There is a loan rehabilitation program available to eligible defaulted Perkins loan borrowers. Restrictions apply. To successfully rehabilitate a defaulted loan, the borrower must make nine, on time, consecutive monthly payments in an amount determined by University of Nebraska at Kearney.
- The default will be removed from your credit history
- You will qualify for the benefits and privileges of your original promissory note
- Restoration of Title IV eligibility
A borrower may rehabilitate a loan only once, but there is no limit to the number of times a borrower may attempt to make nine consecutive, on time monthly payments.
In order to pursue rehabilitation you must make the request to University of Nebraska at Kearney Perkins Loans.
University of Nebraska Kearney
Perkins Loan Office-Founders Hall
2504 9th Avenue
Kearney, NE 68849
For questions or comments, please contact Karla Bauer.