Originally Posted by Sunny Day

Sallie Maes survive bankruptcy.
You have 3 options

1. Pay Sallie until you finally get it paid off. I'm betting you die first.

2. Never own anything in your own name again. Hopefully your lover or some family member is someone you can trust with your money.

3. If Sallie Mae did indeed hire a collection agency, best bet is they want a quick settlement. ANY settlement. I had a friend, who the IRS claimed he owned about $350,000 in back taxes from his years as a drug dealer, (Money he never made). He was working for $10 an hour and said if the went after his wages, he'd quit working. After several phone calls, he got them down to $5,000.
A- They just want some cash from you &
B- They need to show a positive report on their worksheet.
If you have any money or can get some from friends or family, offer them 1 cent on the dollar negotiate up from there. The collector has probably a thousand cases on his desk. Any case he clears saves him from being fired.