Student Loan Defaults

Student Loan Defaults

This module provides details on student loan default, its effects on a student borrower, and strategies for curing a default. The module also addresses the differences between federal and private loan default triggers and collection processes.

Topic Features

  1. Key points financial advisors must know about student loan default
  2. Time is of the essence
  3. The collection authority of the federal government is extraordinary!
  4. The options for dealing with loans in a default status are severely restricted, but collection can be challenged and default can be cured.
  5. Even Uncle Sam can’t get blood from a turnip!

Forms, Documents, Articles

  • Strategic Default
  • Direct_Consolidation Application
  • My Debt Web Site
  • Student Loan Borrower Assistance Information
  • Loan Rehabilitation Application
  • Direct Consolidation Application