Default Management provides financial awareness through Default Management workshops, Financial Literacy seminars and serves as the contact for students who desire in-house entrance and exit counseling. Default Management assists students with borrowing wisely, loan obligations upon withdrawal or graduation and assists students when repayment becomes difficult.

What is Default?

Default is the failure of a borrower to make installment payments when due, or to meet other terms of the signed promissory note.

Default management is here to assist you.

LaTonya Brister
Default Management Coordinator
Located in the Office of Financial Aid, Raymond Campus
Adam-Jenkins Bldg.
Office Hours: Mon-Fri 8 a.m.- 4:30 p.m.
Walk-ins are encouraged. For appointments, call 601.857.3867 or e-mail


Student loans must be repaid. Students usually pay back the money when they are no longer in school or become less than half-time. Students are not required to pay for any loans while in school. However interest can be paid on an Unsubsidized loan while in school, if the student elects to do so.

  • Federal Student Loans: The Federal Direct Student Loan [Direct Loan] Program
  • Two types of Stafford Loans:
    • Subsidized Loan- available to students who meet certain financial need. Federal government pays the interest on the loan while you are in school.
    • Unsubsidized Loan- available to students regardless of financial need. Students are responsible for the interest that accumulates on the loan.


U.S. Department of Education regulations require Federal Stafford Loan recipients to complete Exit Loan Counseling upon graduating or leaving Hinds Community College.

Paying for college links:


By learning financial basics while in college, you will be able to understand how to manage your money now. Default Management is available to assist students and periodically throughout the semester to provide counseling and workshops on financial basics.

You can learn to:

  • Borrow wisely.
  • Live with a budget.
  • Handle debit cards, credit cards, and checking accounts.
  • Prevent identity theft and avoid short-term financial fixes.
  • Set goals- and save for the future.
  • Invest for the future.

Failure to repay your loans enters you into loan default. Loan default can result in the following consequences:

  • Your entire outstanding loan balance becomes due and payable immediately.
  • Your default will be reported to national consumer reporting agencies and will affect your ability to obtain other consumer credit for up to seven years.
  • Your federal and state income tax refunds or other government benefit payments may be withheld.
  • You will lost deferment, loan forgiveness, and repayment options.
  • Your wages may be garnished.
  • You will be ineligible to receive any further federal and state financial aid.
  • You may lost or be denied a state professional license.
  • You may be sued.

Avoid default and work with your school or servicer of the loan in the event that you encounter repayment problems.


As you repay your student loan(s), you should be aware of additional resources to assist you.

Students can make monthly installments toward the repayment of student loans. Different repayment plans are available to fit your budget or situation. Speak with the Default Management office or servicer of your loan about different options that are available.

Repayment option links:

You have repayment tools

Students are allowed the opportunity to postpone payments for a period of time as determined by the servicer of the loan.

Repayment tool links:


The National Student Loan Data System [NSLDS] is the U.S. Department of Education's central database for student aid. It receives data from schools, agencies that guaranty loans, the Direct Loan program, the Pell Grant program, and other U.S. Department of Education programs. NSLDS provides a centralized, integrated view of Title IV loans and Pell grants that are traced through their entire cycle: from aid approval through closure. Click here to check the status of student loan amounts. Or you can call the Federal Student Aid information center 1.800.4FEDAID or TDD 1.800.730.8913.

If you have a dispute with your school, or servicer of your student loan(s), and you've been unable to resolve the issue, you may contact the U.S. Department of Education's Federal Student Aid Ombudsman's office at 1.877. 557.2575.

Frequently Asked Default Questions, this link may assist you with questions that you have. Although, please feel free to contact the Default Management office if you have any additional questions or concerns. We are here to help you!



Budget Wizard

There are many reasons to develop your own budget. A budget keeps you aware of your spending habits, helps you to borrow less, useful in the event of an emergency. The following websites will give you more information on ways to budget:



Loan Repayment Calculators

The websites below can help you get a better understanding of how much money you will need in order to pay off your student loans. The information provided is only an estimate and does not represent actual amounts that you will be required to pay back on your student loans. Student loan amounts vary. There are several factors that are also included when calculating the monthly payments of your student loans.


TIPS FOR STUDENTS: Protecting Personal Info

  1. Don't give anyone your Social Security, credit card, or bank account numbers unless you know the source and/or have initiated the contact.

  2. Don't just throw away papers that have important account or financial numbers listed on them. Tear up the papers or shred them. Thieves often go through the trash looking for intact bank account, credit card, etc. numbers which easily gives them access to your account.

  3. Keep your credit card and ATM receipts in a safe place. If you do not need them, there is no need to keep them. You should tear up or shred them.

  4. Don't leave bill payment envelops in a home mailbox for the mail carrier. Someone might take them. Instead, put your envelops inside a postal mailbox.

  5. Never send your credit card number over the Internet unless you are sure the website is secured and your computer is protected by anti-virus, anti-spyware, firewall, and other security software.

  6. Don't get hooked by "phishing." If you get an unexpected email asking you to update or verify any important information, be careful. It might be a "phisher," a scam artist trying to con you out of your personal information. For more information, visit

  7. Keep watch of your credit card statements, telephone bills for unauthorized use. It's also smart to retrieve a copy of your credit report for fraudulent activity. If you suspect fraud, call the company immediately.

  8. If you're a victim of identity theft, report the crime to the police immediately.

For more information on Identity Theft: