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30May

You may have defaulted on your own VSAC student loan, but don’t panic!

You may have defaulted on your own VSAC student loan, but don’t panic!

VSAC is here now to help you which help one to create a start that is fresh. Make an agenda now to finish the results of standard.

When you have a federal or personal education loan in default with VSAC, click on the tabs below for information in line with the max lend kind of loan you borrowed.

You’ve got choices to get free from education loan standard. Probably the most thing that is important may do is make use of VSAC now. We’re right here to greatly help!

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CONSEQUENCES OF FEDERAL EDUCATION LOAN DEFAULT

You may possibly have a defaulted federal family members education Loan (FFEL) Program loan with VSAC. VSAC loans that are federal FFEL Stafford, FFEL PLUS loans, and FFEL Consolidation Loans.

By simply making a strategy now, you are able to end the results of standard on the VSAC loan that is federal including:

  • A credit history that is ruined
  • Positioning with a group agency
  • Wage garnishment
  • Confiscation of federal income tax refunds or state income tax refunds, home taxation alterations, and/or tenant rebates through the Vermont Setoff commercial collection agency Program to cover your defaulted loan(s); or
  • Loss in federal student help eligibility

MANAGING FEDERAL EDUCATION LOAN DEFAULT

Which choice is best suited you meet your goals for you and helps?

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