违约后果
You are responsible for repaying your 学生 loans, 即使你没有毕业, have trouble finding a job after graduation, or if you are not satisfied with your education. If you do not make any payments on your 学生 loans for over 270 days and do not make special arrangements with your lender to get a deferment or forbearance or relief, your loans will go into default. Defaulting on your 学生 loans has serious consequences, such as:
- Your loans may be turned over to a collection agency at which point, you are now responsible for the very high collection agency fees.
- Your wages may be garnished and you can be sued for the entire amount of your loan.
- Your federal and state income tax refunds may be intercepted or your Social Security benefit payments can be withheld.
- Your defaulted loans will appear on your credit record. A bad credit record can affect your ability to purchase a car, home and credits cards. It may also affect your ability to get hired at a job.
- You may lose eligibility to receive any more federal financial aid until you make proper arrangements.
Understand Student Loan Delinquency and Default
PCC’s Official Cohort Default Rate
防止违约
Some of the things you should do to help prevent default include:
- Make sure you understand your options and responsibilities before borrowing.
- Keep careful records regarding your loan. 把你所有的信件都复印一份, 取消检查, 本票, notices of disbursement and other forms in a file folder.
- 按时付款.
- Notify your lender or servicer promptly of any changes that may affect the repayment of your loan. For example, your home address, enrollment changes and/or graduation.
- If you are having trouble making your payments, your lender may be able to suggest alternate repayment options.
- If you encounter extreme financial difficulties, consider applying for a deferment or forbearance/relief on your loans.
推迟付款
The two options available for postponing repayment of your 学生 loans are deferments and forbearances. Stay in contact with the lender, they will help you determine if you are eligible for a deferment or forbearance 之前 你违约.
- 延期
The lender allows you to postpone repaying the principal of your loan for a specific period of time, making your debt more affordable. Contact your lender for more specific information regarding this process. - 忍耐
在忍耐, the lender allows you to postpone or reduce your payments, but the interest charges continue to accrue. Contact your lender for specific information regarding this process.
摆脱违约
To get out of default, you need to make arrangements with your loan servicer to repay the loan. Once you have made six regular payments, you will be eligible for additional Title IV aid. After you have made 12 regular payments and applied for and received "rehabilitation," you will no longer be considered in default. At this time, record of the default will be removed from the reports to credit reporting bureaus.
For information about your options, contact the servicer of the loan and/or the original lender. If you do not know who currently is servicing your loan, create an account with the National Student Loan Data System (NSLDS)
Schools that enter into an agreement with a potential 学生, 学生, or parent of a 学生 regarding a Title IV, HEA loan are required to inform the 学生 or parent that the loan will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, 银行, and schools determined to be authorized users of the data system.
问题?
If, at any time, you find you are having financial difficulties, do not ignore your 学生 loans! Call your 学生 loan servicer or Pima for help.
美国.S. Department of Education's Federal Student Aid (FSA) Ombudsman Group is also a neutral, informal resource to help resolve disputes and solve other problems with federal 学生 loans. The Ombudsman helps resolve problems related to 学生 loans when other approaches have failed. Borrowers must first make every effort to resolve 学生 loan problems before contacting the Ombudsman. Borrowers who have completed steps to resolving their loan dispute and are still not satisfied may contact the Ombudsman by either completing an 在线表单 或者拨打1-877-557-2575.