Is there any way to settle an over due student loan for less than the amount owed?
80604
No you have to pay full balance with interest at least here in the state of Ohio.
874706
Pay them off.\n\nI mean seriously. Your question is extremely VAGUE. How about delivering more information. Y oure only going to get more answers like this if your question remains so completely open to speculation.\nHabe you heard of refinancing? Contact your student loan company and tell them y ou want to extend the life of your loan and make lower payments monthly. As far as credit cards go....if you SINCERELY CANNOT Pay them, go see a consolidation service. For a fee, they will get your debts REDUCED or SETTLED for a much lower amount, OR like a student loan, they can extend the time you have to pay it off and at a lower rate. \nBut if worse comes to worse, and you CANNOT afford to pay off your credit cards- theres not much they end up doing. It WILL affect your ability to get loans and credit in the future, even a house, but theyre not going to come to your door and start taking your couch and tv or put you in jail. THE WORST they can do is file a JUDGEMENT against you which you wont even have to physically appear in court about. It wll affect your life, but you dont HAVE to pay it off. If you have no money to pay this crap, what do they think youre gonna do? Pay even more than you cant afford now? Ive had capital one threaten to sue me for a 1300 dollar debt, that they JACKED UP to 2700 dollars. If I cant pay 1300, what makes them think I can pay 2700 in late fees and interest? Ive received letters saying that a suit is being filed, but so far, aint jack happened to me and I dont expect that it will. MANY PEOPLE owe MUCH MUCH more than I do, and nothing happened to them either. Its not like a car loan, where if you dont pay they come and take your car. Theyre not going to come and say you bought this and that on your credit card and we are taking it now. They send threatening letters and call your answering machine like CRAZY, but once you TELL THEM to leave you alone, by law they have to. Doesnt mean they wont file a claim against you though. But it will by law, make them stop calling you and sending BS letters. \n\nthey mostly rely on fear to make you do whatever to pay them. Thing is, theire insured and write these debts off as a bad debt and then you have to wait like 7 years to have it taken off your credit report. But you'll find those 7 years go by fast when you realize that you dont TRULY need a credit card to live. \nDo you budget your self? MANY people dont know how to budget, you may h ave to find out, are you spending too much on food and entertainment during your paycheck periods? If so, start changing your lifestyle, dont eat out, dont buy items that do nothing but sit on a table or shelf and look pretty etc etc. AMericans are constantly being told by TV and radio etc that they are EXPECTED To buy buy buy everything that they dont even TRULY need. Ignore the lies and live within your means.\nFOR EXAMPLE Buy a 30 dollar CROCK POT and for a 2 dollar bag of potatoes or the same 2 dollar amount of carrots  and a 10 dollar bag of bonesless chicken you can eat ALL WEEK, just serve it with noodles or rice or a 50 cents can of green beans to change it up daily.\n\nLife will get better in time, be patient. You'll be surprised at how fast time can fly with lifes distractions.
252447
If your talking about an application fee generally those are not refundable. If it is tuition then I would just make a huge fuss about it until they gave in and just gave you your money back to shut you up. However if you didn't let them know you weren't attending and didn't try to get your money back until in the middle of the semester than it is your fault and they don't have to give it back.
951718
You can talk with your university about getting a computer loan. I had several friends that got their computers this way and didn't have to pay back the loan until they graduated.
793943
Contact the major credit bereaus. They can provide you tools to correct it without involving the law.
821865
Danny, have you talked to your trustee about this. If they were to be making the payments, if I were you I would be asking where did the money go to. I would contact a lawyer. I would think you would have some kind of re-course. Good luck to you.
136683
If you can't afford to pay off the current student loans, how are you going to pay off a new consolidation loan?  If you default on that one, your credit history will get worse!\n\nWho has listed the loan on your credit report?  The collection agency or the original creditor?  Exactly when did it go into default?  How much do you owe?\n\nHere is my thinking.  First, blow off the collection agency all together if you can.  It doesn't matter what you say to them, your excuse is never good enough.  They will still want your money NOW and will only harrass you.  Send them a letter to quit bothering you, then contact the original debtor.\n\nTry to work out a deal with them to pay it back, but ONLY if they agree to remove the negative marks on your credit report and show the loan is paid in full.  The only reason you are paying them is to get your credit history fixed, but many times the creditor will leave the bad mark on your record.  Get the agreement in writing before you start paying them back.\n\nGo to the links I've supplied below for more information.  \n\nGood luck, I've been this route.
188832
The interest you pay for a student loan is deductible
90794
Yes, check with your lenders. It doesnt matter if your semester started or not as long as your enrolled. However b careful some lenders won't send the money directly to you but instead to the school.
