Charged off private student loans

[cynhgm]

Does anybody know what's going to happen with your student loans once you completed a chapter 13 bankruptcy?

Sallie Mae charged off my private student loans and handed them over to a third party CA. Since I filed I am now safe from all kinds of collection efforts (it did take SM a long time, though, to finally stop calling me) but what's going to happen after the five years are over? Are they going to haunt me again and demand full repayment at once or will the loans be put back into good status and I pay them off as I used to?

Also, is there anything I can do about the 25% fee they tagged on as collection fees (almost $10k just for that alone is ridiculous). I really feel that I am taken advantage of; as if filing BK is not punishment enough.

[lovebirds]

Wasn't your student loan payment included in your Chapter 13 budget?

[cynhgm]

Wasn't your student loan payment included in your Chapter 13 budget?

Yes, they are included put the payments that SM is getting barely cover the accruing interest while the loans are in forbearance. And since student loans are not dischargeable my question is if my loans will be in good standing again after the BK discharge or if I have to deal with CAs again.

I would just call SM and ask those questions but I am so bitter with them for now the way they've been handling this all that I am unlikely able to have a rational conversation with them.

[lovebirds]

That is the only reason I am filing a Chapter 7 instead of 13. I told my hubby to just not work until we qualify. Private student loans are scary business. I am frightened of what happens after forebearance.

I would call the Sallie Mae and/or credit agency and be proactive about it. Maybe you can revert any fees. The loan itself will probably be larger due to the compounding interest.