Many people find themselves overwhelmed by the burden of high student loan payments, feeling alone in their struggles. As the weight of student loan debt feels like a never-ending challenge, the stress and anxiety can become unbearable. In these challenging financial situations, it is easy to feel lost or hopeless.
However, God’s Word offers a source of comfort, peace, and wisdom. By turning to prayer and seeking God’s help, one can find relief from the financial struggles weighing heavily on them. Faith and prayers for guidance bring strength, knowing that God, the Provider, is always present to offer the wisdom needed to navigate these difficult times.
Through prayers for financial freedom and wisdom, we can trust in God’s plan and lean into His comfort and peace amidst the worries of student loans. As we reflect on Bible verses that encourage trust in God’s provision, we are reminded that we are never alone in our struggles.
The weight of high student loan payments can feel overwhelming, leaving many of us with constant concerns about how to manage our financial difficulties. In moments of stress, it’s easy to feel like there is no solution in sight. But through prayer, we can seek guidance from God, who provides the strength to face these challenges.
Powerful prayers for clarity and hope empower us to move forward, trusting that God’s provision will bring us the financial freedom we desire. With prayer, we open ourselves to a journey of peace, knowing that God is the ultimate source of breakthrough. These prayers remind us that even in our financial struggles, God has a plan to lead us to a place of clarity and prosperity, offering a way forward with hope and strength.
Prayers to Overcome High Student Loan Payments
Pray for God’s provision and guidance as you navigate the challenges of high student loans and debts. Trust that Jehovah Jireh, your provider, will give you the wisdom and discipline to manage your finances, reduce your burdens, and open doors for relief. Place your trust in His faithfulness and seek His peace to guide you through this financial journey, knowing He will provide for your needs.
Prayer for Wisdom in Handling Finances
Heavenly Father, I ask for Your wisdom in handling my finances. Please guide me in making the best decisions on how to manage my money and pay off my student loans responsibly. Help me find ways to save and spend wisely, so I can reduce my debt and make the most of the resources You’ve given me. In James 1:5, You promised to give wisdom liberally without reproach, and I trust You will guide me in making informed decisions that help reduce this burden.
Prayer for Financial Relief and Peace
Lord, I am overwhelmed by the weight of this heavy burden. I feel like the debt will never end, but I trust in Your promise. I cast my anxieties on You, as Psalm 55:22 encourages. Please provide relief and peace, and help me to trust in Your timing and plan. You are my great provider, and I believe You will sustain me through this financial struggle.
Prayer for Provision and Breakthrough
God, You are the One who will supply all my needs according to Your riches in glory in Christ Jesus (Philippians 4:19). I trust You to open opportunities for me to increase my income and provide the means to pay off my student loans faster. Please help me find jobs, scholarships, or any other ways to meet my needs. I believe that with Your provision, I will experience breakthrough and come closer to being debt-free.
Prayer for Strength to Persevere
Lord, the situation feels impossible at times, and I am so overwhelmed. But Isaiah 41:10 tells me to fear not, for You are with me. Please give me strength to persevere through this financial hardship. Help me to stay constant in prayer and keep my faith strong. I know You are with me and will provide the help I need to continue this journey.
Prayer for Trust in God’s Plan
Father, I trust that You have a plan for my life, as You say in Jeremiah 29:11 — a plan for my welfare and a hope for the future. Even in the midst of my debt, I know You will guide me to financial freedom. I believe that if I continue to seek Your kingdom and Your righteousness, You will add all I need, as promised in Matthew 6:33. Help me to make wise choices in managing my resources, so that I may become debt-free.
Prayer for Financial Freedom
God, Your Word in John 8:36 says, “If the Son sets you free, you will be free indeed.” I pray for the freedom to live without the weight of debt holding me back. Please help me to make wise choices in how I spend and save my money, so I can break free from being a borrower who is a servant to the lender, as Proverbs 22:7 teaches. I believe You have the power to help me achieve true financial freedom, and I trust that with Your guidance, I will live a life that is free of debt.
Prayer for Wisdom in Managing Finances
Heavenly Father, I come before You, asking for Your wisdom to manage my finances wisely. Help me to make informed decisions that will reduce the burden of my student loans. I pray that You will guide me as I save, spend, and pay off my debt efficiently. Show me how to be a good steward of the financial resources You have given me, and help me to make choices that honor You.
