’t sue right after you default. They usually wait until the statute of limitations is close to running out on the loan before they sue. We should be able to negotiate a settlement before that happens.
How long does it take to negotiate a settlement?
There’s no set time to get a settlement. I typically negotiate federal student loan settlements in a few weeks. Private student loan settlements can take up to a year (or more). Click here to read Tips for Negotiating Student Loan Settlements