Student Loan Question

[Anonymous]

Hello, I have been hearing a lot about GW letters.  I called my student loan servicer to "goodwill" my 30 and 60 day lates, and he said that they no longer honor the goodwill.. Any suggestions?

[Anonymous]

Either hang up and speak to someone else or write a GW (instead of calling it in).

[Tuscani]

Who services your studend loans?

You are probably stuck with the lates if they are valid. The Higher Education Act requires that all student loans report for the full seven years.

[Anonymous]

You'd probably have luck with a private loan company like Sallie Mae.  I've heard about success with them.

[Anonymous]

Yes, I have two loans.  One is Federal, the other private.  I spoke to someone re: the private student loan, and they said they can request it but I will hear back within a week.  Keep your fingers crossed! Thanks again guys.

[Anonymous]

---

asyiasmami wrote:

Yes, I have two loans.  One is Federal, the other private.  I spoke to someone re: the private student loan, and they said they can request it but I will hear back within a week.  Keep your fingers crossed! Thanks again guys.

---

What'd I tell ya about the private?

yay!  Just make sure to get it in writing.

[SJP57]

i am trying for the same with a citizens bank backed loan from American Educational Servies....2 loans reported 30 day late each..then paid in full next month....getting letters ready....make

[SJP57]

doing the same with american educational services, 2 30 day lates back in may..PIF next month 13,000 instead of monthly installments....writing GW and making it personal (thanking them in helping me reach my goals, etc..future goals to buy a house in next few months, which is not true, but hopefully it will work..)

[Anonymous]

So for my federal loan, if it stays on my credit report for 7 years do the same rules apply?  That the 30 or 60 day lates won't matter as much after the 2 yr mark?

[fused]

---

asyiasmami wrote:

So for my federal loan, if it stays on my credit report for 7 years do the same rules apply?  That the 30 or 60 day lates won't matter as much after the 2 yr mark?

---

Yes!