What are the consequences of defaulting on a private student loan?

Related FAQs

Are there any limits on how much student loan debt I can have?
Are there any financial aid programs that cover the cost of books and other supplies?
How do I calculate my monthly payments on my student loans?
How do I find out if I'm eligible for student loan forgiveness?
Are there any fees associated with student loan servicing?
How do I repay my student loans?
How do I find out if I qualify for student loan debt consolidation?
How do I contact my student loan servicer?
Are there any grants or scholarships specifically for online students?
Are there any government programs to reduce the interest rate on student loans?

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