Federal Student Loan Rehabilitation
Loan Rehabilitation is a unique opportunity for you to have your defaulted student loans deleted from your Credit Bureau report. You will have to qualify for this program by making 9 on-time payments, over a 10 month period to show good faith on your defaulted loans. Rehabilitation has significant benefits such as:
- Qualify after 9 on-time payments, over a 10 month period.
- Defaulted loans currently reported are deleted from Credit Bureau Report.
- Repayment terms of 9-30 years based on loan balance.
- Reduction of balance if collection fees have been added to your balance
- Elimination of collection activity.
- Ability to qualify for further Title IV funds.
