Sentences with phrase «current federal student loan default»

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If your current student loan debt exceeds 8 % of your income or if you have borrowed more then $ 5,000 in private loans and are struggling financially, a consolidation loan can help you avoid loan default, which negatively impacts your credit rating.You can not You can not consolidate private and federal student loans into a single consolidation loan because you lose the benefits of your federal loan.
This specialized database tracks current delinquencies and defaults within the last three years on things like federal student loans, FHA loans and other federal programs.
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