Get accurate information and assistance to help resolve defaults it loans or grants through myeddebt.com that have been assigned to departments resolution group. There are many grant programs included that can be resolved through federal student aid at myeddebt.com.
If you are not confident in which default you have a regarding what type of loan or grant you have, you can use the national student loan data system or check the original loan or grant documents that you have concerning the loan. Some of the loans and grants that are covered under this debt resolution portal include the following:
Direct loans. Direct loans include federal Stafford, consolidation and plus loans that are offered through the William D Ford direct loan program. Grants that are included are the teach grants that have been converted to direct unsubsidized loans.
Federal family education loans. These types of loans include federal Stafford, federal consolidation and federal plus loans.
National SMART grants and TEACH grants. In some instances you may have to repay part of the federal grant awarded to you.
Federal Perkins loans. When these loans are placed in defaults, they may remain with the school or they can be assigned to the department for collection.
To help get your grant or loan resolved, navigate myeddebt.com by selecting the proper link located towards the bottom of the page. The different choices you have include borrower, school,Guaranty agency, employer and private collection agency. Click the term that best describes your situation, and click the go button.
Each resolution will allow you to view information regarding your account, give you a list of options that can be used and allow you to make an educated decision on how to take care of the loan or grant. Through your account you can view your defaulted debt amount, do your payment history and view many options for resolving your debt.
What is Myeddebt?
This myeddebt.ed.gov site is the centralized Web portal for any information and activities related to defaulted federal education debt for the U.S. Department of Education. ... Unauthorized use of this information system is prohibited and subject to criminal and civil penalties.
How do I make a payment on Myeddebt ed gov?
NOTE: If you mail a payment, you must write your name and account number on the face of your check or money order and make it payable to the US Department of Education. Please call us at 1-800-621-3115 (TTY: 1-877-825-9923) for questions regarding your defaulted student loan account.
How can I get my student loan out of default?
You have three options for getting out of default: loan rehabilitation, loan consolidation, or repayment in full.Loan Rehabilitation. ... Loan Consolidation. ... Repayment in full. ... Enroll in an income-driven repayment plan. ... Consider setting up automatic payments. ... Track your loans online. ... Keep good records.More items...•Jul 31, 2017blog.ed.gov › 2017/07 › 3-ways-to-get-out-of-student-loan-default3 Ways to Get Out of Student Loan Default - ED.gov Blogblog.ed.gov › 2017/07 › 3-ways-to-get-out-of-student-loan-default
Do student loans go away after 7 years?
Normally, a defaulted debt will fall off a report after 7.5 years from the date of the first missed payment. ... A defaulted federal student loan, older than 7 years may not appear on a credit report. However, because there is no Statute of Limitations, collections can and will continue.