Private student loan relief

Defaulted on a private student loan? You're not stuck.

If you have a job and the intent to pay, there may be a way out, a new fixed-rate loan that ends the default and replaces the chaos with one predictable payment. Even without perfect credit.

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Free. No obligation. No cosigner required.

Prefer to talk to someone? Call 844.230.7457

The private student loan trap

The options most people know about don't apply to private loans.

~$140B

Outstanding private student loan debt in America (estimated)

~2.3M

Borrowers with defaulted or charged-off private loans (estimated)

Federal rehab, income-driven plans, or forgiveness for private loans

Private loans don't come with federal safety nets. Miss enough payments and the relief programs everyone talks about simply don't exist for you. The balance gets charged off, the calls start, and a lawsuit can follow, which is exactly why so many borrowers feel trapped.

Here's the part most borrowers miss

Default doesn't have to be the end of the story.

A defaulted private loan can be refinanced into a new fixed-rate loan that gets you current.
It's based on where you are now, a job and intent to pay, not a perfect credit score.
No cosigner required.
Checking your options is free and won't commit you to anything.

For a lot of borrowers, default isn't the end, it's the turning point.

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Situations we see every week

From "I'm out of options" to one payment.

The charge-off

A nurse finishes school and lands a good job, but a rough year sends a $40,000 private loan into charge-off. The collection calls start, and she assumes bankruptcy is her only move. Then she learns the defaulted balance can be refinanced into a single fixed monthly payment. The calls stop. She's current again.

The lawsuit

A father of two gets sued over an old private loan he thought was long gone. He's working full-time and wants to pay, he just needs a structure that fits his budget. A new fixed-rate loan replaces the lawsuit and the chaos with one predictable payment he can actually plan around.

Illustrative scenarios representing common situations, not specific customers.

How it works

Three steps. About 60 seconds to start.

Check your options. Tell us a little about your situation, free, no obligation, and no hit to your credit just to look.
See your path. If you qualify, our licensed lending partner shows you the fixed-rate options built for borrowers rebuilding.
Take control. Move your defaulted loan into one predictable payment and put the calls behind you.

Start My Free Check →

Why GradMerge

Clear, honest, and built around you.

We're not a lender

GradMerge educates and connects you. A licensed partner originates the loan.

No fees to you

GradMerge never charges the borrower a cent.

Your future, not your past

Approval weighs your job and intent to pay, not just your credit history.

Fully transparent

No hidden costs, no misleading offers, every step explained.

See if there's a way out, in about a minute.

Free, no obligation, no cosigner. Based on where you are now.

See My Options →

GradMerge is a marketing company and is not a lender. GradMerge does not make credit decisions, set rates, originate loans, or charge consumers a fee. Loans are originated and serviced by Alt Lending LLC, subject to its approval, eligibility, and applicable state licensing. Statistics shown are estimates for context and may vary. Any rates or terms are determined and disclosed by the lender. This page is an advertisement and is not legal, tax, or financial advice. Alt Lending, LLC (NMLS #2571325).