Student Loan Rehabilitation Services in Pittsburgh, PA

Are you a Pittsburgh, Pennsylvania resident dealing with the repercussions of defaulted student loans? Rehabilitating your loans could be the solution to regaining financial stability. This process helps improve your credit score by turning delinquent accounts into good standing and may also remove negative marks from your credit history, making future loans more accessible.

Need personalized help with student loan rehabilitation in Pittsburgh? Reach out to Graham & Borgese. Visit us online or call (888) 801-7765 to explore your solutions!

What Does Student Loan Rehabilitation Entail?

Initiating a student debt rehabilitation program involves committing to a 9-month payment plan agreed upon with your loan servicer. These payments, often as low as 1% of your total loan amount, are meant to be affordable. To qualify for reduced payments, you must demonstrate financial hardship. Remember, this is a unique opportunity for rehabilitation.

It's essential to follow the payment schedule strictly; payments must not be more than 20 days late. Failing to comply with this arrangement will keep your loans in default.

Rehabilitation is complete when a new lender assumes your loan. While the timeline for this transfer isn't fixed, it heralds significant benefits like the removal of negative credit marks and an updated loan status on the National Student Loan Data System. This enables you to reapply for financial aid and access a range of repayment options.

What Loans Are Eligible For Rehabilitation?

It's crucial to remember that rehabilitation is only available for federal student loans. Residents of Pittsburgh who own the following loans are eligible for this program:

• Federal Stafford loans
• Federal Perkins loans
• Federal PLUS loans for parents of undergraduates
• Federal Grad PLUS loans for graduate students
• Federal Consolidation loans
• Federal SLS loans
• Health Professions Student Loans (HPSL)
• Nursing Student Loans (NSL)

What Are The Benefits of Student Loan Rehabilitation for Pittsburgh Residents?

There are many advantages to choosing to rehabilitate your student loans:

• Ending legal actions and collection efforts
• Prevention of wage garnishment and tax seizure of your tax refund
• Loans restored to "current" status
• Eligibility for deferments, forbearances, and alternative payment arrangements was renewed
• Possibility of submitting more loan applications
• Possibility of raising your credit score

Talk To Our Pittsburgh Student Loan Rehabilitation Lawyers

For expert guidance on student loan rehabilitation, contact Graham & Borgese when you're ready to move towards financial stability. Begin your journey to recovery by calling (888) 801-7765 or visiting us online.

For personalized assistance with student loan rehabilitation in Pittsburgh, contact Graham & Borgese. Visit us online or call } to find out more about your options!