Federal Student Loan Delinquency and Default: What to Know

“I’ve been working in the student loan industry for decades, with thousands of borrowers on both the compliance and advocacy sides. I can count on one hand the number of people who couldn’t be helped,” says Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit that provides free advice and resources to student loan borrowers. “There’s almost always a solution to help keep people from defaulting on their federal student loans.”