 TITLE: What Is Student Loan Rehabilitation? CONTENT: Will Student Loan Rehabilitation Help My Credit?\n------------------------------------------------\nA major benefit of student loan rehabilitation is its positive impact on your credit. Unlike student loan consolidation (the other default resolution option) rehabilitation removes the record of default from your credit report.\nThat means your credit score may continue to suffer from your previous late payments, but it will likely also benefit from the elimination of the default notation on your credit report. Student loan consolidation happens faster than rehabilitation—within three months instead of nine months—but the record of default will remain on your credit report for seven years.\nWhen deciding between the two routes, check your credit report to identify how dramatically the record of default may be affecting your credit. Consider whether you'd like to apply for new credit, such as a mortgage or car loan, in the near future. Your decision will likely come down to getting out of default fast versus enjoying the long-term benefit of the default record's removal. END