What to do when your student loans go into default

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By KYW Newsradio 1060
By Amy E. Feldman, Judge Technology Solutions
PHILADELPHIA (KYW Newsradio) — What can you do about student loans if you go into default?  

On the list of the stupidest college courses are "Sociology of Miley Cyrus" taught at Skidmore College and "How to Watch Television" taught at Montclair State University, which has to make you wonder: is there a textbook, and am I paying for that? 

College acceptances are in and you are putting down your first tuition payment. The most important lesson is that those loans will come due whether or not you graduate and whether or not you get a job.  If you're more than 270 days behind on your payments, you'll be in default. Once you go into default, there are some things that you can do. 

The best is to get them cancelled. But that happens for some bad reasons, such as total permanent disability or death, or for some good reasons - if you're a teacher or in public service, there are programs to cancel your loans. 

If you're not eligible for loan cancellation, you can work with the lender on affordable payment plans or consolidate your loans with a new loan.  

Visit studentaid.ed.gov to see options. And of course, you might decide to stop focusing on your TV watching major and find a path more likely to get you a job.