If you default on your student loans, you will put your credit rating in jeopardy. At least one in 10 college graduates and former students have defaulted on their loans, money that still must be repaid with few exceptions.
You’ve finished your education and now the bills are starting to come in. Student loan bills, that is. If you’re fortunate, you have a job to help pay for your loans. If not, you may be able to seek a deferment, at least for a little while.
Tweet That grace period gives you time to plan and take action in a bid to get rid of your student loan debt as soon possible. 1. Consolidation. If you