Understanding Default

DON'T IGNORE YOUR STUDENT LOAN PAYMENTS OR YOU'LL RISK GOING INTO DEFAULT.  LOANS MUST BE REPAID.

If you don’t make your loan payments as promised, you risk going into default. Defaulting on your loan has serious consequences.

To understand how missing a loan payment can be a problem, what default means and the consequences of default, and what you need to do if your loan is in default or if you think the default on your loan is an error, navigate to the Federal Student Aid website >