topic Re: Rehab - 9 months or 9 Payments? in Student Loans

Rehab - 9 months or 9 Payments?

wonder1 — Sun, 20 Jan 2013 00:14:28 GMT

Hi all,

I would like to clean up my credit as soon as possible. I am in rehibilitation with my Direct Loan. I'm curious if I can make rehibilitation payments early? Does it have to be one payment a month? Or, can I make payments anytime and get out of rehabilitation early once 9 payments are made? Has anyone finished rehab early? I'm on my fourth payment.

I can call them and ask, but you know how it is when you're curious about someting and you don't want to wait until business hours to learn more. Thanks!

Re: Rehab - 9 months or 9 Payments?

anackerman — Sun, 20 Jan 2013 03:21:12 GMT

I just started the process of rehab on one of my loans yesterday and it was explained to me that I need to make 9 sheduled payments for 9 months. She explained that multiple payments each month will not affect the legnth of my rehab.

Like I said, I'm new to this process, but that is the info I got yesterday while setting up my rehab.

Re: Rehab - 9 months or 9 Payments?

wonder1 — Sun, 20 Jan 2013 14:22:02 GMT

Thanks for the information. I guess I'll just have to wait.

Re: Rehab - 9 months or 9 Payments?

kjel — Wed, 23 Jan 2013 02:16:26 GMT

It's nine months of payments. I got a little lucky because I had just started sending in small payments as a goodwill gesture three months before the rehab program was offered so they credited them. I am almost at the end of 9 months and impatiently waiting for the next stage of getting my loans picked up.