Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
Yes.
Default The Student Loan Documentary - 2011 was released on: USA: 21 October 2011
If you are in default on federal student loans you are not eligible for financial aid until you get them out of default.
Yes.
You can call the Department of Treasury. 1-800-304-3107. This is an automated system where you just put in all of your information and they will tell you whether an offser will occur, and the information as to who is doing it.
No, they will not.
In the US, a Federally Guaranteed student loan is considered default after 270 days on non-payment. If you need help with your delinquent or defaulted student loans, click on the link below.
Treasury Men in Action - 1950 The Case of the Lonely Student 2-8 was released on: USA: 22 November 1951
The easiest way for an individual to get out of student loan default is to pay off the remaining balance of the debt in full. This would also be the quickest way to rectify the issue.
You may not get advance warning, but you should receive a letter from the Treasury Offset Program telling you that your refund that you were expecting to receive has been offset. Many times, the offsetting agency (in your case, the student loans) will send you a letter beforehand informing you of their intent to offset your federal refund.
Not if he did not cosign on the loans.