I have been doing some research and I understand that you can’t walk away from federal loans. But there is a SOL on private loans. I have around 75,000 in private student loans that have gone past SOL for my state (They are Sallie Mae). The problem is that Sallie Mae also has control of my federally consolidated loan. This shows on my credit report as UNITED STUDENT AID FUNDS. The woman at “national student loan data systems” explained that the company that has my loan is owned by Sallie Mae, In order to make payments on that I would need to call Sallie mae. So I now understand that I have about 25,000 in federal loans. I want to pay my federal loans but I’m afraid that if I call Sallie Mae that they might show a payment attempt and then restart the SOL on my private loans.
What is the best way to cover myself? I have the loan numbers and all the information about the federal student loans.
Also I noticed my federal student loan shows 22,000 then it shows a new balance of 38,000. What fees might sallie mae be adding to that?