Your private student loans can be settled.

What Is Private Student Loan Settlement?

Private student loan settlement is the process of negotiating with your private lender to accept a payment less than the total balance owed. Unlike federal student loans (which have income-driven repayment and forgiveness programs), private student loans offer very few hardship options. However, private lenders are often willing to settle — especially when the borrower has fallen behind. If you have private student loans from lenders like Sallie Mae, Navient, SoFi, or others, settlement can reduce your balance by 30–50% or more.

How Private Student Loan Settlement Works

We start with a thorough review of your private student loan details — lender, balance, interest rate, and payment history. A custom plan is created where you save monthly into a dedicated account. Once funds are sufficient, our negotiators engage your lender. Private student loan lenders become more willing to settle as accounts age and they face the prospect of costly litigation. We leverage our 21 years of experience to secure the best possible settlement. You approve every offer before any payment is made.

Who Qualifies?

• Texas residents with private (not federal) student loan debt
• Behind on payments or in default
• Loan balance of $10,000 or more
• Unable to afford current monthly payments
• Looking for an alternative to years of unaffordable payments

Texas law protects borrowers from wage garnishment on private student loans. Your employer cannot be ordered to withhold money from your paycheck for private student loan debt. Combined with Texas homestead protections and retirement account exemptions, private student loan lenders have limited collection tools in Texas. This makes the state an advantageous place to pursue settlement — lenders understand that taking a reduced settlement is often their best option.