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Delinquency FAQs Click here to learn more!

:: What Happens If I Don't Repay? ::

If you are currently behind on your payments, you are considered delinquent. If you don't work with your lender to get your account up-to-date, you could default on your student loan.

Default occurs when:

At that point, your loan is purchased and can be collected on behalf of the U.S. Department of Education.

Defaulting on your student loan can result in many negative consequences, including:

Ready Set Repay and OCAP are dedicated to helping you manage your student loan debt and can help you develop a customized, successful repayment plan. You can reach one of our specialists at 855-737-2965 Monday through Thursday, 8 a.m. to 9 p.m. and Friday, 8 a.m. to 5 p.m. to discuss your situation. We're also available via email at WeCanHelp@ocap.org.

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