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Options to Prevent Default


If your payment has not posted to your account on or before your due date, your account is considered delinquent.

If you don’t make your student loan payment or make your payment late, your loan may eventually go into default. We are here to walk you through repayment plans you may qualify for, the pros and cons of each, and discuss other repayment options to ensure you are in a plan that is a good fit for you. If you are concerned that you won’t be able to make full or on-time payments, it is always best to contact MOHELA as soon as possible. We can help!

Once a student loan defaults, that status will be reported to all nationwide consumer reporting agencies, and your credit rating and future borrowing ability will be damaged. In addition, legal action can be taken to require payment through garnishment of wages and withholding of tax refunds. Learn more about the consequences of default and what to do if you are unable to make payments.

Don’t ignore your student loan payments! YOU HAVE OPTIONS! We are here to help you manage your student loan payments. With more than 30 years of servicing experience, MOHELA has knowledgeable and effective loan counselors who specialize in assisting borrower in financial distress. Contact us at 888.866.4352.

To see ways you may be able to lower or postpone your payments, see the sections on Repayment Plans and Repayment Options to Lower or Postpone Payments.