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

Related FAQs

What is the difference between a loan deferment and a loan forbearance?
Are there any limits on how much student loan debt I can have?
Are there any alternative repayment plans available for student loans?
Are there any grants or scholarships that can help with student loan repayment?
Are private student loans eligible for the same repayment advantages as federal student loans?
What are the benefits of refinancing my student loans?
What are the different types of student loan repayment plans?
Are student loan interest rates fixed or variable?
Are there any restrictions on the use of student loan funds?
What happens if I can't make my student loan payments?

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