What to Know About Missing a Student-Loan Payment

Many student-loan borrowers don’t always realize the devastating, long-lasting financial consequences that can result from missed payments

Cheryl Winokur MunkMany student-loan borrowers have difficulty making repayments, but they don’t always realize the devastating, long-lasting financial consequences that can result from missed payments.

Being delinquent—or, worse, defaulting—on student loans can affect borrowers in many ways. Consequences can include severely damaged credit, wage garnishment, lost employment opportunities and, in some cases, rescinding of professional licenses. Understanding some basic tenets about delinquency and default may help borrowers avoid these adverse...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

17 Adulting Tips Everyone Should Know By The Age Of 25Because by your quarter-century, you should have your shit together.
Read more »

10 things you need to know before the opening bellThis is what traders are talking about.
Read more »

Here's What We Know About the Second Season of Netflix Thriller Series 'You'Will Joe's running list of crimes finally catch up to him?
Read more »

FAQ: What we know about the deadly lung illnesses tied to vapingOfficials say over 1,000 people have been diagnosed with a string of mysterious lung illnesses tied to vaping. Here's what you need to know.
Read more »

10 things you need to know before the opening bellThis is what traders are talking about.
Read more »