Are you currently in default with your student loan?
Yes, I have fallen into arrears on my loan and am fearful that it will be handed over to a collection agency
If a collection agency is involved, you will liable for any of the costs involved in handing over the loan. The costs involved are equal to 17.92% of your outstanding balance, this amount includes principal, interest and fees
I have heard that some people have been told that their loans can be taken out of default for a fee. Is this true?
The best advice in this instance is to ignore this. Your loan can be taken out of default for free through the Default Resolution Group
Am I notified when a Treasury Offset is about to happen with my Student loan?
A notice of intent to offset your loan will be sent to your last known address. This notice will inform you that the offset will begin in 65 days. Normally, this correspondence will only be sent once
Is there any way that I can contact the Collection Agency involved with my Student Loan?
The Department of Education currently deals with the collection agencies as they are contracted to do so. A list is available on the website
What is the outcome if I don't agree to a repayment agreement on my defaulted student loan?