Can I apply for student loan forgiveness if I have defaulted?
An example of an AI chatbot conversation about student loan forgiveness eligibility after default.
Can I apply for student loan forgiveness if I have defaulted on my loans?
Yes, you can still apply for student loan forgiveness even if you have defaulted. However, you may need to take certain steps first.
What steps do I need to take to get out of default?
To get out of default, you can either rehabilitate your loans or consolidate them. Rehabilitation typically involves making a series of on-time payments.
How long does the rehabilitation process take?
The rehabilitation process usually takes about 9 to 10 months, during which you'll need to make 9 consecutive, on-time payments.
Will my credit score improve after rehabilitation?
Yes, once your loans are rehabilitated, the default status will be removed from your credit report, which can improve your credit score.
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