Prayer for Provision and Financial Relief
Lord, I am facing the stress of high student loan payments that weigh heavily on my heart. Please provide me with the provision I need to meet my obligations. Open opportunities for me to increase my income, whether through a job, side hustle, or scholarship. I trust that You are my provider, and I know that with Your mercy and favor, I can overcome this financial difficulty. Bring me relief from this burden and fill my heart with peace.
Prayer for Faith and Trust in God’s Plan
Heavenly Father, as I navigate my financial situation, help me to remain faithful and trusting in Your plan. When the weight of my debt feels overwhelming, remind me that You are always with me. I believe You are opening doors to new financial opportunities and that Your timing is perfect. I have faith that You will help me find solutions and give me the favor to achieve financial freedom in Your perfect time.
Prayer for Breakthrough and Strength
God, I pray for a breakthrough in my financial situation. The burden of debt feels like a constant weight, but I trust in Your ability to lighten this load. Give me the strength and discipline to focus on paying down my debt. Help me to be diligent, exercising self-control in my budget and prioritizing debt repayment. I know that You are my provider and that You will guide me in the right direction as I seek to be faithful with what You’ve entrusted to me.
Prayer for Overcoming Financial Challenges
Lord, I face many challenges in my financial situation. The burden of high student loan payments often feels like too much, but I know You are greater than any financial difficulty. Help me to stay hopeful and trusting in Your provision. As I continue to pray for a way forward, open financial doors and guide me to new ways to pay off my debt. Whether it’s through debt forgiveness, a job, or scholarships, I trust that You will bring about a resolution and help me find the path to financial freedom.
Prayer for Peace and Financial Freedom
Heavenly Father, I ask You to bring peace to my heart as I trust You to help me overcome my student loan debt. Please guide me in finding strategies to reduce my financial load and provide the relief I need. I pray that You will help me stay focused on what is truly important and give me the self-control to make the necessary changes in my life to live debt-free. I trust that You will provide the favor and the means for me to experience freedom from this burden.
Prayer for Trust in God’s Plan
Heavenly Father, I know that You have a plan for my life, even in the midst of my struggle with student loans. The weight of this financial burden often feels overwhelming, but I trust in Your timing and plans. Your Word says in Jeremiah 29:11 that You have plans to prosper me and not to harm me. Please help me to trust that You are leading me toward a hopeful future, even when my current financial situation seems difficult. Give me peace in my heart and mind as I walk through this process, knowing You are in control.
Prayer for Peace and Contentment
Lord, my heart feels troubled and sometimes afraid because of my financial struggles, but I know that Your peace is beyond all understanding. In John 14:27, You promised peace to those who follow You. Help me to be content in my current state, as Philippians 4:11-12 teaches, whether I am abased or abound. Let me be grateful for the provision You’ve already given me, and may Your peace fill my heart, knowing that You will continue to provide for my needs.
Prayer for Favor and Financial Relief
God, I ask for Your favor in this difficult situation. Please open doors for debt relief, whether through reduced payments, forgiveness, or other financial programs. Your Word says in Revelation 3:8 that You will open doors no man can shut, and I trust You will provide opportunities for me to make progress. Guide me to the pathways where I can increase my income, and grant me the wisdom to make wise financial decisions. I believe in Your grace and Your ability to turn things around when I trust in You.
Prayer for Patience and Discernment
Lord, as I walk this challenging path of paying off my student loan debt, I ask for patience. Help me to wait for Your perfect timing and not grow discouraged along the way. Psalm 27:14 reminds me to wait on You with courage, so I pray for strength to keep going even when it feels like I am not seeing immediate results. Please give me the discipline to stick to my budget, make diligent choices, and trust that You are with me through this journey.
Prayer for Guidance in Financial Decisions
Father, sometimes I feel overwhelmed by the choices I must make regarding my finances. Please give me guidance to make wise, well-informed decisions, especially as I try to manage my debt and prioritize my budget. Help me to make choices that will lead to financial freedom and not to poverty. I trust that Your plans for me are filled with hope and abundance, and I know that with Your help, I will overcome this struggle.
Prayer for Financial Miracles and Provision
God, You say in Matthew 19:26 that with You, all things are possible. I ask for a financial miracle to help me pay off my student loan debt. Please provide unexpected income or job opportunities that will help me to move forward. I believe that You are capable of providing in ways that may seem impossible. I trust in Your ability to make a way where there seems to be no way and to bring abundance into my life, even in the most challenging circumstances.
