It is urgent to take note that you should never ignore default or delinquency notices from the loan servicer that was assigned to your student loan. If you don’t submit your monthly loan payments in a timely manner, your student loan account will become delinquent get reported to credit bureaus and risk going into a default status. It is urgent that you make immediate contact with your student loan servicer if you are experiencing difficulty making timely payments. You should be diligent and learn all about federal student loan default: Find out what may occur if you default on your student loan, and what steps you can possibly take in order to keep your student loan from going into a default status, and what your various options are for getting out of a student loan default status.
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