Consolidating student loans in garnishment usa dating friendship chat
But student loan debt is one of the worst kinds of debt to have if you can’t pay—it can’t be discharged in bankruptcy, and, as the primary lender of student loan money is the U. government (or, as it calls itself on the student aid website, “The Proud Sponsor of the American Mind,” which, if you think about it too hard, makes no sense), delinquent borrowers can be subject to brutal collection practices—including wage garnishment.
Wage garnishment sounds like it should be something nice, right?
Whom do I contact if I have questions about consolidation?
Private education loans are not eligible for consolidation, but for some Direct Consolidation Loan repayment plans, the total amount of your education loan debt—including any private education loans—determines how long you have to repay your Direct Consolidation Loan.
Repayment of a Direct Consolidation Loan will begin within 60 days after the loan is disbursed (paid out).
Your loan servicer will let you know when the first payment is due.
The government can do this because, well, it’s the government.
For example, if you have both Direct Loans and other types of federal student loans, and you have been making payments toward PSLF on your Direct Loans, you should not consolidate your Direct Loans along with your other loans.You can complete and submit the application online, or you can download and print a paper application from Student for submission by U. The consolidation servicer will be your point of contact for any questions you may have related to your consolidation application.Unless the loans you want to consolidate are in a deferment, forbearance, or grace period, it’s important for you to continue making payments on those loans until your consolidation servicer tells you that they have been paid off by your new Direct Consolidation Loan.To request technical assistance while you are signed in and completing the online, select the “Contact Us” tab in the top menu bar of Student From there, you can either complete and submit the feedback form or select “Additional Information” and contact the Student Loan Support Center at the phone number provided.