I recently got a call from a collector for Citi saying my private student loans were in default. I was confused because when I spoke with Discover to set up my loan repayment, they told me they had bought all of my Citi loans. When I asked Citi about this they said that my loan had actually been split, some to Discover and some to Citi. Citi now says I have 92k in due loans and that the only way to get these out of default is by paying the full amount or writing a letter to the Office of the President about my situation. I am currently repaying these to the collector (who Citi owns) but was wondering the best way to go about getting these out of default. Thank you.

The best information about default and getting out is on http://studentloanborrowerassistance.org.  You’ll find, unfortunately, that private student loan companies are not known for modifying loans or providing flexible options.  However, private lenders do not have the same powerful collection tools that the federal government has, so that’s good: http://www.studentloanborrowerassistance.org/collections/private-loans/getting-out-of-default/