May 17, 2022

College

Its all about the school

Q: Can you settle federal student loans?

12 min read

Want to settle your federal student loans for less than you owe? This video goes over the basics of what you need to know to get a good settlement offer.

First, you can settle federal student loans — if you’re in default.

There’s no way around this requirement.

So if you’re wanting to settle, your credit score will take a hit.

Second, federal student loan settlements aren’t for pennies on the dollar.

Typically, the best settlement offer will be for 85% of the loan balance less collection fess.

Third, you have to pay the settlement amount quick. The normal federal student loan settlement must be paid within 30 to 90 days.

Finally, once you reach the settlement, you’ll typically make the payment to the Department of Education — not to the collection agency.

Check the settlement letter to be sure who you’re supposed to mail the letter too.

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? Work with me: http://tateesq.com/free-talk

How to Settle Your Federal Student Loans ► https://tateesq.com/student-loan-settlement/federal
Guide to Complete Federal Student Loan Settlements ► https://tateesq.com/student-loan-settlement/

Source: #1 Student Loan Lawyer | Tate Law

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