The Down-low on Student Loan Default

The Down-low on Student Loan Default

Hey everyone today we’re going to talk about a somewhat touchy subject which is student loan default. The reason I want to talk to you about this today is because it’s a pretty prevalent issue and I know people who are struggling with it and it can seem like there aren’t any options. But my

Federal Student Loans: What Happens If You Don’t Pay? [POLICYbrief]

Federal Student Loans: What Happens If You Don’t Pay? [POLICYbrief]

Student loan law right now is kind of a mess, to be perfectly honest. There is a lot of student loan debt out there. Total student loan debt right now is around $1.5 trillion. 44 million borrowers have student loans, and upwards of 70% of students graduating from college are graduating in debt. The loan

What Happens If You Don’t Pay Off Your Student Loans?

What Happens If You Don’t Pay Off Your Student Loans?

71% of people who graduated from college in 2012 have student loan debt. Full disclosure, I have quite a lot. Like, so much. The average graduate borrowed around $29,000. The total number of student loans owed in the US today has surpassed 1 trillion dollars with numbers rising every year. It’s reasonable to expect that

Student Loan Delinquency & Default | Student Loans | Sallie Mae®

Student Loan Delinquency & Default | Student Loans | Sallie Mae®

Life can bring situations that impact your ability to pay and manage your private student loan. Here’s what you can do with your facing challenges: First some definitions: Delinquency is when you fail to make a payment on time. Missing even one payment can make your loan delinquency. Deferment is when you temporarily postpone or