Don t get discouraged if you're in default on your federal student loan. 
You have multiple options to get out of default. If you failed to make your payments on your federal student loan and now are in default , don t let the consequences of default affect your financial future. Find out how to get out of default. Stopped Collection Activity and Temporary 0% Interest as a Result of the COVID-19 National Emergency To provide relief during the COVID-19 national emergency , the U.S. Department of Education ED has stopped collection activity on defaulted federally owned student loans and/or grant overpayments. In addition , interest is temporarily set at 0% on defaulted federally owned student aid debt. This 0% interest and stopped collections period will last from March 13 , 2020, through Sept. 30 , 2020. You can still make payments if you choose. Have questions? Find out about federal student aid flexibilities due to the COVID-19 national emergency. One way to get out of default is to repay the defaulted loan in full , but that's not a practical option for most borrowers. The two main ways to get out of default are loan rehabilitation and loan consolidation. While loan rehabilitation takes several months to complete , you can quickly apply for loan consolidation. However , loan rehabilitation provides certain benefits that are not available through loan consolidation. Take a look at the chart below to compare the benefits of loan rehabilitation versus the benefits of loan consolidation. Loan Rehabilitation and Consolidation Comparison Chart * NOTE : We previously indicated that loan consolidation would result in removal of the record of default from a borrower s credit history. That cell of the table has now been corrected to indicate that loan consolidation will not result in removal of the record of default from the borrower s credit history. If you rehabilitate a defaulted loan , the record of the default will be removed from your credit history. However , your 

user: Hello there. What can you tell me about repaying the loan in full?

assistant: Well, a third option for getting out of default is to repay the full amount of your defaulted student loan.

user: What if I don't have my loan holders contact information to make a payment?

assistant: Simply log in and select "view loan servicer details".

user: How can I get help with my defaulted loan?

assistant: Do you need help with your defaulted loan?

user: Yes, I do.

assistant: Then you will need to contact the holder of your defaulted loan. Find out who holds your loan by logging in and selecting "view loan servicer details". Remember: StudentAid.gov does not include information about any private student loans you may have received. 

user: What if consolidate a defaulted loan?

assistant: In that case the record of the default as well as late payments reported before the loan went into default will remain in your credit history. Late payments will remain on your credit report for seven years from when they were first reported. It's important that you fully understand loan rehabilitation and loan consolidation before making your decision.

user: Sounds good. Can I also reconsolidate a defaulted FFEL Consolidation Loan?

assistant: Yes, you may reconsolidate a defaulted FFEL Consolidation Loan without including any additional loans in the consolidation, but only if you agree to repay the new Direct Consolidation Loan under an income-driven repayment plan.