What would happen if I were to default on my student loans?

Answer I don't think it's worth the risk. If you default and since they are federal loans, you are liable to lose any income tax refund in the future. If you call them and cite financial hardship as you... Read More »

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What Loan company will take over my federal student loans when the loans are in default?

When your federal educational loans are in default, you have several options:You can repay the loan in full.You can negotiate a new payment plan with your lender.You can "rehabilitate" your loan.Yo... Read More »

What percent of student loans are in default?

About 7 percent of U.S. federal student loans were in default as of 2008, which was the latest data available, according to "The New York Times." This was a slight increase from the 6.7 percent rat... Read More »

What will happen if i default on internet payday loans?

On One Hand: Payday Loan DefaultsA payday loan is a short term loan issued to provide financial assistance until the borrower's next paycheck arrives. Payday lending is legal in 37 states and can b... Read More »

What percentage of co-signed student loans default?

The default rate on student loans has traditionally been about 5 percent. An announcement in 2007 by the U.S. Secretary of Education said that the rate was 4.6 percent, though the rates can vary, ... Read More »