Consolidating sallie mae signature student loans

I have a (1) Federal Direct Student Loan it went into default in 1986. There have been no payments made to it nor has it been in any type of forebearence or deferrement.The original loan was for around 00.00 with interest it now stands at about ,000. I have been trying to get information on Debt Settlements I understand that they can take a settlement @ 30%, 50% or 90% of the total acrued interest plus priciple. Is the Rehabilitation scenario I described above true or not?

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Michael has participated as an expert panelist in federal consumer protection rule making, collaborated on state law changes governing debt consolidation, has worked as an expert witness in court matters related to the debt relief industry, and is a regular contributor to several personal finance websites.This would mean getting paid, or paid better, only when resolving loans.This can make the student loan collector your advocate when settling.It sounds like it could be confusing, but it doesn’t have to be.You can sign up for these programs for free at Student

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