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

Related FAQs

Are there any grants or scholarships available to help with student loan repayment?
Does loan consolidation reduce my interest rate and monthly payments on my student loans?
Are there any fees associated with student loan servicing?
What are the consequences of defaulting on my student loans?
What is the maximum amount of student loan debt I can take out?
Are there any grants or scholarships specifically for online students?
What are the consequences of defaulting on a private student loan?
How do I apply for student loan forgiveness?
Can I get a student loan for graduate school?
Is there a grace period after graduation before I have to start making payments?

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