What are the consequences of defaulting on student loans?

Related FAQs

What is the best way to pay off my student loans?
How do I know if my student loan has been approved?
How do I apply for student loans?
Are private student loans eligible for the same repayment advantages as federal student loans?
How do I qualify for student loan forbearance?
How much can I borrow in student loans?
Are there any special programs to help those with loans from foreign universities?
How do I calculate my monthly payments on my student loans?
Are there any special considerations for students attending for-profit colleges and universities?
Are there any government programs to help those who have defaulted on their student loans?

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