Comments on: What Loan company will take over my federal student loans when the loans are in default? http://www.debt-loans.biz/blog/studentloans/what-loan-company-will-take-over-my-federal-student-loans-when-the-loans-are-in-default/ Call 888-653-9681 To Get Debt Help Now! Sun, 30 Oct 2011 13:10:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: beut_els_guese http://www.debt-loans.biz/blog/studentloans/what-loan-company-will-take-over-my-federal-student-loans-when-the-loans-are-in-default/#comment-6 beut_els_guese Tue, 23 Sep 2008 02:14:39 +0000 http://www.debt-loans.biz/financial-aid/what-loan-company-will-take-over-my-federal-student-loans-when-the-loans-are-in-default/#comment-6 Right now it's taking over 9 months of consecutive payments to get out of 'default'. I have no way of knowing which lender is going to take over your loan because quite frankly, student lenders have really clamped down on who they will work with. This can also mean that you could stay in collections until it's paid off. The collection agency will work to find a lender to take your loan back over once you're out of collections. Once you are deemed out of 'default', you can then apply for student financial aid. Right now it’s taking over 9 months of consecutive payments to get out of ‘default’. I have no way of knowing which lender is going to take over your loan because quite frankly, student lenders have really clamped down on who they will work with.

This can also mean that you could stay in collections until it’s paid off.

The collection agency will work to find a lender to take your loan back over once you’re out of collections.

Once you are deemed out of ‘default’, you can then apply for student financial aid.

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