Your first action here should be to walk away. Your loan can be moved out of default for free with the Default Resolution Group
I'd also like to learn more about Deferment and Forbearance for Student Loans. What if I choose deferment? Do you have any suggestions?
If that is the way you go consider paying the interest that accrues during that period, so that you can avoid some of the consequences.
I'd like to know more about money from wages. Is there a way for me to avoid having 15% of my wages garnished when dealing with loan collections?