Student Loans Q & A

Posted on April 20th, 2009 in Uncategorized

Q : What can I do about a federal student loan that should have been paid a long time ago.  I owe 10,000 initially, but the loan has advanced to well over that amount in interest rates.  The Feds turned the loan over to a collection agency who will not negotiate.  I would prefer to pay the actually amont without the interest.  Also, the statue of limiitations in Maryland is 3 years, but I am told this does not apply to federal school loans although its be handed to a collection agency.

What advice can you give me to get this money paid?  Since the collection agency is not the federal governtment can the statue of limitations apply here?

A : Contact www.CCCSstl.org for answers to your questions.  Then read my book and do the exercises so you stay out of debt.