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Category: Understanding Default

Your student loan will go into default if you’ve consistently been delinquent in making payments. Consequences of going into default include having to pay the entire balance at once, no longer receiving deferment options, losing additional financial aid eligibility, and having your wages garnished.

  • Forgiveness, Cancellation and Discharge

How can bankruptcy affect financial aid?

  • Posted on

Bankruptcy is a complicated issue that affects numerous areas of your life. But in general,…

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  • Understanding Default

Private Student Loan Default Options

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Defaulting on a private student loan is a serious issue that can have a major negative impact on your credit…

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  • Understanding Default

How Do Defaulted Student Loans Affect My Credit?

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Defaulted private student loans and most defaulted federal student loans stay on your credit report for seven years from the…

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  • Understanding Default

How to Get Out of Student Loan Default

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There are three main ways to get out of student loan default, including consolidation, loan rehabilitation, and repaying the loan…

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  • Understanding Default

What Is Student Loan Wage Garnishment?

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  Choosing to end your student loans payments, will hurt you more in the long run. The longer you wait…

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  • Understanding Default

How to Stop Student Loan Garnishment

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The U.S. government will garnish or withhold some of your wages if you default on your student loans. This will…

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  • Understanding Default

What Do I Do if My Loan Goes Into Default?

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  Student loan debt can be overwhelming. With more than $137 billion in education debt (and counting), 8 million borrowers…

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  • Understanding Default

Understanding Consequences of Student Loan Default & Borrower Options

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Defaulting on a student loan will have a significant impact on your immediate and long-term financial outlook. Your credit score…

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  • Understanding Default

What Happens When I Miss a Student Loan Payment?

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If you’ve missed a student loan payment, you’re not alone. Around 8 million borrowers defaulted on their federal student loans…

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  • Understanding Default

Student Loan Default Help

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Student loan default occurs when your loan is delinquent for a period of time specified by the lender. How long…

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How to Manage Student Loans

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