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I need advice settling some private student loans


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I'm new to this forum, but I really need some advice. I have several student loans that went into default several years ago when I lost my job. I found a job and have been saving money towards a lump sum settlement. The original principle was around 52k. I made around 10k in payments before it went into default. Since the default the principle plus interest and fees has grown to around 72k. I was wondering if anyone had any experience settling private student loans. I have saved about 46k since my employment by living the bare minimum life style. Does anyone think I could settle for this amount? Any input or advice would be appreciated more than you know.

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