Prayer for Wisdom in Financial Planning
Heavenly Father, I ask for Your guidance in managing my student loans and financial obligations. Please grant me the wisdom and insight to create an effective financial plan that will help me save, reduce my debt, and work toward financial freedom. I trust that You will show me the best course of action, whether through extra payments, consolidation, or forgiveness programs. Help me to make wise decisions and avoid costly mistakes as I manage my finances with Your direction.
Prayer for Favor and Debt Relief
Lord, I ask for Your favor in my financial journey. Please provide relief from the burden of student loans, whether through reduced payments, loan forgiveness, or opportunities to negotiate better terms with lenders. Open doors for me to receive the help I need and give me the strength to stay diligent in seeking solutions. I trust in Your perfect timing and that You will help me overcome these financial challenges. May Your grace bring a financial miracle that leads to debt reduction and restoration.
Prayer for Clarity in Financial Decisions
God, as I navigate my financial situation, I pray for clarity in all my decisions. Guide me in making choices that align with Your will, and help me to know the right steps to take toward becoming debt-free. Grant me the discipline to stick to my financial plan and the motivation to keep moving forward, even when the journey feels long. I trust that You are working behind the scenes to bring about the freedom I seek.
Prayer for Trust and Patience in God’s Timing
Father, I trust in Your plan for my life and in Your perfect timing. Even when my financial situation feels overwhelming, I know that You are with me. Please help me to remain patient and trust in You. I pray that You will strengthen my faith and give me the peace to endure through this process. Help me to remember that financial freedom is a journey, and that Your provision is always faithful. Teach me to be content with what I have while I wait for Your blessing to bring me relief.
Prayer for Motivation and Discipline
Lord, I pray for the discipline to manage my finances with care and the motivation to keep going despite the challenges I face. Help me to stay focused on my goals and make wise decisions that will lead to debt reduction and financial stability. Grant me the strength to stick to a budget, avoid impulsive spending, and prioritize debt repayment. I ask for Your help in staying diligent and patient in this process.
Father, I pray that You imbue me with the wisdom to be a good steward of the resources You provide. Help me to budget wisely, save diligently, and spend judiciously as I seek financial freedom. Teach me to make financial decisions that align with Your will and keep me from losing sight of my true treasure.
Guide me in making financial decisions that honor You and trust in Your provision, as Matthew 6:33 says, when we seek Your righteousness, everything else will be given. Instill a spirit of discipline to avoid unnecessary debt and live within my means, trusting that You will always provide.
I pray You help me to live with a heart that seeks Your kingdom and Your ways, knowing that You richly provide for those who trust in You. Teach me to be trustworthy in handling both my finances and the wealth You give, and let me remain focused on what truly matters in Your perfect will.
Prayer for Financial Miracles and Opportunities
God, You are a God of miracles, and I believe that You can provide a financial miracle to help me overcome this financial burden. Please open opportunities for new income streams, whether through job opportunities, a windfall, or a debt forgiveness program. I trust that You will provide the resources I need to move forward and that financial freedom is within reach. Let me walk in faith, knowing that You are the God who is capable of making the impossible possible.
Prayer for Strength to Resist Temptation
God, please grant me the strength to resist the temptation to spend money on unnecessary expenses. Help me to prioritize paying off my student loans and managing my finances wisely. When I feel the urge to overspend, remind me of Your faithfulness and give me the courage to make decisions that honor You. I trust in Your Word, knowing that 1 Corinthians 10:13 says You will always provide a way to bear the temptation. Guide me to seek financial advice when needed and to stay focused on my goal of becoming debt-free.
Prayer for Guidance and Clarity in Financial Decisions
Lord, in the midst of my financial struggles, I ask for Your guidance. Please help me to make wise financial decisions that lead to debt relief and financial freedom. Show me the right steps to take and help me to avoid making costly mistakes. May Your Word in Proverbs 3:5-6 guide me to trust in You with all my heart, acknowledging You in all my ways, so that You will make my paths straight. I believe that with Your help, I will choose wisely and manage my finances effectively.
