Monday, July 20, 2009

Rehabilitation Benefits

Rehabilitation Benefits

After completing loan rehabilitation, borrowers once again become eligible to receive financial aid. With the loan no longer in default, wage garnishment and the seizure of tax refunds ceases. Borrowers are able to apply for deferment and forbearance benefits as long as these have not been exhausted during default. And last, the entire outstanding balance of the loan is no longer due in full.

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