How to Get Out of Default on School Loans?

Answer Not repaying your school loans places your debt into "default" status. According to the National Consumer Law Center, federal student loans fall into default after you miss nine months of payments.... Read More »

Top Q&A For: How to Get Out of Default on School Loans

Can you still get loans for school if you are in default?

Failing to pay student loans as agreed puts the loans in default. Signing a Master Promissory Note, or MPN, obligates the loan recipient to pay back money loaned for college expenses. Unless a loan... Read More »

What Loan company will take over my federal student loans when the loans are in default?

When your federal educational loans are in default, you have several options:You can repay the loan in full.You can negotiate a new payment plan with your lender.You can "rehabilitate" your loan.Yo... Read More »

How to Default on Student Loans?

Student loans seem like a good way to finance a college education. Interest rates on student loans are low, and borrowers don't have to start repaying student loans as long as they continue to go t... Read More »

Student loans in a default?

try to aim for grants/scholarships more... they are not to be paid back. its confusing sometimes, but just keep applying. every big (and small) company you see (manufacturer, orgs, corps and groups... Read More »