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Don't let the complexities of student loan defaults overwhelm you. Take control by accessing the forms you need today!
Failure to repay federal student loans has consequences. Learn about loan delinquency, default, and how to back get on track if you've missed payments.You can get out of student loan default through loan rehabilitation, loan consolidation, or repayment in full. If you default on your federal student loan, your loan balance may become immediately due, and your loan holder can start collecting on your loan. If your loan holder is unable to obtain payment from you for 270 days, they will take steps to place the loan in default and attempt to collect on the loan. Student loan default usually happens after 270 days of missed payments. Loan rehabilitation is one way to get your student loan out of default. What does it mean to be in default. Federal Loans: Default means that you have broken the terms of your student loan agreement.