We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. " To see how much you’d pay monthly using each option — refinancing, federal consolidation and income-driven repayment — enter a few details about your loans in the consolidation calculator below. We’re on your side, even if it means we don’t make a cent.You’ll get a new loan term between 10 and 30 years, depending on your balance. A longer term also will result in paying more in interest.
Contact your loan servicer immediately for help, and ask them about your options.The gov website helps student loan borrowers, who are in default, to arrange debt payments.There are multiple ways to contact the Default Resolution Group , or you may call 1-800-621-3115.If you are unsure which agency is servicing your defaulted student loan(s), you may retrieve your loan information from the National Student Loan Data System (NSLDS).This system contains financial aid information collected from schools, agencies, and other educational institutions.You will need your Federal Student Aid (FSA) ID information to access your account.