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

Related FAQs

Is there a grace period after graduation before I have to start making payments?
How do I qualify for a loan discharge due to my disability?
Can I get a student loan for graduate school?
How much can I borrow in student loans?
Are there any programs available to help me get out of default on my student loans?
What are the different types of student loan repayment plans?
Are there any alternative repayment plans available for student loans?
How do I know if my student loan has been approved?
How do I find out if I'm eligible for student loan forgiveness?
How long does it take to receive student loan funds once I’m approved?

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