@roxy72wrote:No my loans are not in rehab. I was told that they will no longer be reporting the late payments.
I'm not aware of any program that removes late payments from federal students loan accounts - I don't think it's possible to get the lates removed (other than waiting for the 7 years since they occurred). If you figure it out and it does indeed exist, please update because I have a number of lates I'd like taken off, too. 😅
From what I understand, loan rehab removes default status but does not remove lates.
@RobertEGwrote:Some federal student loans are subjected to the normal credit report exclusion of delinquencies at 7 years, while others are exempted from the credit report exclusion provisions of the FCRA until the loan is paid.
Just to confirm my understanding lates are excluded as follows, yes?
Stafford - excluded once the delinquency is 7 years old
Perkins - excluded once the loan is paid or once the delinquency is 7 years old, whichever is later