The federal loan rehabilitation program is a great way to get your student loans out of defaulted status so that you can explore the possibility of consolidation, repair your credit, and become eligible for other federal loans such as an FHA or VA loan. If you have defaulted on your student loans then you need to read this. Don't get discouraged and put it off, trust me on that one. This is your best option and can open the door for consolidating your debt at a later time so that you can move forward financially. Many negative consequences can result from allowing your student loan to default such as; wage garnishment, the withholding of your federal tax return, the destruction of your credit, and much more.
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