10/4/2023 0 Comments Who pays for student loan defaultsDamage to your credit score: When you default on your loans, the lender will report the default to the credit bureaus. Federal student loan servicers and private lenders can take measures to try and collect the owed amount.īelow are 10 potential consequences you could face for defaulting on your student loan: The consequences of not paying student loans can have a big impact on your financial well-being, so it’s important to stay on top of your payments or seek assistance when you need it. What Are the Consequences of Not Paying Student loans?
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