Who should I contact if I have questions about my student loans? What are the long-term financial consequences of student loan default?

Failing to pay your student loan within 90 days classifies the debt as delinquent, which means your credit rating will take a hit. After 270 days, the ... Sep 9, 2024 ... “If you want to be a doctor and you don't have a way to fund your training, you are going to take out loans,” said Dr. Shah, now an ... Jan 16, 2025 ... What happens if you don't pay your student loans? Learn about the penalties for missing payments and how to avoid these consequences by ... Think you can't afford college? Think again! There are multiple ways to ... you with less student debt. Keep reading for information on ways to pay for ... Property you didn't earn, like a gift or inheritance one of you received while married, is not community property. Have student debt? There are different rules. What Happens When You Cosign? When you cosign a loan, you become legally obligated to repay the loan if the borrower doesn't pay it. Most cosigners believe when ... Deferment means you can temporarily stop making payments. Forbearance means you won't have to make a payment, or you can temporarily make a smaller payment for ... Sep 13, 2023 ... Eventually, your student loans will be put into default and you may lose federal loan benefits, have your wages garnished, get barred from ... Mar 27, 2024 ... Review this fact sheet about loan repayment and managing money if you don't match. Feb 14, 2025 ... When you miss 9 months of payments, the federal part of your loan is sent to the Canada Revenue Agency (CRA) for collection. Once in collection, ...