Category Archives: Cashstore

What goes on Once You Default in your Student Loan?

You’re not alone if you’ve ever worried about defaulting on your student loans.

Aided by the typical 2016 college grad with debt towards the tune of $37,172 and wages that are chronically stagnant brand new graduates, it is no surprise more and more people are worried about checking up on monthly obligations.

But exactly what does“default” mean really? Exactly How later does a repayment need to be before you begin to see consequences that are serious?

Let’s stroll through the standard schedule both for federal and personal figuratively speaking, then speak about the way you prevent the D-word entirely. Continue reading