We do not recommend defaulting on your loans. There are serious consequences for doing so. If you have questions about what it means to be in default, please review Consequences of Default.pdf (82.6 KB) .
Below are some of the ways to protect yourself. Your student loans are unjust and should not be repaid. But it is important to protect yourself. Have a question? Ask it in the comments section.
Deferment and Forbearance
Did your school defraud you?
A: File a DTR and get into admin forbearance/stopped collection.
$0 IBR
If you don’t make very much money, you may qualify for loan payments as low as $0.
What if I’m already in default?
You are on strike! Do what you can to protect yourself by seeing if the above options are available to you. Also, don’t forget to dispute credit report: Dispute Errors on Your Credit Report — The Debt Collective
What about private student loans?
A: Dispute them: Dispute a Private Student Loan — The Debt Collective
What if I’m currently being garnished?
Request a hearing on the wage garnishments:
https://tools.debtcollective.org/wage-garnishment-dispute
Other things that can really fuck with the DOE/servicer:
Everyone should request their master promissory notes. Let’s put them through their paces and make them respond to thousands of requests for paperwork!