Had the U.S. Department of Education ED stop collection activity during the COVID-19 national emergency?
Yes, the U.S. Department of Education ED has stopped collection activity on defaulted federally owned student loans and/or grant overpayments. In addition, interest is temporarily set at 0 % on defaulted federally owned student aid debt.
What happens if I choose to make three payments on the defaulted loan before you consolidate it?
choose to make three payments on the defaulted loan before you consolidate it.