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  1. #1
    Join Date
    Nov 2010
    Posts
    1

    Default What Should You Do When You're About to Default on Student Loans

    My question involves collection proceedings in the State of: Ohio

    I'm about to default on my student loans, I take full responsibility. I'm 374 days past due, and I owe roughly $1200. I'm out of deferment and forbearance time. I'm going through Sallie Mae. I was laid off, but now working again. I don't make much and my wages are being garnished. I'm trying to get Sallie Mae to work with me, give me a payment arrangement to bring my account current, but they want all the money up front. I don't have that kind of money laying around nor do I have any help from family. I really want to start paying on this and get it taken care of, but I feel like I can't get any help. Is there anything I can say to them to get them to help me? Or is there any kind of help out there?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,817

    Default Re: What Should You Do When You're About to Default on Student Loans

    You can negotiate. If they won't work with you, you can pay what you can and try to catch up over time instead of all at once. Or you can continue to default and see whether they sue you or take other action.

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