Trellis Company collects on federal student loans made under the Federal Family Education Loan Program.
Trellis Company is a nonprofit organization that collects on federal student loans after a borrower misses nine straight monthly payments and defaults. If Trellis is calling you, look out! It’s because you’ve defaulted on your loans, and your student loan servicer has moved your account to Trellis to begin collections.
Since March 30, 2021, the CARES Act forbearance has paused wage garnishment and other collection activities for Trellis and other commercially held FFEL loans. If your money was seized after that date, you can get it back. Contact Trellis to request a refund.
The coronavirus-related payment freeze ends on August 31, 2022. Before payments resume, the White House plans to give all federal student loan borrowers a fresh start by returning their defaulted student loans to good standing. But in some cases, you might want to act now.
The Education Department hasn’t said how soon that would happen. If you need to get out of default before September, say to borrow more federal student aid to return to school or clear CAIVRS to qualify for a federally backed mortgage, look into loan rehabilitation and consolidation.
Ahead, learn what Trellis Company is and how it can help you with your student loans.