Student Load Negotiations

[BryanBusby]

Originally Posted by TribalElder

usually to get a lump sum settlement granted you need to default on the loan for a few months so that the lender becomes desperate to recover any of the money.

Once you miss a few months if they are anything like credit card companies they will settle for less than what is owed

Eh, that's way too simplified. They're going to have a team looking over her financials and assets if they feel they can just garnish and seize to recover the difference, they will and not shit you can do about it.

If your wife has no assets or money, ya they could be much more motivated. On the flipside, if there's a co-signer (likely) well uh that could get super ugly.