Fresh Start Offers Simplified Path Out of Federal Student Loan Default
To help defaulted student loan borrowers ease back into repayment, the Department of Education has created the Fresh Start program.
To help defaulted student loan borrowers ease back into repayment, the Department of Education has created the Fresh Start program.
Dealing with loan servicers is a hassle, but dealing with a default is even worse. Because borrowers can sign up for $0 per month payment plans, default is avoidable.
Consolidation is a quick fix to defaulted federal student loans. Rehabilitation takes a bit longer but has some major advantages.