After rehabbing what is the date of the trade line for new loans? Is it the date one made the first payment to the rehab program? Or is it the date one completes rehab? Also, the Department of Education representative told me that for one month I pay no one; can this be correct? She indicated I am in a sort of "limbo" after being out of default but prior to being moved to another servicer. Who now takes over the student loan? Is it sold? What will the interest rate be for the loans? Thanks for your input.

Not sure exactly how the reporting is done while in rehab status. Once your loan is successfully sold to a new lendor they will report it according to their policies.

Yes what the DoE told you is true. You will have a period during which your loan is being sold to a lendor/2ndary market/servicer and during that time no payment will be due and interest will continue to accrue. Generally, any payments you make during this period will be forwarded to whoever they sell teh loan to, and that party will apply the payment to your account and often backdate it to the first day they recieved your loan.

Although rehab removes the "defaulted" reporting, it does ***NOT*** remove any past delinquency.

Whose loans were these -- were they Direct Loans that were defaulted? If so, they actually *may* remove all of the delinquent information. DOE is the only one that often does based on reports here, although none of them (including DOE) has to do that. The loans generally just remove the default notation (or, in some rare cases, remove all of the delinquent information), so the date is when it was opened. They aren't really "new" loans per se, they're just your old one with that information removed. You often don't pay anyone for that month in between, but make very, very, very sure that's accurate for wherever your loans are. Who did you do your rehab with? If it wasn't DOE, then you probably want to confirm that with them. Sometimes that's true, but sometimes you end up make an extra payment to whoever you did your rehab with. Whoever you did the rehab with should also be able to tell you where it's going, too. The interest rate shouldn't change from whatever it is now.

Hope this helps! Congrats for finishing rehab!!