Defaulted student loans recovering consolidating
San Francisco, CA 94105-1813 False certification You can apply for false certification loan cancellation if the institution you attended falsely certified your eligibility for federal student aid.
The National Consumer Law Center describes the four ways this can happen: “There are four specific categories that can lead to a discharge.
As of July 1, 2014, there are new regulations governing how you rehabilitate your loans, and allow you to pay as little at a month to rehabilitate your student loan.
If a debt collector refuses to offer you an option for which you believe you qualify, submit a complaint with the Consumer Financial Protection Bureau online or call (855) 411-2372.
In some circumstances, whether your loan is in default or not, you might be eligible to have your federal student loans canceled entirely.
On the flip side, if you have a Parent PLUS loan and consolidate it with other Direct Loans, you’ll lose access to most income-driven repayment plans on the entire consolidation unless you exclude the Parent PLUS loan from the consolidation (which you can do).
Parent PLUS loans are only eligible for the income-contingent repayment plan, but you have to have a Direct Consolidation first.
Private student loans and Perkins loans operate under different rules, and for more information on getting out of default, you should reach out to your servicer or the school you attended.
Another way to get out of default on a federal student loan is to consolidate it.
You can consolidate into a Direct Consolidation Loan, even if you only have one federal student loan.