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What is student loan rehabilitation?

Discussion in 'Student loans' started by robbie1980, Dec 17, 2015.

  1. robbie1980

    robbie1980 New Member

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    Can someone please explain to me, in the simplest terms possible, what is student loan rehabilitation? What does it mean? Are there any risks to entering loan rehabilitation?
     
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  2. MovieStar44

    MovieStar44 New Member

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    I'll try to explain this as simple as possible: a loan rehabilitation is an opportunity for you to remove the loan from default status, so that you'll be eligible for other loans in the future. This is, however, a one time chance! If you fail to remove the student loan from its default status, you won't have a second chance to do so. This is, of course, the risky part, the fact that you basically have 1 shot.

    I hope I offered an OK explanation, if you need more details, let me know! :)
     
  3. ivanbox

    ivanbox Guest

    On top of the phenomenal work the president is doing already, he has put the issue of student-loan excess on the White Houses agenda.
    I wonder what kind of legislation would have to be forged and voted into place for default options to be made available.
     

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