I have more questions about student loans, what if I want deferment? Do you have any advice on this?
If that is the way you go consider paying the interest that accrues during that period, so that you can avoid some of the consequences.
Something else I want to ask, if my wife is my beneficiary, you will notify me before transferring you
Yes, they will let you know. Before a defaulted loan is placed with a private collection agency, you will get an explanation on what you can do to avoid both the assignment to a private collection agency and the reporting of default status to credit agencies.