All Types of People Default on Student Loans

All Types of People Default on Student Loans

Feb 4, 2019 | Default Management

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...
8 Reasons Employees Default on Their Student Loans

8 Reasons Employees Default on Their Student Loans

Nov 26, 2018 | News

Even full-time employees default on their student loan payments. It’s expected that 2 out of 5 student loan borrowers will be under default in the next five years. According to a recent report by Brookings, income alone cannot predict who will default on their...