Options to Prevent Default (2024)

Change Your Repayment Plan

Need lower monthly payments? Determine if your income and family size will lower your monthly payment by using our Repayment Plan Evaluator. You may qualify for a payment as low as $0 on an Income Driven Repayment Plan. What you ultimately pay depends on the plan you choose and when you borrowed. You can switch to a different plan at any time to suit your needs and goals.


Repayment Plans:

Regular Repayment Plans Income-Driven Repayment Plans (IDR)
Standard*: Fixed Income Based (IBR)*: Generally 10% or 15% of discretionary income
Graduated: Low then increasing every 2 years Income-Contingent (ICR)*: Generally 20% or less of discretionary income
Extended Repayment: Fixed or
Graduated for up to 25 years
Pay As You Earn (PAYE)*: Generally 10% of discretionary income
Saving on a Valuable Education
(SAVE, formerly the REPAYE Program)
*:
Generally 10% of discretionary income

* In general, plans qualify towards Public Service Loan Forgiveness (PSLF). For more PSLF information visit studentaid.ed.gov. For the Standard plan this must be a 10-year plan, however no balance may be left to forgive, therefore this is not a good plan for PSLF.


Change Your Payment Due Date

Is your student loan payment due before you get paid? Changing your due date to another date within the month may be a solution (excludes the 29th through 31st ). If requested and approved, please allow up to two additional billing cycles to complete the change and be aware that your payment amount may change. In some instances, this may cause you to pay more interest over the life of the loan.


Temporarily Postpone or Lower Monthly Payments

Determine if your income and family size will lower your monthly payment by using our Repayment Plan Evaluator. You may qualify for a payment as low as $0 on an Income Driven Repayment Plan.

If you prefer to stay on your current repayment plan and are unable to make payments right now, you may have options to temporarily postpone payments if you meet certain eligibility requirements. Depending on the type of loan you have and the postponement option, interest may continue to accrue and capitalize (be added to the principal balance) when the option ends. Explore My Situation to find out more about these options.


Possible Reasons to Temporarily Postpone Payments
(Other Reasons MAY be Acceptable)

  • Americorps/Peace Corps

  • Cancer Treatment

  • Department of Defense Repayment Program

  • Economic Hardship/Financial Difficulties

  • Graduate Fellowship

  • In-School

  • Medical/Dental Internship

  • Medical Expenses


Making Payments

Payments can be made online, by phone, using a bill pay service, Auto Debit (provides a .25% interest rate reduction), or by mail. The payment address may be different based upon your account type. Log in and go to Contact Us for your payment address.

Always include your MOHELA account number when making payments. Do Not Send Cash. All payments must be drawn in U.S. currency on U.S. financial institutions or TD Bank.


Discharge/Forgiveness/Cancellation

Specific circ*mstances may result in some or all of your loans being forgiven through Student Loan Forgiveness. In most instances, you must repay your loan(s) even if you did not complete your education, are unable to find a job related to your program of study, or are unhappy with the education you received.


Possible Reasons for Discharge/Forgiveness/Cancellation

  • Bankruptcy (in rare cases)
  • Borrower Defense to Repayment

  • Closed School

  • Death (including student of a Parent Plus loan)

  • Income Driven Repayment

  • Loan Falsely Certified

  • School Refund Required but Not Made After Withdrawal

  • Teacher (Low-Income School or Educational Service Agency)

  • Totally and Permanently Disabled

  • Working in Public Service (i.e. Government employee, Not-for-Profit etc.)


Consolidate Your Loans

Do you have multiple student loans servicers? Simplify the repayment process with a Direct Consolidation Loan allowing you to combine all of your federal student loans into one loan for one monthly payment. However, there may be tradeoffs. Learn more about Consolidation, the possible advantages and disadvantages, before you consolidate.


Questions?

For more information and to select a different repayment plan call 888.866.4352, visit our Info Center or the U.S. Department of Education’s website at StudentAid.gov.


Options to Prevent Default (2024)

FAQs

How would you stop the default action of an event? ›

Using preventDefault() method to prevent the default action

This is the most common approach to prevent the default action of an event. The preventDefault() method is available on the event object that is passed to the event listener function, and it can be used to prevent the default action associated with the event.

How do I prevent default in a form? ›

The preventDefault() method cancels the event if it is cancelable, meaning that the default action that belongs to the event will not occur. For example, this can be useful when: Clicking on a "Submit" button, prevent it from submitting a form.

What is default prevented? ›

The defaultPrevented event property is used for checking whether the preventDefault() method was called for the event or not. Return Values: The defaultPrevented event property returns true if the preventDefault() method was called for the event, else it returns false.

What is the preventDefault method? ›

The preventDefault() method of the Event interface tells the user agent that if the event does not get explicitly handled, its default action should not be taken as it normally would be.

How do you prevent default Behaviour of an event in React? ›

Handling Events in Class Components

In the handleSubmit method, event. preventDefault() is invoked to prevent the default form submission behavior, allowing the React class component to manage the submit event and the corresponding state changes without triggering a browser page reload.

What is prevent default and stopPropagation? ›

preventDefault() prevents the default behavior of an element from happening, while event. stopPropagation() prevents an event from bubbling up the event chain.

How do you stop event bubbling? ›

To prevent event bubbling, you use the stopPropagation method of the event object. The event object contains properties that have information about the event that was triggered and the element it was triggered on. This object also contains methods – one of which is stopPropagation() .

What is the difference between prevent default and return false? ›

Use preventDefault(); if you want to “just” prevent the default browser behaviour. Use return false; when you want to prevent the default browser behaviour and prevent the event from propagating the DOM. In most situations where you would use return false; what you really want is preventDefault() .

What is the default action for form? ›

Default actions

If someone were to click the button, the browser would send the form data via POST request to the server, running the default action.

How to prevent a button from submitting the form? ›

To prevent buttons from submitting forms in HTML use the onsubmit attribute with return false value. Example: In the following example, we are adding the onsubmit attribute with return false and hence the form will not be submitted.

What is stopPropagation? ›

The stopPropagation() method of the Event interface prevents further propagation of the current event in the capturing and bubbling phases. It does not, however, prevent any default behaviors from occurring; for instance, clicks on links are still processed.

What is the opposite of e preventDefault? ›

There is no opposite method of event. preventDefault() to understand why you first have to look into what event. preventDefault() does when you call it.

How do you stop event handling? ›

Inside the event handler function, you call the 'stopPropagation' method on the event object. In this example, the 'stopPropagation' method is called when the button is clicked. This stops the event from propagating any further. If there were any other event handlers on parent elements, they would not be triggered.

How do you block a default action in JavaScript? ›

To prevent a default action – use either event. preventDefault() or return false . The second method works only for handlers assigned with on<event> . The passive: true option of addEventListener tells the browser that the action is not going to be prevented.

How can you stop the intended Behaviour of an event in JavaScript? ›

Event: stopPropagation() method

If you want to stop those behaviors, see the preventDefault() method. It also does not prevent propagation to other event-handlers of the current element. If you want to stop those, see stopImmediatePropagation() .

What is the effect of the event of default? ›

An event of default typically grants a lender the option to take several different rights. These include: the right to terminate any existing and future obligations; the right to demand immediate payment of the outstanding principal amount and any interest owed throughout the course of the loan; and.

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