What happens with student loan delinquency and default?
Make sure you are paying your loans because they must be repaid and not put into delinquency because of non payment.
Have you missed a payment or having trouble making payments?
Yes, I have missed a payment because having trouble making payments.
It is important for you to contact and discuss options immediately with the organization that handles billing and other services for your loan to avoid defaulting on your loan.
who should I contact for the Federal Perkins Loan Program?
You should contact the school where you received all the loan details for.
What is happening with regards to student loans during the COVID-19 emergency?
All federal student loan borrowers have been automatically placed into an administrative forbearance and alllows you to stop paying monthly payments for now and no interest is being charged.
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What if I have a poor credit rating?
It might be difficult for you to obtain things like credit cards.
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What if I have defaulted on some of my federal student loans?
You should get in contact of the organization that notified you of the default as soon as possible so you can explain your situation fully and discuss your options.