Prayer for Emotional and Mental Health in Financial Stress
Heavenly Father, I am struggling with the anxiety and stress of my student loan payments. Please help me to find peace in the midst of this challenge. As Your Word promises in Philippians 4:6, I offer my prayer, supplication, and thanksgiving to You, and ask that You bring me peace that surpasses all understanding. Help me to release my anxiety and trust in Your provision. Let Your peace fill my heart and mind, allowing me to focus on solutions and not on fear.
Prayer for Assistance and Debt Relief
God, I ask for Your help in finding assistance to manage my student loan debt. Guide me to the right debt relief programs or resources that can bring me relief from this burden. If I need to reach out for support, give me the courage to do so. Help me to find the financial guidance I need, and let me be open to Your leading, trusting that You will provide for my needs as You always do. Your Word in Psalm 34:17 assures me that when the righteous cry for help, You will deliver them from their troubles.
Prayer for Peace and Trust in God’s Plan
Lord, I know that You have a plan for my life, even in the midst of financial struggles. I trust that You will provide for me according to Your goodness and Your perfect timing. Help me to trust in Your provision and to have faith in the path You have set for me. May I remember that Mark 11:24 says if I believe, I will receive what I ask for in prayer. Please give me a heart of gratitude and the peace to walk through this journey, knowing that You are in control.
Almighty God, in the midst of financial uncertainty, I ask that You grant me Your peace. Help me to remember that You are Jehovah Jireh, my provider, and that I can cast all my anxieties on You, knowing that You care for me. In moments when I feel overwhelmed by worry, remind me of Your truth and the promises in Your Word, that You will provide for me.
1 Peter 5:7 tells me to cast all my cares upon You because You care for me. May I find rest in the knowledge that my future is secure in Your hands, and that You will provide for my needs each day. I pray for the strength to live with gratitude for Your blessings, and for the faith to trust that You will bless me with the wisdom and timing to manage these financial burdens, including my student loans and debts.
Lord, I place my financial burdens before You, trusting that You will guide me and release me from this weight. May Your unfailing love bring me confidence, knowing that You are with me, upholding me with Your righteous right hand. Just as Psalm 23:1 says, You are my shepherd and I shall lack for nothing. I trust in Your provision and commit to following Your path with faith in Your promises. In Jesus’ name, Amen.
Prayer for Protection and Deliverance from Financial Burden
God, You are my Protector and Provider, and I ask for Your protection over my mental health and emotional health as I deal with this financial burden. Help me to find comfort in Your promises and to trust that You will deliver me from my troubles. Your Word in Psalm 37:23 says that You establish the steps of the righteous, and You take delight in my ways. I ask that You help me to manage my finances with wisdom and diligence, and that You provide me with a debt-free future.
Prayer for Patience and Faith in the Process
Father, help me to be patient as I work through my financial challenges. When I feel hopeless or discouraged, remind me of Your goodness and faithfulness. Let me rest in the knowledge that You are always working behind the scenes, even when I can’t see the solution yet. May I be reminded of Isaiah 26:3, where it says that You will keep me in perfect peace when my mind is stayed on You. Help me to remain calm, trusting in Your perfect timing and in the plan You have for my life.
Prayer for Patience in God’s Timing
Heavenly Father, I come before You with a heart full of burdens as I face my financial struggle. Please help me to trust in God’s timing, knowing that You have a plan for me even in this difficult season. As Ecclesiastes 3:1 reminds me, there is a time for everything. Help me to rest in Your perfect timing, trusting that You are in control. I ask for Your peace to wash over me, bringing relief from this heavy load of student loan debt. May I find comfort in knowing that this season will pass, and You will provide for all my needs.
Prayer for Strength and Self-Discipline
Lord, I pray for the strength to overcome the distractions that pull me away from my financial goals. Help me to stay focused on the path You have set for me. As 2 Timothy 1:7 says, You have given me a spirit of power, love, and self-control. Give me the self-discipline to manage my finances responsibly, resist temptations to overspend, and make wise decisions that will lead to financial recovery. Please empower me to stay positive and remain focused on the future, trusting that You will help me through every challenge.
Prayer for Rest and Relief from Financial Burden
Jesus, You promised in Matthew 11:28 that if we are heavy laden with burdens, You will give us rest. I bring my financial burden before You today and ask for Your relief. Help me to let go of the anxiety that comes with student loan debt and find peace in Your presence. I trust that You will provide for all my needs, just as You have promised. Bring calm to my heart and mind as I trust You for a way out of this financial turmoil.
