VSAC has arrived to help you which help you to definitely create a start that is fresh. Make an idea now to finish the results of standard.
When you yourself have a federal or personal education loan in standard with VSAC, click on the tabs below for information in line with the style of loan you borrowed.
You’ve got choices to get free from education loan standard. The absolute most important things you can do is utilize VSAC now. We’re right here to greatly help!
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CONSEQUENCES OF FEDERAL EDUCATION LOAN DEFAULT
You’ve probably A federal that is defaulted family Loan (FFEL) Program loan with VSAC. VSAC loans that are federal FFEL Stafford, FFEL PLUS loans, and FFEL Consolidation Loans.
By making an agenda now, it is possible to end the consequences of standard on your own VSAC federal loan, including:
- A ruined credit rating
- Positioning with a group agency
- Wage garnishment
- Confiscation of federal income tax refunds or state income tax refunds, home taxation alterations, and/or tenant rebates through the Vermont Setoff commercial collection agency Program to pay for your defaulted loan(s); or
- Loss in federal pupil help eligibility
MANAGING FEDERAL EDUCATION LOAN DEFAULT