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I have a student loan that is in default. The original loan was with Sallie Mae default loan is now with the Florida Department of Education. I am currently in the rehabilitation program, I completed the required payments and filled out all the paper work.
The problem is I am now waiting for a lender to buy the loan. I would like to know if anyone has any insight or experience on how long it would take to get the loan sold.
Thank you for any information.
I just did this in the past year, it took about 30 days in my case for the new lender(Wm D Ford) to pick me up and about another 30 to 60 days until I had to actually make another payment.