A notice of default is a public notice filed with a court indicating that a borrower has failed to meet mortgage payment obligations. What Is a Notice of Default? The term notice of default refers ...

Loan consolidation: Borrowers in default can consolidate one or more student loans into a federal Direct Consolidation Loan. This effectively restarts your loan, meaning you are no longer in ...

While more than 40 million borrowers nationwide still owe for their federal student loans, the Education Department said around five million of them are in default, meaning they haven't made a ...