ing Student Loans
08-29-2012 03:42 PM
Are they federal loans? With those lenders, some or all of them may well be. I would reccomend that he looks into rehabilitation first. You can search these forums for all kinds of information and experiences, but long story short, you work out a 9 month payment plan on the defaulted loans, make good on it, and then get new, clean tradelines for each loan. After that, the loans are eligible for consolidation and other federal benefits (like the Income-based Repayment plan, and deferrments, etc.).