Continue making payments on your loan until you hear whether your discharge went through, or if you qualify for forbearance (a temporary suspension or reduction in payments).Though there are two major sources of student loans — federal and private – the federal side dominates the action, both in amount of money available and loan repayment programs.If you are unsure which agency is servicing your defaulted student loan(s), you may retrieve your loan information from the National Student Loan Data System (NSLDS).This system contains financial aid information collected from schools, agencies, and other educational institutions.If the combination of paying off credit card debt, auto loans and student loans becomes overwhelming, a debt consolidation plan could ease your financial difficulties.Stafford Loans are more common than Perkins Loans, the other type of federal student loans.
There are multiple ways to contact the Default Resolution Group , or you may call 1-800-621-3115.
The interest rates usually are higher than those on federal loans and there are some involved that aren’t part of federal loans.
Student loans come in many shapes and sizes, and the regulations for them can be different as well.
This guide can help you work through an issue with your loan servicer to resolve the dispute.2.
Request Help from the FSA Ombudsman Group If you have followed the guide and still cannot resolve your issue, as a last resort, contact the Federal Student Aid (FSA) Ombudsman Group.