Can a defaulted student loan be consolidated?
My husband and I have a daugher with severe birth defects we are in debt with medical bills, etc. I have a student loan that just went into default 3 months ago. Is there anything I can do to consolidate this loan and take it out of default status without paying it in full. I just don’t have $25,000 at this time. Consolidate with a more family based financial institution. … Consolidate with a more family based financial institution. Try for a building society or a credit union – if you explain your situation with them they would be more than happy to work something out for you. Also whenever you fall behind on payments or feel you aren’t going to make the payment contact them asap, do your best to avoid defaults as they can seriously hurt your credit rating. Hope all goes well for you and the bub 🙂 It’s not always easy, but it can be done. I am assuming … It?s not always easy, but it can be done. I am assuming the loans are all Title IV loans. The normal way to ?cure? a defaulted
