{"id":38877,"date":"2020-01-23T09:24:21","date_gmt":"2020-01-23T17:24:21","guid":{"rendered":"https:\/\/www.credible.com\/blog\/?p=38877"},"modified":"2022-03-28T14:32:34","modified_gmt":"2022-03-28T21:32:34","slug":"what-happens-when-you-default-on-a-student-loan","status":"publish","type":"post","link":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/","title":{"rendered":"What Happens When You Default on a Student Loan"},"content":{"rendered":"<p><em><strong>Editor&#8217;s note: <\/strong>In response to the coronavirus pandemic, interest, payments and collections of federally-held student loans have been <a href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/coronavirus-student-loan-relief-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">suspended through at least May 1, 2022<\/a>.<\/em><\/p>\n<p>If you miss a student loan payment, your loan is considered delinquent and you\u2019ll likely have to pay fees or penalties, plus any outstanding interest, to bring your loan back into on-time status. If you miss enough payments in a row, however, you go into student loan default \u2014 and it might not be an easy fix.<\/p>\n<p>When in default, lenders can take more aggressive action to collect your loan balances and your credit will be negatively impacted. In 2018, <a href=\"https:\/\/www.credible.com\/blog\/statistics\/student-loan-default-statistics\/\">17.4% of federal student loans were in default<\/a>.<\/p>\n<p><b>If you&#8217;re at risk or in default already, here are some important facts to know:<\/b><\/p>\n<ul>\n<li><a href=\"#when-does-student-loan-go-into-default\">When does a student loan go into default?<\/a><\/li>\n<li><a href=\"#what-happens-when-you-default-on-student-loan\">What happens when you default on a student loan?<\/a><\/li>\n<li><a href=\"#how-to-get-out-of-student-loan-default\">How to get out of student loan default<\/a><\/li>\n<\/ul>\n<p><a name=\"when-does-student-loan-go-into-default\"><\/a><\/p>\n<h2>When does a student loan go into default?<\/h2>\n<p>Student loan default can happen at different times, depending on the type of loans you have:<\/p>\n<ul>\n<li><b>Most federal loans: <\/b>Under most <a href=\"https:\/\/www.credible.com\/blog\/statistics\/average-student-loan-debt-statistics\/\">federal student loan programs<\/a>, your loans will go into default when they&#8217;re 270 days past due. That\u2019s about nine months from your first missed payment until default.<\/li>\n<li><b>Federal Perkins loans: <\/b>Under the Federal Perkins Loan program, loans default after missing just a single payment.<\/li>\n<li><b>Private loans: <\/b>With private student loans, the default terms can vary depending on the loan. Many private lenders use a 120 day period, or four months of missed payments, before declaring a loan to be in default.<\/li>\n<\/ul>\n<p>You should be able to find your loan\u2019s default status on a recent statement, but you can always log into your account at your <a href=\"https:\/\/www.credible.com\/blog\/student-loans\/guide-to-student-loan-servicers\/\">student loan servicer\u2019s website<\/a> (for federal loans) or private lender\u2019s website (for private student loans) to view your default status.<\/p>\n<p>If you&#8217;re not sure about your status, you can always call the loan servicer or lender directly to ask for an update on your account.<\/p>\n<p><b><i>Check Out: <\/i><\/b><a href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/3-ways-lower-monthly-student-loan-payment\/\"><b><i>11 Ways to Lower Your Student Loan Payments<\/i><\/b><\/a><\/p>\n<p><a name=\"what-happens-when-you-default-on-student-loan\"><\/a><\/p>\n<h2>What happens when you default on a student loan?<\/h2>\n<p>Though federal and private student loans may have slightly different rules for what happens in default, student loan default has many consequences:<\/p>\n<ul>\n<li><b>Damaged credit:<\/b> Before student loan default begins, you will already see damage to your credit report and credit score from missed payments. Having your loan marked as in default will further harm your credit.<\/li>\n<li><b>Loan acceleration: <\/b>At the same time, you could find your entire balance due immediately.<\/li>\n<li><b>Loss of hardship benefits: <\/b>Loans in default lose the ability to use <a href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/deferment-forbearance-student-loans\/\">deferment or forbearance<\/a>, popular methods to alleviate the pressure of pending loan payments. When in default on federal student loans, you lose the ability to get additional federal student aid in the future.<\/li>\n<li><b>Garnishment: <\/b>In some cases, your tax refunds, federal benefit payments, and wages can be withheld and used for payments. These Treasury offsets and wage garnishments can put you into further financial hardship, as you won\u2019t have that money coming in to pay for other bills.