Consolidating consolidation de debt information
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They can be made by a bank, a credit union, a state student loan agency or a college or university.Missing payments on your federal or private student loans can hurt your credit rating and your financial future.Missing a payment on a student loan can result in late fees, additional interest charges, and can increase the cost of repayment over the lifetime of your loan.You can also contact your servicer (the company that sends you a bill each month) about enrolling.They will likely ask for proof of your income, such as a tax return or pay stub, to determine your payment.Whether you are interested in our undergraduate, MBA, or executive programs, Georgetown Mc Donough is prepared to help you become a principled, globally minded leader.
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This tool provides information and advice for optimizing how you pay off your student loans based on some basic information about your situation.
While we can’t give you advice for your exact situation, we hope it can point you in the right direction and help you learn about some of your options. Federal student loans are loans made or guaranteed by the Department of Education.
Most borrowers on active-duty will qualify for this benefit, so it makes sense to start here.
To obtain an interest rate reduction under the Servicemembers Civil Relief Act (SCRA), contact your servicer and ask about this option directly.
If you have gone more than 9 months (270 days) without making a payment on your federal student loans, you may be in default.