A loan that has gone unpaid for at least 270 consecutive days enters into default.
Student loan default rates have been on the rise in the United States over the past several years and the issue is becoming a major U.S. economic problem.
This is what happens when your student loan enters into default with the Federal Government:
Options are available to help
Most people do not realize that there are programs designed to help those who may be struggling with their student loan payments. Thousands of borrowers have trusted Ameritech Financial to be their advocate. Click here to find out what options are available. Our services could help you get back on track.Get Started Learn More