Your rehabilitation allowance was calculated either based on the size of your family and your adjusted gross income from your tax return or financial situation (i.e.: Your discretionary income after calculating your monthly income, expenses, country of residence and family size. xi) except in point (c) of this section , the guarantee agency must, during the recovery period, limit contact with the borrower for the rehabilitated loan to collection activities prescribed by law or by law and communications that support the pardon. 2. A loan is considered rehabilitated only if – (iii) A borrower can only benefit from a suspension of the administrative salary trim when he tries to rehabilitate a defaulted loan. 4. After the rehabilitation of the loan, the borrower receives all benefits of the program from the date of rehabilitation, including all remaining deferral conditions under Section 428 (b) (1) of the Act. For any loan that will be rehabilitated on or after August 14, 2008, the borrower will not be able to rehabilitate the loan if the loan is defaulted after the refurbishment. You should sign the student credit rehabilitation contract if you want to get out of insolvency. The loan rehabilitation program requires you to make 9 monthly payments and turn on all necessary documents. The necessary documents often contain the income and expense form, proof of income and the signed refund letter.
(iv) the guarantee agency or its representatives may calculate the amount of the payment on the basis of oral instructions from the borrower or the borrower`s representative and submit a relief agreement to the borrower using this amount. The guarantee agency must ask the borrower to obtain the borrower`s request to confirm the AGI and the size of the borrower`s family. If the borrower does not provide the guarantee agency or its assistants with the documents requested by the guarantee agency to calculate or confirm the reasonable and affordable payment amount within a reasonable time set by the guarantee agency or its representative, the relief contract made available is null and void. (B) a percentage of the borrower`s total loan balance; or (2) After the completion of the loan rehabilitation phase, financial and economic educational materials, including information on debt management. If you are not ready to stay in a standard status forever, or if you can afford a federal study credit settlement, signing the letter will probably be your best step.