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Student Loan Rehabilitation
Federal Student Loan Rehabilitation is a good way to get out of Federal Student Loan Default. To rehabilitate your federal loans you must make 9 out of 10 consecutive monthly payments on your defaulted loan.
These payments are typically made to the collection agency that is collecting for the loan. Many collection agencies are difficult to work with and they simply will not give you adequate payment terms.
Once you have successfully rehabilitated your loan, your loan is out of default...
Related topics : get student loans out of default / federal student loan
Income Based Repayment on Federal Student Loans
Income Based Repayment Plans allow you to repay what you can afford on your Federal student loans. This is generally 15% of your discretionary income. You pay this amount for 20 or 25 years and then the remaining balance is discharged/cancelled.
Every year you have to produce evidence of your income to ensure you still qualify for the Income Based Repayment Plan.
If you are in default of your federal students loans you must first get out of default before you can get on an IBR plan. For...
Related topics : get student loans out of default / student loan repayment / federal student loan
Student Loan Default Attorney
http://www.studentloandefense.com. If you have been sued for a student loan debt please understand that you are not alone. Our firm has defended thousands of debt collection lawsuits for consumers. Contact us to find out how we can help you.
Related topics : student default loan
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