Rehabilitating a Bad Student Loan

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Bad Credit and Student Loans and other Student Loan topics.

Rehabilitating a Bad Student Loan

Chase Tip: If you find yourself in a situation where you may default on a student loan, talk to your lender first to see if there are other options available to you. This applies to both private and federal student loans. Once you default, you have limited options available. Although, if you have federal loans, you may be able to seek a federal student loan consolidation and agree to specific terms through the student loan consolidator including the possibility of making payments as dictated by the Income Contingent repayment plan.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Student Loan Tip Site? Request a Tip Now!

Guru Spotlight
Jennifer Mathes, Ph.D.
Buy My Book