Another option for resolving federal student loan defaults is federal student loan consolidation. The way this works, is a borrower obtains a new federal loan. The new federal loan, then pays [...]
The federal student loan rehabilitation program is a temporary payment plan for student loans in default status. The borrower is required to make 9 on-time monthly payments, in a consecutive 9 [...]
Various administrative discharges eliminate the borrowers repayment obligation, for some, or all of their federal student loans. A federal student loan can be completely discharged, if the [...]
Tough financial times are just that, tough. When you are facing tough financial times, it is easy to put your student loans on the back burner, in hopes you can resume payments quickly. [...]