Petratishkovna

Thanks for the information. ALL of mine are Federal. No state and no private. I decided to do the rehab but I'm worried about the whole thing. I read somewhere that I need to send the documentation back certified mail so I can be assured they've received it and made certain I'm in the Rehabbing program. Because my loans are FFELP loans, I think I'm stuck paying all the interest and collection fees as well.... *sigh* I can't believe I've done this to myself.

Hey all! I've been stalking this board for a few weeks now as I finally decided that, with new husband (who is woefully unemployed) and new baby on the way, it was time to stop hiding from my credit issues and face the problems head on. ... and the largest of these is my student loan, which has defaulted. I had my MD state tax seized, and I am sure my federal is to follow as I now owe, due to the 7% consolidation interest on my loans, 61K. I called the CA, Acct Control Technology, and was told that the minimum payment they could give me was $432 for rehabbing purposes. An amount that I can't afford. They also told me that they were about to begin the garnishment of my wages (which was interesting since they didn't know where I worked...) I want to get on the road to paying this massive debt off, but I simply cannot afford to pay that much - at least not now. My car will be paid off in Sept and then, I can pay that amount, no worries. She even told me to borrow the money to begin rehab. (Oh, the irony.) I'm willing to take ANY suggestions. The stress of all of this is killing me.