Falling behind on student loan payments can have significant and lasting consequences. Understanding what student loan default means is crucial for borrowers facing financial hardship. This guide delves into the legal definitions of default, the various repercussions it entails, and crucially, the available strategies for remediation and prevention. We’ll explore the impact on credit scores, employment prospects, and future borrowing capabilities, providing a comprehensive overview of this complex issue. From the initial triggers of default to the long-term financial and emotional effects, we aim to provide a clear and accessible resource for anyone grappling with or seeking to avoid student Read More …