 TITLE: Your Options for Getting Out of Student Loan Default CONTENT: How to Rehabilitate Student Loans\n---------------------------------\nRehabilitation is one of two options available to federal student loan borrowers who are looking to get out of default. It requires you to make nine reduced monthly payments in a 10-month period, and as a result, the default notation will come off your credit report. Late payments before the default will still appear, however. Here's how to complete the rehabilitation process:\n1.  Find the student loan servicer that manages your defaulted federal loan by logging in to My Federal Student Aid online. Using the contact information listed, explain to your servicer that you'd like to opt for loan rehabilitation for your defaulted loan.\n2.  Submit proof of income to your servicer. The company will then calculate a monthly payment amount equal to 15% of your monthly discretionary income. You can ask for a lower payment if the servicer's initial offer is not affordable for you.\n3.  Make nine monthly payments in the amount you've agreed to. If the government is withholding your wages or tax refunds to repay the debt, this may continue while you make payments under a rehabilitation agreement.\n4.  Once you've made nine full, on-time payments, your loan will no longer be listed as in default on your credit report. You'll also regain access to federal financial aid and repayment benefits, and wage garnishment and tax refund withholding will stop.\nYou only get one chance to rehabilitate a defaulted federal student loan—so if you default on that loan again, rehabilitation won't be an option for you. END