If other debt is not causing you to miss your student loan payments we need to prioritize tackling the student loan attack. First, follow this guide to see what forgiveness and income contingent repayment plans you might qualify for. But a partial discharge or favorable payment terms is possible. See A Look at Sallie Mae and Other Student Loans Discharged in Bankruptcy in 2012 and you can see the results others obtained.
Zero balance owed. Is this real? Federal school loans ird party contacting me.? Also, Sallie Mai loans defaulted. Third party contacting me. What do i do? So confused and scared. Pls help/advise Carmen, don't miss my free my weekday email newsletter with the latest tips and advice on how to beat debt and do better financially. I could go on and on but I'm going to give you the summary, stat! If you have other consumer debt that is holding you from making the required student loan payments, you should really consider a second chance and fresh start in bankruptcy to make room for your student loan payments. These include: Health Professions Student Loans (hpsl health Education Assistance Loans (heal nursing Student Loans (NSL) Just because you have some loans with Sallie Mae, that alone is not an indication they are not subsidized in some way.
When it comes to bankruptcy and other legal advice, there is no substitute for getting a specific legal opinion from an attorney licensed in your state. Bottom line, it might feel hopeless, but there are some good options to provide you with some relief and a light at the end of the tunnel. You can click here to find a local bankruptcy attorney and talk to them for free about your specific situation. Get the facts and then you can make an informed and educated decision if bankruptcy is right for you.