Studnet loan rehab?

Discussion in 'Credit Talk' started by das72071, Feb 26, 2002.

  1. das72071

    das72071 Well-Known Member

    Student loan rehab?

    Can only defaulted student loans be rehabbed?
     
  2. radiohead

    radiohead Well-Known Member

    Re: Student loan rehab?

    yes, that is my understanding.
     
  3. das72071

    das72071 Well-Known Member

    Re: Student loan rehab?

    It doesn't seem to make sense. You can rehab a defaulted loan with 12 on-time payments but you are screwed if you just have late payments but do not default.
     
  4. radiohead

    radiohead Well-Known Member

    Re: Student loan rehab?

    I agree, luckily mine are defaulted... Ironic huh. ITs like... Sweet Default!!! The Government is crazy!!!
     
  5. longhair

    longhair Active Member

    Re: Student loan rehab?

    Is there a way to get them to remove those damn outragoues collection fees/penalties from the guaranty agency when a student loan goes into default? 25% to a damn collection agency is crazy. OSI education services can bite me!

    Has anyone ever nogotaited a student loan for less than the full balance for rehabbing the loan?
     
  6. radiohead

    radiohead Well-Known Member

    Re: Student loan rehab?

    I don't think you can settle on a student loan, I am sure someone has though, somewhere. Very difficult from what I gather. Getting rid of collection fees seems probable. Anyone done this?
     

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