VSAC is here now to help you which help you to definitely produce a fresh begin. Make an idea now to finish the effects of default.
You borrowed if you have a federal or private student loan in default with VSAC, click the tabs below for information based on the type of loan.
You’ve got choices to get free from education loan default. The essential thing that is important may do is assist VSAC now. We’re right right here to greatly help!
Go through the solid pubs to expand or compress each one of the subjects.
CONSEQUENCES OF FEDERAL EDUCATION LOAN DEFAULT
You could have A federal that is defaulted family Loan (FFEL) Program loan with VSAC. VSAC federal loans consist of FFEL Stafford, FFEL PLUS loans, and FFEL Consolidation Loans.
By simply making an agenda now, you are able to end the effects of standard on your own VSAC loan that is federal including:
- A credit history that is ruined
- Positioning with an assortment agency
- Wage garnishment
- Confiscation of federal taxation refunds or state income tax refunds, home taxation adjustments, and/or tenant rebates through the Vermont Setoff commercial collection agency Program to fund your defaulted loan(s); or
- Loss in federal pupil help eligibility
MANAGING FEDERAL STUDENT LOAN DEFAULT