Hi there, this is Jonathan Ginsberg. I'd like to talk to you today about how to deal with and fix a defaulted student loan. First, I want to clarify that I'm only discussing federal student loans. These loans are issued by the United States Department of Education or guaranteed by the Department of Education. If you have a private student loan that is not owned or guaranteed by the federal government, different rules and tactics apply. This information is specifically for federal student loans. It's important to note that even within federal student loans, there are different kinds of loans. Some examples include Direct Loans, Stafford Loans, Perkins Loans, and PLUS loans. Each of these loans have their own set of rules and regulations. Therefore, it's essential to know what type of loan you have. This is where we come in as representatives for our clients. We help them understand their specific loan and navigate through the complexities of student loan law. Now, let's discuss the concept of being in default. While there may be some variations in rules, generally for most federally or federal guaranteed student loans, being more than 270 days late on payments usually results in default. Perkins Loans, however, have a shorter default period. To determine if your loans are in default, we analyze the nslds transcript, which provides a portfolio of your student loans. If we determine that your loans are indeed in default, we have two options. The first option is to settle the matter quietly. It's important to note that this option is unique to student loans, as most other loans do not provide the right to cure them once they have gone into default. Student loans allow you the opportunity to bring the loan back into good standing, and it's a privilege that you should...
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Loan rehabilitation income and expense ination kheaa Form: What You Should Know
REHABILITATION OF NON–FEDERAL LOAN PROPERTY OCCUPANCY AND ENFORCEMENT ACT PART 2: HOUSEHOLD INCOME Items 9 – 19 — Items 10 – 20 — Borrower is unable to make payments to the loan and there are no reasonable and sufficient funds available to make the payment. This loan is being discharged in conformity with the provisions of subpart D of this part. If the borrower qualifies for the income-driven repayment plan, the borrower may have an option to make payments that will reduce his or her outstanding loan balance.
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