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

Related FAQs

How do I consolidate my student loans?
Are there any special rules for graduates attending medical school?
What types of loans are available?
Are there any grants or scholarships that can help with student loan repayment?
Are there any limits on how much student loan debt I can have?
Are there any restrictions on the use of student loan funds?
Are there any income-driven repayment plans available for student loans?
What are the consequences of defaulting on my student loans?
How do I find out if I am eligible for student loan deferment?
How long does it take to get approved for a student loan?

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