Are there any programs available to help me get out of default on my student loans?

Yes, there are several programs available to help you get out of default on your student loans in Wisconsin. These include the Loan Rehabilitation Program and the Consolidation Program. The Loan Rehabilitation Program is offered by the U.S. Department of Education and can help you get out of default on your loans. Under this program, you must successfully make nine monthly payments, which must be scheduled over a period of at least 10 months. If you complete the program, the default will be removed from your student loan record. The Consolidation Program is another option for getting out of default on your loans. Through this program, you can combine multiple federal student loans into a single loan with one monthly payment. This can make your student loan payments more manageable. To be eligible, you must have at least one loan in default and submit an application to your loan servicer. After the consolidation loan is approved, your default status will be removed. If you are having difficulty making your student loan payments, you may also qualify for a repayment plan or deferment or forbearance. These options can help you reduce your monthly payments or temporarily postpone repayment. To learn more about these options, you should contact your loan servicer or visit the U.S. Department of Education’s website. With the help of these programs, you can get out of default on your student loans.

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