You’ve got defaulted on your own VSAC student loan, but do not panic!
VSAC will be here to guide you that assist one make an innovative new start. Take steps today to finish the effects away from default.
When you yourself have a federal otherwise private education loan inside the standard that have VSAC, click on the tabs lower than to possess guidance according to the types of loan you borrowed.
You really have options to escape student loan default. The most important thing you could do are work with VSAC now. We’re right here to assist!
- Government Loan Standard
- Individual Loan Standard
The new Company of Degree established an extension of your stop for the student loan money, desire accrual, and you can range issues until .
Your defaulted VSAC FFEL mortgage continues to be qualified to receive an effective 0% rate of interest and pause of range situations courtesy . Find considerably more details at
Your ily Education loan (FFEL) System financing having VSAC. VSAC federal financing include FFEL Stafford, FFEL Including fund, and you may FFEL Consolidation Financing.
- a destroyed credit history
- location which have a portfolio agencies
- salary garnishment
- confiscation of federal tax refunds otherwise state tax refunds, property tax customizations, and/otherwise tenant rebates through the New york Setoff Business collection agencies Program to pay for the defaulted mortgage(s); otherwise
- loss of federal scholar support eligibility
And therefore alternative works for you and makes it possible to satisfy the needs? There are many options to completely repay or get VSAC government college loans-along with Stafford, As well as, and Consolidation finance-away from standard. Continue Reading