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What is the difference between being DELINQUENT or in DEFAULT with your student Loans?

April 11, 2013
Failure to repay a loan according to the terms agreed in the promissory note. For most federal student loans, you will default if you have not made a payment in more than 270 days. You may experience serious legal consequences if you default.

A loan is delinquent when your loan payments are not received by the due dates. A loan remains delinquent until the borrower makes up the missed payments through payment, deferment, or forbearance. If the borrower is unable to make the payments, he or she should contact his or her loan provider to discuss options to keep the loan in good standing. You can also contact one of the student loan debt experts at