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
Do you know how I can get information about my loan servicer? and where can I get help with my delinquent loan?
Do you need help with your defaulted loan?
Yes, I do.
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.
What if consolidate a defaulted loan?
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.
Sounds good. Can I also reconsolidate a defaulted FFEL Consolidation Loan?