What Happens If I Default on My Student Loans?Updated: 2020-12-23 by Shae Irving
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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Tips on managing your student loan repayment --and avoiding the serious consequences of defaulting on your loans.
What to do if you've defaulted on student loans, whether federal or private.
The consequences of defaulting on a student loan are serious and long-lasting -- and may depend on where you live. Here is information for your state.