Consolidating default student loans dating a well hung
This often, but not always, results in a lower payment.You can then choose between the 15% formula amount and the amount based off the more detailed information.
You can find out who this is on the National Student Loan Data System (NSLDS).
To regain this eligibility, your fastest solution would be consolidation.
This may also be your only option if you are in the middle of enrollment.
Advantage: Once your loans are rehabilitated, the default will be removed from your credit history (though the delinquency will stay). Consolidating out of default is a faster way to get out of default than rehabilitation, but it doesn't have the same advantages.
You can consolidate your loans out of default by doing either of the following: This means that you can have your loans out of default in 3 months or less!