Private Student Loan

[schnauzer]

I have gotten myself in a bad situation with private student loans. I have approx 154,000 in private student loans. I have kept current on two out of three of them. My consolidation loan from Education Finance Partners went into default (I was out of work for nearly two years) due to the payment being 883 a month. Now they have sent the loan to collections and they informed my attorney that they are going to serve me. I would assume very soon, since the phone called took place two days ago. Now my question is, I barely have enough left over to make a $100.00 a month payment, much less 883. Does anyone know the court process or have any experience in what happens in court once they sue. Any information would be appreciated.