In moments of vulnerability, when the weight of financial obligations like student loans and debts feel too heavy to bear, it’s crucial to seek divine intervention. The burden of debt often looms like a shadow, casting doubt on our future and ability to move forward. In these times, we can find strength in God, who is our source of provision and who promises to meet our needs.
Just as Philippians 4:19 reminds us, God will meet our needs according to His riches in glory, in Christ Jesus. When navigating this difficult journey, we pray for wisdom, asking God to illuminate our minds and help us find innovative solutions to manage, reduce, and eventually eliminate our debts.
It is through prudent financial decisions, discipline, and perseverance that we can begin to see a brighter future, trusting that God will guide us toward financial freedom. As Matthew 6:34 tells us, do not worry about tomorrow—each day has enough trouble of its own. By trusting in God’s provision, we can have peace and hope, knowing that we are never alone on this path.
Prayer for Wisdom and Financial Guidance
God, please grant me the wisdom to make wise financial decisions and lead me to the best opportunities for debt forgiveness or financial restoration. Help me to recognize the programs and resources You are placing in my path. May I follow Your guidance and trust in Proverbs 16:3, knowing that when I commit my work to You, You will establish my plans. I trust You to provide favor in every area of my financial life. Help me to stay patient and rely on Your intervention as I seek relief from this burden.
Prayer for Endurance and Breakthrough
Lord, help me to endure through this season of financial difficulty. Hebrews 12:1 tells me to run the race with endurance, laying aside every weight. Strengthen me to carry this burden and to persevere, knowing that You are always with me. Philippians 4:13 says that through Christ, I can do all things, including overcoming my student loan debt. Please bring a breakthrough in my finances and guide me to the resources that will lead to debt forgiveness and financial stability.
Prayer for Faith and Restoration
Father, in the midst of this struggle, help me to trust that You will restore the years that have been lost in financial turmoil. Joel 2:25 promises that You will restore what the locusts have eaten. I ask for Your favor in my financial situation. I believe that You are a God of restoration, and that You are bringing me financial freedom. Help me to stay strong in my faith and trust that You are making a way for me where there seems to be no way.
Prayer for Peace and Trust in God’s Provision
Lord, I come to You today, facing the financial struggles of paying off student loans. Please help me remain grateful for the blessings I do have, even in the midst of this difficult situation. I trust in Your promises, knowing that You are faithful to provide all that I need. Help me to manage my finances wisely, and guide me in finding the best ways to pay off this debt. May I hold onto Your peace as I work through this trial, knowing that You are always with me. Amen.
Prayer for Strength to Persevere
Heavenly Father, give me the strength to persevere in this journey. Help me stay motivated and focused as I work towards paying off my student loans. In times of doubt, remind me of Your faithfulness and that perseverance through this trial will lead to a crown of life. As James 1:12 says, “Blessed is the one who perseveres under trial.” I trust that You are guiding me every step of the way. Amen.
Prayer for Guidance in Career and Financial Opportunities
Lord, I ask for Your guidance as I seek new career opportunities and ways to earn enough to pay my student loans. Open new paths for me, and help me discover opportunities I may not see on my own. Proverbs 3:6 reminds me to acknowledge You in all my ways, and You will make my paths straight. Help me to trust that You have already prepared the right ways for me to succeed. Amen.
When facing overwhelming student loan payments, it’s essential to turn to God in prayer, seeking His favor and mercy. We ask for His power to move in ways that are beyond our understanding. Like the king’s heart in Proverbs 21:1, God can turn the hearts of those in positions of authority, influencing policy changes or opening new doors of opportunity that bring about financial blessings.
We pray for compassionate measures, like relief programs or negotiations that may reduce our debts or even lead to forgiveness. We ask God to soften hearts and orchestrate circumstances that provide unexpected aid, breaking the burden and financial strain we face.
In moments when it seems impossible, we remember Luke 18:27, that what is impossible for man is always possible with God. We trust in His sovereignty to inspire breakthroughs, alleviating the financial pressure and guiding us toward positions and opportunities that offer a way forward. Through His provision, He can open the right doors for just and reduced repayment options, bringing us closer to completing our journey to financial freedom.
