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Reply to "I owe $125,000 in private student loans to one institution. How to get them to settle?"
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[quote=Anonymous][quote=Anonymous]PP here (which is OP) - if I say, I can pay XXX number of dollars per month, instead of their calculated amount that I owe, they will not take *anything* less. Even based on their calculations if I pay the minimum amount that is due (based on their summaries that are sent), I will be 70 by the time it's paid off!![/quote] What is the interest rate? How fast do they want you to pay off? 7 years? $1800/month will pay off $125k n less than 7 years assuming 5% rate. [/quote]
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