<\/li>\n<li><b>Lawsuits and collections: <\/b>For private student loans, you could find yourself on the wrong end of a lawsuit and forced to pay for court costs, collection fees, attorney\u2019s fees, and other costs your lender had to pay to collect your defaulting student loan.<\/li>\n<\/ul>\n<p><em><strong>See: <a href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/statute-limitations-private-student-loans\/\">Statute of Limitations on Private Student Loans: State Guide<\/a><\/strong><\/em><\/p>\n<p><a name=\"how-to-get-out-of-student-loan-default\"><\/a><\/p>\n<h2>How to get out of student loan default<\/h2>\n<p><b>For federal student loans, <\/b>you have three main ways to get out of student loan default:<\/p>\n<ol>\n<li><b>Loan rehabilitation: <\/b>Rehabilitation requires a written agreement with your loan servicer. Direct loans and FFEL loans require nine \u201cvoluntary, reasonable, affordable monthly payments\u201d within a period of 10 consecutive months.<\/li>\n<li><b>Loan consolidation: <\/b>Consolidating the defaulted loan into a new Direct Consolidation Loan ends default. To do so, you must agree to put your new loan into an income-driven repayment plan or make three consecutive, on-time payments on the default loan before consolidation is allowed.<\/li>\n<li><b>Full repayment: <\/b>Fully repaying the loan ends default, but this isn\u2019t a realistic option for most people.<\/li>\n<\/ol>\n<p><b>For private loans,<\/b> check your loan documents to find out your options. Many lenders offer a rehabilitation program to get your loans back on track. It usually takes seven years for defaulted student loans to drop from your credit report, so work to get things resolved as quickly as possible to minimize the negative impact on your credit.<\/p>\n<p><b><i>Keep Reading: <\/i><\/b><\/p>\n<ul>\n<li><em><strong><a href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/rehabiliation-vs-consolidation\/\">Student Loan Rehabilitation vs. Consolidation: Getting Out of Default<\/a><\/strong><\/em><\/li>\n<li><em><strong><a href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/defaulted-student-loans\/\">Defaulted Student Loans: Can You Refinance?<\/a><\/strong><\/em><\/li>\n<\/ul>\n<div class=\"basic-box\" style=\"border: 1px solid #E2E4E6;\"><div class=\"basic-box__inside\">\n<p><span style=\"font-size: x-large;\"><strong>See if refinancing could help you<\/strong><\/span><br \/>\nIf you&#8217;re struggling with student loan debt, you might be able to lower your interest rate or reduce your monthly payment.<\/p>\n<ul class=\"list--iconArrow accent--isGreen\">\n<li><strong>Compare actual rates, not ballpark estimates<\/strong> &#8211; Unlock rates from multiple lenders with no impact on your credit score<\/li>\n<li><strong>Won&#8217;t impact credit score<\/strong> &#8211; Checking rates on Credible takes about 2 minutes and won&#8217;t impact your credit score<\/li>\n<li><strong>Data privacy<\/strong> &#8211; We don&#8217;t sell your information, so you won&#8217;t get calls or emails from multiple lenders<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a class=\"btn btn-warning\" href=\"https:\/\/www.credible.com\/refinance-student-loans\">See Your Refinancing Options<\/a><br \/>\n<small>Credible is 100% free!<\/small><\/p>\n<p><!-- TrustBox widget - Micro Combo --><\/p>\n<div class=\"trustpilot-widget\" data-locale=\"en-US\" data-template-id=\"5419b6ffb0d04a076446a9af\" data-businessunit-id=\"5536ec090000ff00057eebe7\" data-style-height=\"20px\" data-style-width=\"100%\" data-theme=\"light\"><a href=\"https:\/\/www.trustpilot.com\/review\/www.credible.com\" target=\"_blank\" rel=\"noopener noreferrer\">Trustpilot<\/a><\/div>\n<p><!-- End TrustBox widget --><\/p>\n<\/div><\/div>\n<p><em><strong>Read on: <\/strong><\/em><a style=\"color: #24dc9d; outline-width: 0px;\" href=\"https:\/\/www.credible.com\/blog\/student-loans\/9-things-your-student-loan-servicer-isnt-supposed\/\"><b><i>9 Things Your Student Loan Servicer Isn\u2019t Supposed to Be Doing<\/i><\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Editor&#8217;s note: In response to the coronavirus pandemic, interest, payments and collections of federally-held student loans have been suspended through at least May 1, 2022. If you miss a student loan payment, your loan is&hellip; <a class=\"more \" href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/\">Continue reading<\/a><\/p>\n","protected":false},"author":96,"featured_media":38887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"inline_featured_image":false,"footnotes":""},"categories":[2],"tags":[1502],"class_list":["post-38877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-refinance-student-loans","tag-deferment-forbearance","what-happens-when-you-default-on-a-student-loan","post_tag-deferment-forbearance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Happens When You Default on a Student Loan - Credible<\/title>\n<meta name=\"description\" content=\"Student loan default can be a major challenge. But if you understand how it works, you may be able to avoid it or at least get back on track quickly.