At the moment, our services are designed for borrowers whose federal student loans are not in default. While there are often excellent repayment and forgiveness strategies available after default is resolved, those options are generally unavailable until the loans are brought back into good standing.
The good news is that there are federal programs that can help you get out of default. In many cases, Loan Rehabilitation can be a valuable option because it removes the default status from your credit history and allows you to retain any prior qualifying repayment months and income-driven repayment eligibility. Rehabilitation is completed after 9 on-time monthly payments. Once completed, your loans will be out of default and you can once again access Income-Driven Repayment plans and other federal student loan benefits.
If your loans are in default, it is important to take action as soon as possible. Collection activities, including wage and tax refund garnishments, may resume for borrowers in default. The sooner you begin the process of resolving your default, the sooner you can regain access to affordable repayment options and avoid potential collection actions.
We recommend contacting the Default Resolution Group at 1-800-621-3115 or visiting studentaid.gov to learn more about your options for resolving the default. Once your loans are out of default, we'd be happy to provide a free evaluation and help you determine the best strategy to minimize your payments and maximize any forgiveness opportunities available to you.
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