Are there options if I am in default on my federal student loans?
Yes, you have many options to help you get out of default on your federal student loans.
Have you failed to make your payments on your federal student loans?
Yes, I have not made payments lately and are in default.
You can find out how to get out of default and not let your current consequences of default ruin your financial future.
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What happens after defaulted loans have been consolidated?
Your Direct Consolidation Loan will be eligible for benefits such as deferment, forbearance, and loan forgiveness and you could receive additional financial aid; and the defaulted loan would still be on your record of credit history.
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What are the actual benefits to me with loan rehabilitation?
Are you asking the benefits of when a student loan is in rehabilitation?
Yes, that is what I want to know.
The default status will be removed from your loan and any garnishments will be stopped.
Will eligibility for additional benefits be available for me again?
Yes, you will be able to apply for a deferment, forbearance, choice of repayment plans or loan forgiveness and can be eligible for more student aid and default will be removed from your credit history.
