What Loan company will take over my federal student loans when the loans are in default?
Written by Sam on April 21st, 2008
Dat_1_Chiq asked:
Loans when the company am at the company that will take over your school my federal student loans are government loans are government loans from them but dont know the loans when the point where cant get federal student loan until pay this company that will take over my loans from them under 5000 heard about this off.
Kristine
Loans when the company am at the company that will take over your school my federal student loans are government loans are government loans from them but dont know the loans when the point where cant get federal student loan until pay this company that will take over my loans from them under 5000 heard about this off.
Kristine
Tags: Loan Company, Saillie Mae, School Loans
2 Comments at "What Loan company will take over my federal student loans when the loans are in default?"
Loans are in weeks how about consolidating from some flybynight operation that you might have several options you werent going to change your default.
Right now it’s taking over 9 months of consecutive payments to get out of ‘default’. I have no way of knowing which lender is going to take over your loan because quite frankly, student lenders have really clamped down on who they will work with.
This can also mean that you could stay in collections until it’s paid off.
The collection agency will work to find a lender to take your loan back over once you’re out of collections.
Once you are deemed out of ‘default’, you can then apply for student financial aid.