You can easily restore eligibility for brand new loans and funds and get rid of the loan standard by “rehabilitating” a defaulted loan.

You can easily restore eligibility for brand new loans and funds and get rid of the loan standard by “rehabilitating” a defaulted loan.

To be eligible for FFEL or Direct Loan rehabilitation, you must make 9 monthly obligations within 20 times of the deadline during a duration of 10 consecutive months. The 9 away from 10 guideline essentially lets you miss your re re re payment a month, but nonetheless meet the requirements to rehabilitate. Continue reading “You can easily restore eligibility for brand new loans and funds and get rid of the loan standard by “rehabilitating” a defaulted loan.”