I attended school from 8/93 - 6/96 receiving student loans throughout this period. Afterwards I never made any payments and defaulted on all my loans, finally consolidating in Oct 2001 after my wages started being garnished. According to an Experian credit report some of those defaulted loans won't be dropped until 12/06. My question, since I never paid on any loan until after the default period shouldn't these loans drop sooner than 2006. It seems that 10 years, after I received the last loan is way too long. Any thoughts?

Come on somebody here must have an opinion or educated guess!!!

The loans have probably been transferred a couple of times since you defaulted and each transfer counts as a separate tl with a separate reporting period. This is probably why exp has the reporting period that they do, although ex has reaged several of my student loan tls.

It doesn't matter when you received the loan. And BTW, the loans will report as defaulted until the 7 year reporting limits are up. You consolidated while in default, the default status will stay. I did the same thing, and I'm stuck too. Noone told me about rehabilitation when I went through the consol. process, so that sucks, but it's boards like this that get the word out.

I'm sorry to be the bearer of bad news, but you're stuck with the default notice until it falls off. You can dispute it, but in my experience, the Dept Of Ed always verifys.

Thanks all for getting back to me. You're right it's not good news but I guess I don't have a choice.