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Need Assistance - Multiple Student Loans Defaulted

Humbled82
Established Member

Need Assistance - Multiple Student Loans Defaulted

Hello group

I have multiple defaulted student loans and I dont really know how to start to fix them. I have gone to school twice and had to apply for loans during my terms at school. First time I had to leave school because of family matters and the second time I had to leave school because I could not afford it after a job layoff. Below is some details to the loans. Any advice or guidance would be greatly appreciated.

Number of Accounts: 14
13 of the accounts are: Direct
1 of the accounts is: Perkins
Loan Year Range (2000 - 2002): $4644.00
Loan Year Range (2011 - 2012): $32398.00

Total Student Loan Debt: $37042.00

 

Thank you in advance

Message 1 of 8
7 REPLIES 7
Adkins
Legendary Contributor

Re: Need Assistance - Multiple Student Loans Defaulted

Have you considered rehabbing them? 

Last HP 06-03-2022



Message 2 of 8
Humbled82
Established Member

Re: Need Assistance - Multiple Student Loans Defaulted

@Adkins 

Thank you for the reply back. I am not sure what the rehab process entails or how to start it. Do you happen to have any information I can read on rehabbing student loans? 

 

Thank you again

Message 3 of 8
Adkins
Legendary Contributor

Re: Need Assistance - Multiple Student Loans Defaulted


@Humbled82 wrote:

@Adkins 

Thank you for the reply back. I am not sure what the rehab process entails or how to start it. Do you happen to have any information I can read on rehabbing student loans? 

 

Thank you again


I'd start at the official government website: https://studentaid.gov/manage-loans/default/get-out

 

 

Last HP 06-03-2022



Message 4 of 8
Humbled82
Established Member

Re: Need Assistance - Multiple Student Loans Defaulted

@Adkins 

Thank you Adkins. I will start there and see what I can do to jumpt start this process. I really appreciate the assistance. 

Message 5 of 8
Adkins
Legendary Contributor

Re: Need Assistance - Multiple Student Loans Defaulted

You're welcome! If you do a general "rehab" or "loan rehab success" search in this forum you should find some people's experiences to give you an idea of what to expect. 

Last HP 06-03-2022



Message 6 of 8
Humbled82
Established Member

Re: Need Assistance - Multiple Student Loans Defaulted

@Adkins 

Thank you Adkins. I was able to contact my loan servicers and start my rehab process. Its was fairly easy and with the student loan pause I dont have to start paying back the loans after August 31st. 

 

Thank you again

Message 7 of 8
Adkins
Legendary Contributor

Re: Need Assistance - Multiple Student Loans Defaulted


@Humbled82 wrote:

@Adkins 

Thank you Adkins. I was able to contact my loan servicers and start my rehab process. Its was fairly easy and with the student loan pause I dont have to start paying back the loans after August 31st. 

 

Thank you again


You're welcome!

Last HP 06-03-2022



Message 8 of 8
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