Defaulting on the federal student education loans sucks. Once you standard, the U.S. Department of Education can enter a purchase for wage garnishment, seize your Social Security advantages, and offset your taxation reimbursement.
In addition, you can’t get brand new federal figuratively speaking before you get free from standard.
Your federal student education loans get into standard after 270 times of non-payment.
If you’re applying to grad college, the payment status of the personal student education loans can impact your capability to obtain federal pupil help.Detalles