I have private student loans (not fed subsidized) through Sallie Mae. I, accidentally, have found myself delinquent on the loans for one month. A friend is offering to pay a large portion of the loans, but not the entire amount. Can I use this to negotiate wiping my delinquency from the records and thus not have it hit my credit report? Also how bad will going into forbearance during my (unpaid) internship be until my full-time job starts? One more, due private student loans qualify for the interest deduction on my taxes? [more inside]
posted by geoff. on Aug 6, 2007 - 9 answers