First you should understand your loan agreement, make sure you know all loan info, and make sure to get ahold of your loan servicer when you might have trouble making your payment.
Have you missed a payment or made a payment late?
Yes, I have missed a payment.
Then you would be considered delinquent and late fees probably will be added to what is due; but there is a chance that you could avoid default by contacting your loan servicer.
What should I do when I receive the welcome letter from my new administrator?
You must do the following, do you want to know?
I would like to know something about the successful payment of the federal student loan and avoid falling into default, is there an effective way to follow or track my loans online?
Yes, you can find out about all your federal student loans from the US Department of Education by signing in to "My Federal Student Aid".
Do you also know about Get Relief. I can do this even by applying for deferral and forbearance.
Yes, you can, but you need to keep in mind some considerations.
ok, another question, what steps should I take to choose the best loan? know of someone who has defaulted on their student loan? What would be the recommendations for not defaulting on my loan?
Always try to avoid default first of all and take the time to comprehend your loan agreements and what are the exact loan types you are getting; and never borrow more money than you need or more than you expect to pay back.
What should I do if my federal student loan is delinquent?
You should look into the Student Loan Debt Collection Assistant, which the US Department of Education developed along with Consumer Financial Protection Bureau because it has tools that will give you access to special repayment options.
What is my promissory note?