Federal Student Loan
What happens if I default on my federal student loan? |
It is extremely important not to default on any loan, and defaulting on a federal student loan will impact your credit history. Eventually, your wages may be garnished as a result of defaulting on a student loan. However, if you feel you may have to default, or if you are already in default, you should contact your lending company for counseling. |
Get more information on loan defaults |