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When do student loans payments restart? Everything you need to know
A student loan becomes delinquent when a borrower doesn't make a payment 90 days after its due date. If you continue to be delinquent on your loan for 270 days — or roughly nine months — then your loan goes into default. While being delinquent affects your credit score, going into default has more serious consequences such as wage garnishment.
WASHINGTON, D.C., USA — Starting Monday, the Education Department says student loans that are in default will be referred for collections. Beginning May 5, the department will begin involuntary ...
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As the government prepares to collect on defaulted student loans, a financial planner has advice to lower your monthly paymentStart your search now ... Usually, consolidation involves consolidating interest accrued into your loan, and you may ...
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