What should I do about student loans?

Fortunately, the federal government offers a variety of options for repaying your student loans, even after you’ve been in default. Ignoring the problem won’t make it go away, and if you do not take action to get your loans out of default, you could wind up facing serious consequences.
  • Credit Score

    • Your credit rating will plummet, making it difficult for you to rent an apartment, secure a car loan, or qualify for a mortgage.

  • Access

    • You will not have access to any further federal financial aid or to the government’s deferment, forbearance, and forgiveness plans.

  • Tax Refunds & Wages

    • Any income tax refund you have coming could be garnished. Your wages could also be garnished.

  • Due Date Acceleration

    • You could face “acceleration” – in other words, the entire balance of your student loan debt, plus any collections fees, will become due immediately.

Visit the Color My Credit Store to book a consultation with Alisa, sign up for the course, or get the book!

Looking for more?
Visit the Store

Looking for more?

I have a ton of free information right here on this site as well as my YouTube, Instagram, Facebook, and TikTok to take care of almost any credit situation.

However... some of you may need a bit more help, and that's okay. You're free to take advantage of one of the following options so we can work together to build you a credit empowerment plan tailored to your needs.

One-on-one Consultations
Choose either 30 or 90 minutes of personal coaching. We'll go over your reports and put together a game plan for you.

The Color My Credit Online Course
The online course is available for a one-time purchase, then it's available to you forever! Work at your own pace to cover pretty much any situation you might be facing when rebuilding your credit, including collections & charge-offs, judgements, student loans in default, and filling your pockets with extra savings.

Color My Credit in Paperback or EBook Format
Get the Color My Credit book and begin your journey to credit repair in a classic format.

Color My Credit Digital Workbook
A companion piece to Color My Credit and your credit empowerment journey.
Visit the Color My Credit Store

It's as easy as 1-2-3!