Defaulting on any form of student loan, whether private or federal, is a nightmare. But when it happens with federal loans, Uncle Sam is merciless. Currently, there are 36 million Americans with federal student loans, and a growing number of these borrowers are struggling or unable to pay their monthly balances. Not surprisingly, the Department [...]
What Happens If You Default on Federal Student Loans – Tips to Avoid It is a post from the Money Crashers personal finance blog.
Source: http://www.moneycrashers.com/defaulting-student-loans-help/
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