Can You Settle Private Student Loan Debt?

Student loan debt is the second most abundant type of debt in the United States, behind only mortgage loans. In fact, 70 percent of all college seniors who graduate have some form of student loan debt, with the average indebted student carrying nearly $29,000 according to 2015 data. And to make matters even more difficult for many borrowers: most student loan debt is public, which means it’s almost impossible to reduce without qualifying for a forgiveness program or unique and exceedingly rare circumstances. However, private student loan debt is an entirely separate story. Because these loans come from private lenders, consumers have a lot more options when it comes to debt relief that they can pursue. On this blog, we’ll offer a few tips on how to beast pursue a student loan settlement including giving you a few valuable negotiation tips to keep in mind. Expect Pushback from Lenders Lenders on student loans are likely going to be hesitant to…

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