Delinquency and Default


If you are having trouble making your monthly payment, we are here to help! Take a look at changing your repayment plan or postponing payments. Most importantly, give us a call! Our student loan specialists are ready to create an individualized repayment plan that fits your financial circumstances.

Please be advised, if your account remains deliquent beyond 90 days, your deliquent loans will be reported to all credit reporting agencies. 


Default occurs when your loan has been deliquent for more than 270 days. Default is very serious and may result in enforcement action including, but not limited to:

  • Wage garnishment
  • Tax refund seizure
  • Negative credit reporting
  • Capitalized interest and/or fees
  • Loss of eligibility for other federal student financial assistance

Please see the terms of your promissory note for additional details. CornerStone offers several repayment options to avoid default. Call us today!