In the US, a Federally Guaranteed student loan is considered default after 270 days on non-payment.
If you need help with your delinquent or defaulted student loans, click on the link below.
The Education Department has revamped the way it reports student-loan defaults, which the government said had reached the highest level in 14 years. Previously, the agency reported the rate only for the first two years payments are required. Congress demanded a more comprehensive measure because of concern that colleges counsel students to defer payments to make default rates appear low.
Yes.
Yes.
Default The Student Loan Documentary - 2011 was released on: USA: 21 October 2011
No, they will not.
In the US, a Federally Guaranteed student loan is considered default after 270 days on non-payment. If you need help with your delinquent or defaulted student loans, click on the link below.
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
A Federal student loan is considered in Default at 270 days of nonpayment.
The easiest way for an individual to get out of student loan default is to pay off the remaining balance of the debt in full. This would also be the quickest way to rectify the issue.
Not if he did not cosign on the loans.
Most loans have consequences when you default like reporting negatively to the credit bureaus, garnishment of wages to repay the loan, ineligibility to get another student loan if needed; many late fees, and even a lawsuit to collect on the loan.
If your Federally Guaranteed student loans are in a Default status then the collection agency will place your name on the Tax offset list. Once on this list, you will not receive a tax refund check, instead it will be credited to your student loan balance. If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
In the US, yes you can. If you want help with the consolidation of your husband's defaulted student loans, click on the link below.