Frequently Asked Questions
Immediate increase in the interest rate of your student loans to 18.5% in addition to any collection agency fees.
Immediate loss of your Title IV Financial Aid benefits.
Negative reporting to the three credit bureaus that could result in difficulties obtaining home and auto loans and credit cards.
Withholding of your federal income tax return by the IRS to repay the defaulted student loans. Administrative Wage Garnishment of up to 25% of your paycheck.