hello. i'm a student loan collector and i have a defaulted perkins loans (i know, i know... lol). we deal with defaulted stafford loans, but the perkins is troubling me.

on this balance of 3312.81, the lady on the phone told me it would be 276.76 a month for 12 months to rehab it. i asked her if she was looking at the correct account, as i was under the impression it would be fifty dollars for twelve months to rehab it. those people don't know i'm a collector, and i'm really not looking for a fight or whatever, but i want to be sure the 276.07 payment was commision lust. what's the story with perkins rehabs?

thanks!

eric b

Perkins follow basically the same rules as stafford except they are 12 months. The higher amount is simply commision lust as you put it.