Bruce Mesnekoff Talking About Consequences of Defaulted Student Loans
Sure Jeff Hardy, I am happy to help your listeners, So If your student loan goes defaulted and you need relief, you will lose the right to deferments and forbearance. You will have to suffer the consequences of your defaulted student loan. Moreover, you may not be offered any additional Federal student aid. You cannot have escape from the brunt of your student debt unless you make payments for at least 6 consecutive months. If the student loan that you have borrowed is declared in default, the following are the consequences:
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