Jason G. asked:


Hi. I want to go back to college but I have to take care of student loans first. I was told that if your loans go into default, you have to contact the creditor handling the student loans and tell them you what to get into a rehabilitation program? What is rehabilitation and how does it work?

I tried asking my loan officer from my old college about it and he wouldn’t give me a straight answer.

Please let me know. Thank you.

asked:


I had two student loans each about 2,500 dollars each. I have been out of work for 5 years raising my duaghter and haven’t been able to afford any kind of payments on the loans. Since then a creditor has taken over. I now owe 8,000 to them. Is there any student loan companies that will take it over and I can make payments to them at a low interest rate. I am now working and would like to start paying on my loans. Thanks