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Student Loan Default Consequences and Penalties

What Happens If I Default on My Student Loans?

Updated: 2020-12-23 by
Defaulting on a student loan can have serious and long-lasting consequences. Avoid it if at all possible.

If you don't make required payments on a student loan, you'll end up in default--and face serious, long-lasting consequences. Your credit will be badly damaged, you'll end up owing more money, and you may find yourself in court.

For more information on default, select your state below.


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