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A loan goes into default after a borrower fails to make a payment for at least 270 days, or about nine months, which can result in further financial consequences.
Now that the more than three-year COVID-19 student loan payment pause has come to an end, 28 million borrowers have entered repayment since Oct. 1, 2023. With this massive transition from a full ...
A defaulted student loan happens when the borrower does not make payments on their student loan, often for a few months or more. Having a student loan in a default state can have serious ...
After three years, the pandemic-era freeze on student loan payments will end soon. Student loan interest will start accruing on September 1 and payments are starting in October.
If you have defaulted federal student loans, you can make payment arrangements by visiting myeddebt.ed.gov, contacting your loan holder or calling the Default Resolution Group at 1-800-621-3115.
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills. Here’s what borrowers need to know.
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