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

Related FAQs

Are there any private student loan lenders that offer lower interest rates?
What are the benefits of student loan consolidation?
Does loan consolidation reduce my interest rate and monthly payments on my student loans?
Are there any second chance student loan programs?
How do I know if my student loan has been approved?
How much can I borrow in student loans?
What is the difference between a loan deferment and a loan forbearance?
What are the different repayment options for student loans?
How do I find out if I'm eligible for student loan forgiveness?
How do I find out if I qualify for student loan debt consolidation?

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