Consolidating federal loans with private lender
Once scholarships and grants have been explored, many people turn to student loans.In addition, legal action can be taken to require payment through garnishment of wages and withholding of tax refunds.Top within 120 days of the date your school disbursed your loan money (by crediting the loan money to your school, by paying it directly to you, or both). You don’t have to begin repaying most federal student loans until after you leave college or drop below half-time enrollment.
Loans can’t be canceled because you didn’t get the education or job you expected, and they can’t be canceled because you didn’t complete your education (unless you couldn’t complete your education because your school closed).
Your loan servicer will most likely be the school you were attending when you received the loan, but in some cases, the school will have a separate organization handle the billing and other services for your Perkins Loan.
Consolidating federal loans with private lender comments