Frequent Contributor
LynnInMN
Posts: 465
Registered: ‎06-13-2008
Re: Student loans in default! Advice please?


bubbles0605 wrote:
I just got a letter from the DOE and it says that my loans are in default ( 4 loans, approx.10,000 total).
they were in Deferrment but I took this semester off and am going back again inSeptember.
Will they put them into deferrment again BEFORE the actual sememster starts?
Do I call and see what I can do? Or do I just TRY and get current
I just got a letter from the DOE and it says that my loans are in default ( 4 loans, approx.10,000 total).
they were in Deferrment but I took this semester off and am going back again inSeptember.
Will they put them into deferrment again BEFORE the actual sememster starts?
Do I call and see what I can do? Or do I just TRY and get current?
 
thanks in advance


With loans in default, you will no longer qualify for deferments or forebearances.  You also are no longer eligible for any federal financial aid.  You cannot bring a default current...the account has to be paid off to resolve the default. 
 
How long where you out of school for?  It take 280 days of non payment for a loan to default and you should have received numerous calls and letters warning you of the impending default.
 
Ex-Financial Aid Officer

Ex-Student Loan Collector