If You Ignore Your Student Loan Payments You’ll Risk Going Into Default

May 8, 2013

If you don’t make your student loan payments, you risk going into default. Defaulting on your loan has serious consequences. Your school, the financial institution that made or owns your loan, your loan guarantor, and the federal government all can take action to recover the money you owe.You should understand how missing a loan payment can be a problem.You need to know what default means and the consequences of default.You need to know what you need to do if your loan is in default or if you think the default on your loan is an error. You can read more about this at http://www.nwcdr.com/student-loan-q-a/ 


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