Student Loan Rehabilitation

Student loan rehabilitation is a process that helps borrowers with defaulted federal student loans regain good standing. Typically, it involves making a series of agreed-upon, manageable payments over a period (usually nine months) to show repayment effort. Once completed, the borrower’s default status is removed from their credit report, and their loans are reinstated to current status. This process can also restore eligibility for benefits like loan deferment and might significantly improve credit scores, making it easier to qualify for future loans or financial products.