How to Remove a Defaulted Student Loan From My Credit Report

Federal student loans are in default after you fall 270 days behind on payments. Defaulted student loans remain on your credit history for seven years after they are paid off. The Department of Education lists three options for getting student loans out of default: loan repayment, loan consolidation and loan rehabilitation. Only loan rehabilitation removes the default from your credit report. Rehabilitation is a one-time option. If you default a second time, you can’t rehabilitate the loan again.

Other People Are Reading

Rehabilitate Your Student Loan

References

Comments

Please enable JavaScript to view the comments powered by Disqus.
  • Photo Credit bee_photobee/iStock/Getty Images

More Like This

How to Remove a Defaulted Student Loan From a Credit Report

How to Make Perfect Pancakes With a Ketchup Bottle

How to Fill Out

a Financial Statement for Defaulted Student Loans

You May Also Like

Failing to repay a student loan puts you in default, most likely resulting in a negative score on your credit report. While.

How to Remove a Defaulted Student Loan From a Credit Report. Pros & Cons of Home Equity Lines of Credit. How to.

Prospective college students everywhere are looking for ways to finance their higher education. Student loans are just one of the many options.

How to Remove Sallie Mae from Your Credit Report. How to Remove Transferred and Sold Student Loans From Your Credit Report.

Check your credit report and see if there are any errors. What if I Can't Find a Qualified Cosigner for My.

. the only method available for repairing the damage done to your credit report after. rehabilitate your student loan. You.

Featured

View Blog Post

Source: ehow.com

Category: Bank

Similar articles: