I know I should have known what was going on but, I was not receiving any bills from OSU for my Perkins loans, I was currently paying all other student loans and I thought that was everything. So when I finally realized I was already a few hundred dollars behind.

I called to make arrangements, I figured they could do a forebearance on the past due and I could resume regulary scheduled payments. They told me there was nothing they could do and I had to pay in full and bring up to date. I came up with the total of 600 plus dollars and have been paying on time ever since. My credit reports has tons of lates including 120 and 150 days. I sent a goodwill letter and they said they have to accurately report, which I am aware of.

Is there anything I can do? When I tried to make arrangements, they suggested that I consolidate. I do not know why I was not offered a payment plan or forbearance.

Any insight would be greatly appreciated.

Thanks!!

Perkins loans generally choose not to offer discretionary forbearance.

Contrary to popular myth, your loan holder usually had no obligation whatsoever to give forbearance; FFELP lenders simply choose to do so, up to a certain limit they determine. Consumer ignorance often confuses deferment (an entitlement they must grant if you meet criteria set by the federal government, AND complete OMB-approved forms, AND send proof that you qualify) with discretionary forbearance (something I know from my job that most FFELP lenders will verbally process over the phone, 90% of the time for borrowers who have no valid reason whatsoever for not paying).

The reporting is valid.

That's it.

Thanks, I did not realize that Perkins loans do not do forbearance. Now I know.