What is student loan default?

 

If you fall behind on your student loan payments, your loan will go into default -- and you will face serious financial consequences.

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Default is what happens if you fall behind on your student loan payments. For most loans, if you fail to make a payment for 270 days (that's nine months) the loan will go into default. After that, your school, the loan servicer, or the government can take action against you to get back what you owe. You may face serious legal and practical consequences if you default on your student loans.

To learn how to avoid default, see What If I Can't Pay My Student Loans?

For more information about the consequences of default, see What Happens If I Default on My Student Loans?

If your loans are already in default, see How to Get Out of Student Loan Default.


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Jurisdictional relevance: US

Legal Consumer - Agua Dulce, CALaw. The content of this article pertains to all US states and counties.