Of course. Another option for getting out of default is to consolidate your defaulted federal student loan into a Direct Consolidation Loan. Loan consolidation allows you to pay off one or more federal student loans with a new consolidation loan.
Would you like to know how to consolidate a defaulted federal student loan into a new Direct Consolidation Loan?
No, thank you.
Unfortunately, no relevant information is found.
I'd like to know something else. What can you tell me about repayment in full?
Well, a third option for getting out of default is to repay the full amount of your defaulted student loan.
One more thing I may be able to switch payment plans to get a lower monthly payment, consider an income-based payment plan, change my payment due date, or get a deferral or forbearance .. ok I get it and can I simplify the refund with the consolidation?
Yes You may want to combine your multiple federal student loans into a single direct consolidation loan to simplify repayment. There may be trade-offs, so understand the advantages and potential disadvantages of consolidation before submitting the application
Loans, unlike most grants, scholarships or study and work funds, must be repaid under what conditions?
The first thing you should know is that before you owe from the Office of the Consumer Financial Protection is Read your promissory note.
and what is your promissory note?