353372
No. Your best bet is your employer giving you tuition reimbursement. You could ask the local banks around your area. But I doubt it.
327574
Contact the company directly and give them supporting documents to prove it is only one and it is too old. Ex: cancelled checks to show payment. And in the future after repaying an old or even a current debt, always ask them to send you a letter showing a zero balance. That way when there is confusion in the future you have proof it was paid and the date.
532974
As some other people have mentioned, it was difficult to understand your question.  I think you said that you thought this matter was resolved in 1982 or 1983.  If the matter was resolved you can sue under the federal fair debt collection act.  I know others have mentioned that but I want you to know that you might be able to force the people who are contacting you to pay you money.  Another issue comes to my mind.  Most contracts can not be enforced if the matter isn't taken to court within six years of a party breaking the agreement.  There are a lot of rules about contracts and even more rules about student loans so you'll need an attorney to sort this matter out.  Good luck  \nBack to the writing issue.  You really should consider taking a writing class.  Your writing shows two things.  One, you have a lot to say and two, you not skilled in the art of writing. With so much to say you might find that you like the classes. Good luck with this too!
1102804
For alternative loans, the repayment terms vary greatly. Most educational loan lenders understand that particular feature (delayed repayment and, in some cases, a 6-month grace period after graduation) is the biggest "selling point.," so many do include that option.\n\nRecall that I'm pretty sure this loan is offered by your school itself, which leads me to believe that (a) the terms are probably pretty attractive and (b) you probably won't need to repay it until later. That said, borrowing money is important decision, so you shouldn't make any assumptions.\n\nIt is my sincere hope that your school wouldn't offer you a loan without first disclosing the *terms* of that loan to you.  Did you receive any paperwork on it? If so, the repayment information is probably in there. There are definitely some private loans out there that *don't* allow you to wait until you graduate (e.g. that begin repayment within 60 or 90 days).  With other private loans, the student is given the *option* to begin repayment immediately or delay that repayment until graduation -- and in these cases you would need to specifically request it.\n\nGive your school a call. Tell them that you have some questions about the loan you were offered. Get all the information you can -- asking lots of questions is never a bad thing when it comes to managing your finances. You might even ask them why they choose this loan program for you. Make sure they're keeping *your* best interests at heart.
549232
The first step is always to call the company that currently holds your loan.  Typically, when a borrwer goes into default the lender that USED TO hold the loan will then send the loan to collections, so your point of contact would become the collections agency.  Call them up and explain that your loan is in default and that you had made a mistake by missing payments, but would like to resolve your default and take responsibility for the payments from now on. Typically, the collections agency will recommend loan rehabilitation, which entails making a certain number of consecutive payments on time.  Making one large payment is generally not sufficient to resolve a default.  Your loan holder may require 12 -- some require as few as 6 before they consider your default resolved, but you won't know until you ask.\n\nYou can technically file your FAFSA now, before the default is resolved, but if you do, your school's Financial Aid Office will know that you defaulted and you will be inelgiible to receive Federal Student Aid.  If you choose to file, you will later need to submit proof to your Fin Aid office that your default has been resolved before they can award you any aid. They won't necessarily know if/when it has been fixed, so it falls upon your shoulders to keep them updated.  If you begin making your 6 (or 12) payments now, you may not be eligible for aid before school begins, but that's OK.  If you regain eligibility for aid mid-year, you can still receive the full year's worth of Stafford Loans, Pell, etc.
121133
Federal regulations do not allow a student to obtain a deferment on a defaulted loan.  Period. Your best course of action would be to speak to the lender who holds your defaulted loan.  You may need to make a few good faith payments, after which they may grant you a forbearance, which is similar to a deferment except that interest will accrue on your loans during the forbearance (deferments -- other than In-School Deferments -- can be difficult to obtain).
1085544
call them and explain the situation. At the end of the day you agreed to pay it by accepting the card but they are not heartless people. \n\nAdvise of your current situation with income and other outgoings more important (car, house etc) and then arrange a repayment plan. The sooner you do it the better.\n\nIn some cases they will stop you being able to use the card and will stop or at least reduce the interest charges, but you're better contacting them sooner rather than later
375167
set up a meeting with the advisors in the financial aid office of your school. you will have to declare emancipation from your parents. that means they will not be able to declare you for income tax purposes in the future but you will qualify for far more aid than you would under their income. \ni'm pretty sure that load in default will continue to haunt you anyway. you need to notify that loan company that you are still attending classes so they can defer the loan while you are still studying. don't stop until you get someone to listen to your story.