On today’s episode of The Student Loan Show, we’re going to talk about strategic default for your private student loans.
Strategic default involves going past due on your loans on purpose. Usually people do it because they can’t make the payments on time, but lately I’ve been seeing a lot of people default because they think it’s a good way to get the lender to settle the student loan for less money than the total balance due.
- Who Is National Collegiate Student Loan Trust?
- Untangling the Knot of Navient and Sallie Mae
- What to Do if You’re Sued for Your Student Loans
- Settling Your Federal Student Loans – Good Idea or Disaster Waiting to Happen?
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