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If someone would like to pay off a student loan in a lump payment is it possible to negotiate a lesser total payment with the loan holder?

Alexa Spicer

in Student Loans

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Rodney Fox on March 20, 2019

Yes, it is possible.

If it is backed by the federal government of loan, the total amount is guaranteed, so do not negotiate.

If it is not backed by the federal government, the holder of the loan may or may not choose to settle for less.


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