Loan Rehabilitation Programs

The Federal Loan Rehabilitation Program is an excellent benefit we are proud to offer our eligible borrowers. Rehabilitating your defaulted student loan involves setting up and maintaining a repayment agreement with EdFund. Once you have made nine on-time monthly payments, your loans may be eligible for rehabilitation. When you rehabilitate, your loans are transferred to a lender and any negative credit remarks reported by EdFund/CSAC will be deleted from your credit history.

Effective August 14, 2008, loans can only rehabilitated once, so it is very important to maintain your good payment status with your new lender. If you are interested in this program, please contact one of our account specialists to set up your repayment agreement. You can also complete this process online.