If you don’t catch up on your overlooked costs, sooner or later your figuratively speaking enter into default. And you will, in this phase, it will become very tough to resolve the damage.
To own government student loans, possible enter into education loan standard when your payments become more than 270 those days the fresh new due date. To have personal student education loans, you can typically enter default immediately after the fee is more than 120 months late.
The results away from education loan standard are quite severe. Continue lendo “#step 1 – Join a living-Determined Repayment Package”