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Federal Student Loan

What happens if I default on my federal student loan?

It is extremely important not to default on any loan, and defaulting on a federal student loan will impact your credit history. Eventually, your wages may be garnished as a result of defaulting on a student loan.

However, if you feel you may have to default, or if you are already in default, you should contact your lending company for counseling.


Get more information on loan defaults
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