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.

You may also be interested in: