Re: Student loans in default! Advice please?
06-28-2008 11:45 AM
Call them immediately and explain the situtation.
They won't be able to do an in-school deferrment until September. However, you may qualify for one of the many other deferrments or a forebarence. You don't say why the loans went into default except that they were previously deferred so I cant tell you what you may qualify for.
If you dont qualify for a deferrment or forebarence, you should be able to work something out. If you only took one semester off, this should be relitively easy to do. Remember, the DOE doesnt want students to default and you will have an easier time fixing this before they transfer it to collections.
Also, if you don't do this now, you can forget about taking out any additional loans for September.
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