My question involves collection proceedings in the State of: California
I have private student loans. They have been forbearance. The principal started at $50K, but with accrued interest has now ballooned to $75K. I do not have the high paying job that I had when I took out the loans, thus the reason for the forbearance. I have maxed out the forbearance and have tried to work with the lender to lower the payment, decrease the interest rate, or consolidate the loans. I have been repeatedly turned down and told no to all of the above options. I have also tried to contact banks re: consolidation, but banks are not in the student loan consolidation business anymore. I do not want to go into default, but do not know what to do at this point. Any advice would be greatly appreciated.

