Default on Private Student Loan: Consequences and Solutions

Understanding the Consequences of Defaulting on a Private Student Loan When it comes to private student loans, defaulting can lead to severe repercussions for borrowers. Unlike federal student loans, which offer multiple repayment options and forgiveness programs, private student loans lack this flexibility. Defaulting occurs when a borrower fails to make the required payments for …

Default on Private Student Loan: Consequences and Solutions Read More »