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Happens When You Default on a Student Loan - Credible\" \/>\n<meta property=\"og:description\" content=\"Student loan default can be a major challenge. But if you understand how it works, you may be able to avoid it or at least get back on track quickly.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/\" \/>\n<meta property=\"og:site_name\" content=\"Credible\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/crediblelabs\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-23T17:24:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-28T21:32:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2020\/01\/student-loan-default.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1476\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Eric Rosenberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EricProfits\" \/>\n<meta name=\"twitter:site\" content=\"@credible\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eric Rosenberg\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/\"},\"author\":{\"name\":\"Eric Rosenberg\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#\\\/schema\\\/person\\\/0895f8905dc32cf64b90090176ad601a\"},\"headline\":\"What Happens When You Default on a Student Loan\",\"datePublished\":\"2020-01-23T17:24:21+00:00\",\"dateModified\":\"2022-03-28T21:32:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/\"},\"wordCount\":882,\"publisher\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/student-loan-default.png\",\"keywords\":[\"deferment-forbearance\"],\"articleSection\":[\"Student Loan Refinancing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/\",\"url\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/\",\"name\":\"What Happens When You Default on a Student Loan - Credible\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/student-loan-default.png\",\"datePublished\":\"2020-01-23T17:24:21+00:00\",\"dateModified\":\"2022-03-28T21:32:34+00:00\",\"description\":\"Student loan default can be a major challenge. But if you understand how it works, you may be able to avoid it or at least get back on track quickly.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/student-loan-default.png\",\"contentUrl\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/student-loan-default.png\",\"width\":1476,\"height\":590,\"caption\":\"student loan default\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/student-loan-default\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Student Loan Refinancing\",\"item\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/refinance-student-loans\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What Happens When You Default on a Student Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/\",\"name\":\"Credible\",\"description\":\"Getting borrowers connected to the right information for student loan refinancing, student loans, and personal loans.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#organization\",\"name\":\"Credible\",\"url\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/Picture1.png\",\"contentUrl\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/Picture1.png\",\"width\":901,\"height\":196,\"caption\":\"Credible\"},\"image\":{\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/crediblelabs\\\/\",\"https:\\\/\\\/x.com\\\/credible\",\"https:\\\/\\\/www.instagram.com\\\/credible\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/crediblelabs\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/#\\\/schema\\\/person\\\/0895f8905dc32cf64b90090176ad601a\",\"name\":\"Eric Rosenberg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/c2e3dbd7207faf78a8670d8cab746862-150x150.png\",\"url\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/c2e3dbd7207faf78a8670d8cab746862-150x150.png\",\"contentUrl\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/c2e3dbd7207faf78a8670d8cab746862-150x150.png\",\"caption\":\"Eric Rosenberg\"},\"description\":\"Eric Rosenberg is an expert on personal finance. His work has been featured at Business Insider, Investopedia, The Balance, The Huffington Post, MSN Money, Yahoo Finance, Mint.com and more.\",\"sameAs\":[\"https:\\\/\\\/www.credible.com\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/ericrosenberg\\\/\",\"https:\\\/\\\/x.com\\\/EricProfits\"],\"url\":\"https:\\\/\\\/www.credible.com\\\/blog\\\/author\\\/eric-rosenberg\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Happens When You Default on a Student Loan - Credible","description":"Student loan default can be a major challenge. But if you understand how it works, you may be able to avoid it or at least get back on track quickly.