Here's what happens when you stop paying your federal. · two years after leaving school, students default on their federal loans at a rate of 9.1%, according to a 2013 report by the new york federal reserve. That. Discover student loans discover. How to consolidate your loan. Another way to get out of default on a federal student loan is to consolidate it. You can consolidate into a direct consolidation loan.
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My paycheck is being garnished for student loans. Paul writes in that is paycheck is being garnished over federal student loans and wants to know what to do.
