I have several student loans that total about $30k. I have never been in default and have been paying on these loans for 10+ years. The interest rate is 8.75%. I think I have paid over $30K to date on these loans. I am interested in finding a lawyer to negotiate a lump sum payoff that is less than the roughly $30k balance. Any suggestions or other things I might consider in doing this?
Family Law Attorney
Honestly, you are probably not going to get anywhere "negotiating" a payoff amount less than what you owe with federally guaranteed student loans (the vast majority are of this variety). A totally private loan? Maybe. But not a federal loan. You could certainly consolidate and lower your rate, but not negotiate a lower payoff.
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Chapter 7 Bankruptcy Attorney
It is almost impossible to negotiate the student loans away. Good Luck.
Disclaimer: This answer does not constitute legal advice. I am admitted in the States of New York, New Jersey and Massachusetts only and make no attempt to opine on matters of law that are not relevant to those three States. This advice is based on general principles of law that may or may not relate to your specific situation. Facts and laws change and these possible changes will affect the advice provided here. Consult an attorney in your locale before you act on any of this advice. You should not rely on this advice alone and nothing in these communications creates an attorney client relationship.