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You must provide documentation of your income to your loan holder.

If you can’t afford the initial monthly payment amount described above, you can ask your loan holder to calculate an alternative monthly payment based on the amount of your monthly income that remains after reasonable amounts for your monthly expenses have been subtracted.

If you make three voluntary, on-time, full monthly payments before consolidating, you can choose from any of the repayment plans available to Direct Consolidation Loan borrowers.

One option for getting your loan out of default is loan rehabilitation.

When your loan is rehabilitated, the default status will be removed from your loan, and collection of payments through wage garnishment or Treasury offset will stop.

You’ll regain eligibility for benefits that were available on the loan before you defaulted, such as deferment, forbearance, a choice of repayment plans, and loan forgiveness, and you’ll be eligible to receive federal student aid.

If you failed to make your payments on your federal student loan and now are in default, don’t let the consequences of default affect your financial future. Loan Rehabilitation Loan Consolidation Repayment in Full Getting Help With Your Defaulted Loan One way to get out of default is to repay the defaulted loan in full, but that's not a practical option for most borrowers.

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*NOTE: We previously indicated that loan consolidation would result in removal of the record of default from a borrower’s credit history.These involuntary payments may continue even after you begin making payments under a loan rehabilitation agreement, but they can’t be counted toward the required nine voluntary loan rehabilitation payments.Involuntary payments may continue to be taken until your loan is no longer in default or until you have made some of your rehabilitation payments.You’ll need to provide documentation of your monthly income and expenses, including a completed form.Depending on your individual circumstances, this alternative payment amount may be lower than the payment amount you were initially offered.

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