Resolving Default
If your federal student loan(s) is in default, you probably realize that it is a serious situation. However, there may be options available to you. We can help you understand which alternatives fit your personal situation. Contact us at 855-810-4922.
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Understanding Default
Have you received a Notice of Default? Defaulting on your federal student loan(s) is a serious matter. The federal government can seize your tax refunds. Your loan holder(s) can garnish up to 15% of your wages. The default may be reported to the national consumer reporting agencies (aka credit bureaus).
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Default Repayment Plan
Setting up a repayment plan acceptable to your loan holder(s) can protect you from some of the consequences of default, like administrative wage garnishment and withholding of your tax refunds and government payments.
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Pay in Full
Paying your outstanding loan(s) in full has advantages.
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Loan Rehabilitation
Would you like to bring your federal student loan(s) out of default? Find out if you qualify to participate in the loan rehabilitation program.
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Loan Cancellation
Federal student loans have built-in protection against things like fraud, school closings, permanent disability and death.
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Loan Consolidation
The Direct Consolidation Loan program refinances your federal defaulted student loan(s) into a new loan, with a single interest rate and repayment schedule.
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Resolving Issues and Disputes
Having a defaulted loan can create challenges. Find out about some of the most common issues and how to resolve them.
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