Paying the Full Balance Owed
When you default on your federal student loan, the entire unpaid balance of your loan becomes immediately due and payable. One way to get out of default is to pay the entire balance owed. Repaying the entire balance owed does not have to be done in one lump sum payment. Rather, depending on guidelines from our client, you may be able to make arrangements to pay the balance in full using multiple installment payments.
If you previously defaulted on your student loans but are now in a financial position to pay off your entire balance, please give us a call to discuss what payment arrangement may be available to you.
We understand that for many people this is not possible. That is why we offer alternative repayment options.