Dept of ed consolidating student loans
You can have your federal student loans canceled for school-related reasons, such as your school closing, or in the event of disability or death. Department of Education will accept payment in the form of checks, money orders or credit or debit cards.Learn more » You could choose to pay the full amount of what you owe on your loan to get out of default. Learn more » On this page, we write exclusively about getting out of default on your Federal Direct and FFEL student loans.
However, there are some good players out there as well.Private student loans and Perkins loans operate under different rules, and for more information on getting out of default, you should reach out to your servicer or the school you attended.Another way to get out of default on a federal student loan is to consolidate it.This article contains references to products from one or more of our advertisers.We may receive compensation when you click on links to those products.