Can Student Loans be Negotiated ?

Student loans are secured loans that are supported by the federal government. In short, this gives lenders more tactics to collect funds and debtors less options to avoid them. The government is able to garnish wages without obtaining a legal judgment; it can withhold tax refunds, social security benefits, and other government aid; but most importantly, it makes these loans very difficult, if not close to impossible to have discharged through a bankruptcy.

All of these factors make it very unnecessary for creditors to negotiate any settlement with these accounts. Although I have seen some claims on the internet of student loans being successfully negotiated, I have yet to find any conclusive evidence. Additionally, I have not been able to find any type of negotiation company that will handle these types of loans.

Full text