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Student loans live on forever until paid. They cannot be discharged in bankrupcy. You might try for a deferment due to income issues.

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17y ago

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Default on a student loan?

In the US, if you don't pay your student loans for 270 days, they become default. When they become default, the collection agency will start to garnish your wages and the government will keep all future tax return refunds. You should consolidate your student loans and prevent the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your student loans, click on the link below.


What happened when a default judgment for student loan is placed?

In the US, if you don't pay your student loans for 270 days, they become default. When they become default, the collection agency will start to garnish your wages and the government will keep all future tax return refunds. You should consolidate your student loans and prevent the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your student loans, click on the link below.


What are the options available for Naviant student loan repayment?

The options available for Naviant student loan repayment include standard repayment, income-driven repayment plans, deferment, forbearance, and loan forgiveness programs.


What are the options available for repayment of student loans?

The options available for repayment of student loans include standard repayment, income-driven repayment plans, extended repayment, graduated repayment, and loan forgiveness programs.


What are the options for managing student loans payments?

Options for managing student loan payments include income-driven repayment plans, loan consolidation, refinancing, deferment or forbearance, and seeking loan forgiveness programs.


What are the options available for managing student loan debt as a changed student loan borrower?

Options for managing student loan debt as a changed student loan borrower include income-driven repayment plans, loan consolidation, loan forgiveness programs, and refinancing with a private lender.


How can i get secured Loan without verifiable income?

To get a secured loan without verifiable income, someone can provide a peace of land or a car as a security for the loan. When someone defaults, the bank can simply net off the balance from the security.


What does it mean to have an outstanding loan and be in default?

To have an outstanding loan and be in default means that you have forfeited to make the required repayment instalments on the principal loan. You still owe the loan amount and the relevant interest levels.


What are the options for obtaining a student loan for online courses?

There are several options for obtaining a student loan for online courses, including federal student loans, private student loans, and alternative financing options like income share agreements or tuition installment plans. It's important to research and compare the terms and conditions of each option to find the best fit for your situation.


Your student loans are in default your attorney says if you file bankruptcy you will still receive your federal income taxes is this true?

While in general you should always follow your attorney's advice, you may wish a second opinion from another attorney this time. A bankruptcy does not get you out of student loans. If you were going to lose your income tax refund to the student loan people, then even after bankruptcy you still will.


What options are available for non-degree students seeking loans to finance their education?

Non-degree students seeking loans to finance their education have options such as private student loans, personal loans, and income share agreements. These options may have different eligibility requirements and terms compared to traditional student loans.


Get a student loan without a co-signer or steady income?

Yes, there are a number of student loan options for those who can't get anyone to cosign and those who have bad credit. One option is a federal loan.