HESC will be able to work with you to evaluate your position which help you enter an effective payment agreement.
Defaulting has consequences that are serious
- The whole amount of your loan becomes due.
- Your student loan debt will increase as a result of any late fees, extra interest, court costs, collection costs, lawyer’s charges, and just about every other costs related to the collection procedure.
- You can expect to be ineligible for the deferment or forbearance in your loan.
- You certainly will be ineligible for just about any extra student aid that is federal.
- You’ll be ineligible for support under almost every other federal advantage programs.
- You will become ineligible for federal interest benefits.
- Your loan account might be assigned to a group agency. Czytaj więcej about Effects of standard …