Hi. I have a 15,000 Defaulted student loan from 2005. I paid 4,000 towards the balance in April/2013 and have been paying 200 every month. I now owe 10,000. I have 8,000 cash and I want to offer it to them today to close the account as paid off. if they accept the 8000 to pay off the remaining balance how will they note it on my credit report? Also, i would like to GW sallie mae to take off my 10- 150 day lates since I settled the account. Will sallie mae do that for me? I want to apply for a mortgage in 18 months. Thanks.