All Types of People Default on Student Loans
Default happens when a borrower fails to repay his or her student loans according to the promissory note. For federal student loans, default occurs after 270 days without a payment. That’s 9 consecutive months of skipping payments. Federal Student Loan Default...
Subsidized Student Loans vs. Unsubsidized Student Loans
Most federal student loan borrowers receive both subsidized student loans and unsubsidized loans. What is the difference? Subsidized student loans have an advantage over unsubsidized student loans because they do not accrue interest while the borrower is still in...