There are options for when you default on your federal student loans to help you recover; however, your loans will have to be officially in student loan default. If you aren’t sure if you have reached the defaulted loan status, you can read up here on how to verify it. It is important to take action now to avoid the consequences of ignoring your student loan default.
How To Get Your Student Loans Out Of Default
There are three ways you can get your federal student loans out of default:
Each option provides the opportunity to stop or prevent further consequences of being in default. Read below to learn more about each to see which option may be best for your situation. If you are unsure which option may be best for your federal student loans, give us a call and we will help review your situation and potential courses of action.