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Student Loan Debt Issues with debt arising from student loans and education expenses.

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Old 05-05-2006, 02:19 AM
INeedYourHelp INeedYourHelp is offline
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Unhappy Student Loan Consolidation or Rehabilitation
I currently have about $4700 in student loans that are seriously in default. I wanted to rehabilitate and then consolidate, but they want $2000 up front to rehabilitate, which I don't have. Is it better just to consolidate? I don't want them to take my tax refund away next year, so if I consolidate and keep all my payments on time, can they still take my refund? Please help
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Old 05-05-2006, 03:44 AM
Mr. Knowitall Mr. Knowitall is online now
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Default Re: Student Loan Consolidation or Rehabilitation
Did you find a consolidation lender willing to work with you despite your loans being in default?
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Old 05-05-2006, 04:46 AM
INeedYourHelp INeedYourHelp is offline
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Default Re: Student Loan Consolidation or Rehabilitation
Yeah, I can definitely consolidate, but I thought rehabilitation would be good cause then it would remove the default status from my credit report. But if I did that, I would totally have to repay the loan within the next 6 months, which I can't afford.
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