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rehabilitation

Rehabilitation of Student Loans

For many consumers, student loan debt is a giant, and seemingly never-ending burden. Most consumers have federal student loans, which provide a variety of statutory rights that do not apply to private student loans.

One of the most important rights is called rehabilitation: the right to make nine reasonable and affordable payments to restore federal loans into good standing.

As of July 1, 2014, there are new rules for student loan rehabilitation, and the changes are consumer-friendly. Here are some of the most important changes.

[Read more…] about Rehabilitation of Student Loans

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