Guarantor, owner, and servicer

[Chelavictim]

I am tired of paying so much money, which mainly covers the interest because of high margin for the last 8 years.

I want to ask if they can modify (reduce) the margin, but I am not sure who I need to talk to. My private student loan is guaranteed by someone, owned by someone else, and serviced by another company.

Who has the power on the loan: Guarantor or owner?

Thank you for your response in advance.

[LynnInMN]

I am tired of paying so much money, which mainly covers the interest because of high margin for the last 8 years.

I want to ask if they can modify (reduce) the margin, but I am not sure who I need to talk to. My private student loan is guaranteed by someone, owned by someone else, and serviced by another company.

Who has the power on the loan: Guarantor or owner?

Thank you for your response in advance.

 

Dont waste your time.....it aint going to happen. They will not modify the terms of your prom note.