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Department of Student Financial Services
Avoid Past Due Status
Call us!!
We can often suggest a painless solution to avoid
damaging your credit rating. Sharon can be reached at (770) 836-6785
or by Email at: smarlow@westga.edu.
The
United States Department of Education, which
governs this student loan, assists our office in collection of delinquent and
defaulted Perkins Loans. We are obligated to notify our past due borrowers of
the following penalties:
- Delinquent or defaulted student loans will result
in a poor credit rating for the borrower.
- A poor credit rating will prevent you from purchasing
a car, obtaining a mortgage on a house, or acquiring a loan for business.
- Even if defaulted loan information is removed
from your credit record, the loan must be repaid.
- Defaulting on your loan can lead to law suits,
and/or garnishment of wages.
- Defaulted borrowers are ineligible for any additional
financial aid packages, or loan deferments.
- Penalties for defaulting on a student loan can
follow you into old age, resulting in your ineligibility to receive Medicare
and Medicaid reimbursements.
We want to help our borrowers avoid a poor credit
rating and the resulting economic hardships. Please call the Perkins Loan Collection
Office immediately to discuss a feasible repayment plan.
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