Can I Settle My Student Loans?

On August 14, 2012, in Debt settlement, Student Loans, by Robbie L. Vaughn, Esq.

You May Be Able To Settle Your Student Loan Debt

First, it really helps if the student loan you want to settle is a private student loan (not a government issued loan).

Second, as with debt settlement in general, it usually helps if you have a lump sum you can use to pay the agreed upon settlement amount. However, a lump sum is not always required. Some lenders will allow a payment plan.

Lastly, you want a no-interest payment plan with a repayment term and a monthly payment that works for you.

Important Note:  You may be able to settle your student loan debt even if you are already being sued for repayment!

The Law Firm of Vaughn & Weber, PLLC can assist you with Student Loan Settlement and other Student Loan issues. Call (516) 858-2620 to arrange a FREE consultation with an attorney!

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