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Personal Finances / Paying Back Student Loans


Subject:  Re: Price Negotiation Date:  3/21/2006  1:23 AM
Author:  caromero1965 Number:  4142 of 4854

Has anyone had luck paying off less than the bloated amount the DoEd wants? My loans currently have ~$2000 principal due, plus ~$10,000 "interest" (some of which I dispute) and another $15,000 "fees." I'm in repayment, but under protest.

Can you describe how the interest and fees wound up accumulating? how much was the original debt? was there a long period of nonpayment or something? Or is this a collection agency, rather than the Department of Ed themselves? They have a reputation of not being so mercenary about these things, compared to other lenders/servicers...
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