Prayer for Generosity in the Midst of Financial Struggles
Lord, in the midst of these financial struggles, help me maintain a generous heart. May I still find ways to give to others, even when it feels like I have so little. As You have promised in Luke, when I give, it will be pressed down, shaken together, and poured into my lap. Remind me that generosity brings its own blessings, and that You are my provider. Amen.
Prayer for Complete Surrender and Trust in God’s Plan
God, I surrender my entire financial situation to You. I trust You completely to guide me through this journey. Proverbs 16:3 reminds me that when I commit my work to You, You will establish my plans. Please help me to trust in Your plans for my life and believe that You are making a way for me. Even when it seems impossible, I know You are faithful to provide for me. Amen.
Prayer for Restoration of Hope and Joy
Heavenly Father, I ask You to restore my hope and give me joy as I navigate this financial journey. Romans 15:13 says, “May the God of hope fill you with all joy and peace as you trust in Him, so that you may abound in hope by the power of the Holy Spirit.” Help me to remember that hope is found in You, and that with faith and perseverance, I will come out of this struggle stronger. Amen.
Prayer for Peace in the Midst of Anxiety About Finances
Lord, You remind me in Matthew 6:25-26 that I should not worry about my life, what I will eat, drink, or wear, for You will provide. Just as You feed the birds of the air, I trust You to take care of my needs. Please remove the anxiety and worries about student loans and help me to trust that You are making a way. I believe that You will provide for my needs and bring peace to my heart. Amen.
What is the Miracle Prayer for Clearing Debt?
A miracle prayer for clearing debt is a heartfelt request to Heavenly Father, asking for His divine intervention in the midst of overwhelming financial struggles. Many people pray with faith, believing that God can provide a way to clear their debt and lift the burden of student loans. In this prayer, we invite God’s guidance and favor, asking for wisdom in managing finances and resources. Although there is no single prayer that guarantees debt will disappear, this prayer is about trusting in God’s timing, power, and the belief that He will provide a path to financial freedom. We ask for His strength to overcome what seems impossible and for grateful hearts to experience His blessings. Amen.
Conclusion
Facing high student loan payments can often feel stressful and overwhelming. Many people feel burdened by the financial struggles and the weight of payments that seem impossible to overcome. In these difficult times, it’s important to turn to prayers that seek God’s help. A heartfelt prayer for strength, peace, and guidance can provide comfort and direction, allowing us to trust that God’s provision will help us through these trials. Wisdom and favor from God are powerful tools in navigating this journey, and we must trust that He will guide us toward financial freedom.
As we continue on this financial journey, prayers for God’s help and financial wisdom will empower us to make informed decisions. It’s through trusting in God’s timing and His plan for our lives that we can find a way out of overwhelming debt. Remember, God’s guidance will open doors to opportunities, whether through debt relief programs, financial breakthroughs, or job opportunities. It’s about believing in His ability to help us overcome the weight of student loans and to walk in freedom from financial burdens.
With faith and trust, we can confidently face the challenges ahead. Through prayers asking for peace, strength, and guidance, we can start to see the light at the end of the tunnel. God will provide the wisdom to make good decisions, and through His favor, we can achieve the financial freedom we seek. Believe that God’s help is always available when we seek His provision, and that He will continue to provide strength and peace as we navigate these challenges. Trust that with Him by our side, financial freedom is within reach.
FAQs
What to do if your student loan payments are too high?
If your student loan payments are too high, consider options like refinancing or applying for an income-driven repayment (IDR) plan to reduce the burden. You can also extend your repayment term or consolidate federal loans for more manageable payments. Additionally, explore deferment or forbearance options, and don’t hesitate to seek loan assistance from your employer.
What is the powerful prayer to clear debts?
Heavenly Father, we come before You today, declaring our trust in Your power to break the chains of debt and financial bondage. We acknowledge the burden that weighs heavily upon us and ask for Your abundance and provision to bring us freedom and release.
How to get 100% student loan forgiveness?
To qualify for 100% student loan forgiveness, work full-time for a government or nonprofit organization and make 120 qualifying payments over 10 years on your Direct Loans. After completing these payments, the remaining balance may be forgiven.
What is the 7 year rule for student loans?
The 7 year rule means that federal and private student loans may be removed from your credit report if they are in default for seven years. This countdown starts from the date of default or the last payment, including periods of nonpayment, deferment, or forbearance lasting over nine months.
