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> Current Rates, Repayment Charts, and Calculator > Michigan and Federal Loan Programs > Defaulted Student Loans > Repaying Student Loans > Finding Your Student Loans > All State of Michigan Programs > Financial Resources Database

Printer Friendly    Text Version  Email Page Defaulted Student Loans Student loan default occurs on a Federal Family Education Loan Program loan after 270 days of missed payments. Borrowers with loans in default should immediately contact the Michigan Guaranty Agency at 1-800-642-5626, extension 60600. Consequences of Default Avoid the consequences of default! Learn just a few of the consequences of not repaying your loan obligations.    Defaulted Loan Rehabilitation and Good Standing Being in default has serious consequences. Learn how to bring your loan back into good standing.    Federal Deferments and Forbearances for FFELP and Perkins Loans You have several options to postpone your loan payments and still remain in good standing with your lender.

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