• Services
  • Resources
  • About
  • File FAFSA®
  • Scholarships
  • Classfinder
  • Frank for Partners
  • How to Pay for College
  • FAFSA® Guide
  • COVID-19 Resources
  • FAFSA® Deadlines
  • College Costs
  • FAFSA® Financial Aid
  • What is FRANK?
  • FRANK Impact
  • FRANK FAQs

Quick. Easy. Free.

Afford the school of your dreams. File FAFSA® with Frank today.

Search
  • Log in
  • Join Frank
Skip to content
  • FAFSA® Financial Aid
    • What is FAFSA®?
    • How to Apply for FAFSA®
    • FAFSA® Eligibility
    • Types of Financial Aid
    • Financial Aid Questions
    • Guide to FSA ID
    • For Parents
  • Money & Finance
    • Budgeting
    • Work Study Jobs
    • Grants and Scholarships
    • College Costs
    • Managing Taxes
    • Student Loans
  • Career Paths
    • Discover Careers
    • Career Advice
    • How to Pay for Nursing School
  • Succeeding in School
    • Student Life
    • Why College?
    • What do I Need to Prepare for College?
    • For Parents: Preparing Yourself
    • How Does College Work?

Quick. Easy. Free.

Afford the school of your dreams. File FAFSA® with Frank today.

  • How It Works
  • Parents
  • Schools
  • How to Pay for College
  • FAFSA® Financial Aid

    • What is FAFSA®?

    • How to Apply for FAFSA®

    • FAFSA® Eligibility

    • Types of Financial Aid

    • Financial Aid Questions

    • Guide to FSA ID

    • For Parents

  • Money & Finance

    • Budgeting

    • Work Study Jobs

    • Grants and Scholarships

    • College Costs

    • Managing Taxes

    • Student Loans

  • Career Paths

    • Discover Careers

    • Career Advice

    • How to Pay for Nursing School

  • Succeeding in School

    • Student Life

    • Why College?

    • What do I Need to Prepare for College?

    • For Parents: Preparing Yourself

    • How Does College Work?

  • Services

    • File FAFSA®

    • Scholarships

    • Classfinder

    • Frank for Partners

  • Resources

    • How to Pay for College

    • FAFSA® Guide

    • COVID-19 Resources

    • FAFSA® Deadlines

    • College Costs

    • FAFSA® Financial Aid

  • About

    • What is FRANK?

    • FRANK Impact

    • FRANK FAQs

Quick. Easy. Free.

Afford the school of your dreams. File FAFSA® with Frank today.

Category: Understanding Default

Your student loan will go into default if you’ve consistently been delinquent in making payments. Consequences of going into default include having to pay the entire balance at once, no longer receiving deferment options, losing additional financial aid eligibility, and having your wages garnished.

  • Forgiveness, Cancellation and Discharge

How can bankruptcy affect financial aid?

  • Posted on

Bankruptcy is a complicated issue that affects numerous areas of your life. But in general,…

Read More
  • Understanding Default

How to Get Out of Student Loan Default

  • Posted on

There are three main ways to get out of student loan default, including consolidation, loan rehabilitation, and repaying the loan…

Read More
  • Understanding Default

What Is Student Loan Wage Garnishment?

  • Posted on

  Choosing to end your student loans payments, will hurt you more in the long run. The longer you wait…

Read More
  • Understanding Default

How to Stop Student Loan Garnishment

  • Posted on

The U.S. government will garnish or withhold some of your wages if you default on your student loans. This will…

Read More
  • Understanding Default

What Do I Do if My Loan Goes Into Default?

  • Posted on

  Student loan debt can be overwhelming. With more than $137 billion in education debt (and counting), 8 million borrowers…

Read More
  • Understanding Default

Private Student Loan Default Options

  • Posted on

Defaulting on a private student loan is a serious issue that can have a major negative impact on your credit…

Read More
  • Understanding Default

How Do Defaulted Student Loans Affect My Credit?

  • Posted on

Defaulted private student loans and most defaulted federal student loans stay on your credit report for seven years from the…

Read More
  • Understanding Default

Understanding Consequences of Student Loan Default & Borrower Options

  • Posted on

Defaulting on a student loan will have a significant impact on your immediate and long-term financial outlook. Your credit score…

Read More
  • Understanding Default

What Happens When I Miss a Student Loan Payment?

  • Posted on

If you’ve missed a student loan payment, you’re not alone. Around 8 million borrowers defaulted on their federal student loans…

Read More
  • Understanding Default

Student Loan Default Help

  • Posted on

Student loan default occurs when your loan is delinquent for a period of time specified by the lender. How long…

Read More

Helpful Links

  • college campus
    Types of Student Loans You Should Know
  • man reading resume
    Why are resumes and cover letters important?
  • glasses on notebook with laptop
    Best Resume Format & Popular Resume Templates
  • keyboard and hands
    Hesitant to file the FAFSA®? Here’s why you shouldn’t be…
  • student at laptop with coffee
    The 2022-23 FAFSA® is Now Open: Here’s Why You Should File Now
easy fafsa filing

Easy FAFSA® Filing

Our free and easy platform guides you through FAFSA®'s hundreds of fields, helping you complete it in only minutes!

Latest Resources

  • yellow typewriter on a table
    How to choose a college essay topic that stands out
  • Calculator on orange table
    What is the graduated student loan repayment plan?
  • Girl sitting at a desk, biting her pencil.
    What happens if I submit my college application late?
appeal your financial aid

Appeal Your Aid

Frank helps prepare your documents and aid appeal letter so that you can get your aid reconsidered.

Popular Resources

  • When do I Need to Start Saving for my Child’s College?
  • Tips for Parents Saving for College
  • Can I Withdraw Money From My IRA to Help Pay for Expenses?
discover colleges

Search for Colleges

Find the college of your dreams with FRANK’s college search resource.

Featured Resources

  • student at laptop with coffee
    The 2022-23 FAFSA® is Now Open: Here’s Why You Should File Now
  • keyboard and hands
    Hesitant to file the FAFSA®? Here’s why you shouldn’t be…
  • glasses on notebook with laptop
    Best Resume Format & Popular Resume Templates

WE ARE NOT AFFILIATED WITH THE U.S. DEPARTMENT OF EDUCATION. FEDERAL STUDENT AID (FSA), AN OFFICE OF THE U.S. DEPARTMENT OF EDUCATION, MAKES THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA®) FORM AND ASSISTANCE AVAILABLE TO THE PUBLIC FOR FREE AT FAFSA.GOV.

TAPD, LLC, AKA “FRANK” AND “CHASE WITH FRANK,” IS A WHOLLY OWNED SUBSIDIARY OF JPMORGAN CHASE BANK, N.A. (“CHASE”).

Services
  • File FAFSA®
  • Scholarships
  • Classfinder
Resources
  • How to Pay for College
  • FAFSA® Guide
  • FAFSA® & Financial Aid
  • Money & Finance
  • Career Paths
  • Succeeding in School
  • COVID-19 Resources
  • Search College Costs
About
  • FRANK Impact
  • What is FRANK?
  • Meet the Team
  • Careers
  • Blog
  • Press
  • Reviews
  • FRANK FAQs
  • Contact Us
Frank
  • For Parents
  • For Military
  • For Partners

Sign up for our newsletter!

  • Privacy Policy
  • Terms of Service
  • Security
  • Make a CCPA Request
×