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/","og_locale":"en_US","og_type":"article","og_title":"What Happens When You Default on a Student Loan - Credible","og_description":"Student loan default can be a major challenge. But if you understand how it works, you may be able to avoid it or at least get back on track quickly.","og_url":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/","og_site_name":"Credible","article_publisher":"https:\/\/www.facebook.com\/crediblelabs\/","article_published_time":"2020-01-23T17:24:21+00:00","article_modified_time":"2022-03-28T21:32:34+00:00","og_image":[{"width":1476,"height":590,"url":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2020\/01\/student-loan-default.png","type":"image\/png"}],"author":"Eric Rosenberg","twitter_card":"summary_large_image","twitter_creator":"@EricProfits","twitter_site":"@credible","twitter_misc":{"Written by":"Eric Rosenberg","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/#article","isPartOf":{"@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/"},"author":{"name":"Eric Rosenberg","@id":"https:\/\/www.credible.com\/blog\/#\/schema\/person\/0895f8905dc32cf64b90090176ad601a"},"headline":"What Happens When You Default on a Student Loan","datePublished":"2020-01-23T17:24:21+00:00","dateModified":"2022-03-28T21:32:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/"},"wordCount":882,"publisher":{"@id":"https:\/\/www.credible.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/#primaryimage"},"thumbnailUrl":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2020\/01\/student-loan-default.png","keywords":["deferment-forbearance"],"articleSection":["Student Loan Refinancing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/","url":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/","name":"What Happens When You Default on a Student Loan - Credible","isPartOf":{"@id":"https:\/\/www.credible.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/#primaryimage"},"image":{"@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/#primaryimage"},"thumbnailUrl":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2020\/01\/student-loan-default.png","datePublished":"2020-01-23T17:24:21+00:00","dateModified":"2022-03-28T21:32:34+00:00","description":"Student loan default can be a major challenge. But if you understand how it works, you may be able to avoid it or at least get back on track quickly.","breadcrumb":{"@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/#primaryimage","url":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2020\/01\/student-loan-default.png","contentUrl":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2020\/01\/student-loan-default.png","width":1476,"height":590,"caption":"student loan default"},{"@type":"BreadcrumbList","@id":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/student-loan-default\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.credible.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Student Loan Refinancing","item":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/"},{"@type":"ListItem","position":3,"name":"What Happens When You Default on a Student Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.credible.com\/blog\/#website","url":"https:\/\/www.credible.com\/blog\/","name":"Credible","description":"Getting borrowers connected to the right information for student loan refinancing, student loans, and personal loans.","publisher":{"@id":"https:\/\/www.credible.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.credible.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.credible.com\/blog\/#organization","name":"Credible","url":"https:\/\/www.credible.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.credible.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2017\/01\/Picture1.png","contentUrl":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2017\/01\/Picture1.png","width":901,"height":196,"caption":"Credible"},"image":{"@id":"https:\/\/www.credible.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/crediblelabs\/","https:\/\/x.com\/credible","https:\/\/www.instagram.com\/credible\/","https:\/\/www.linkedin.com\/company\/crediblelabs"]},{"@type":"Person","@id":"https:\/\/www.credible.com\/blog\/#\/schema\/person\/0895f8905dc32cf64b90090176ad601a","name":"Eric Rosenberg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2019\/02\/c2e3dbd7207faf78a8670d8cab746862-150x150.png","url":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2019\/02\/c2e3dbd7207faf78a8670d8cab746862-150x150.png","contentUrl":"https:\/\/www.credible.com\/blog\/wp-content\/uploads\/2019\/02\/c2e3dbd7207faf78a8670d8cab746862-150x150.png","caption":"Eric Rosenberg"},"description":"Eric Rosenberg is an expert on personal finance. His work has been featured at Business Insider, Investopedia, The Balance, The Huffington Post, MSN Money, Yahoo Finance, Mint.com and more.","sameAs":["https:\/\/www.credible.com\/","https:\/\/www.linkedin.com\/in\/ericrosenberg\/","https:\/\/x.com\/EricProfits"],"url":"https:\/\/www.credible.com\/blog\/author\/eric-rosenberg\/"}]}},"_links":{"self":[{"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/posts\/38877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/users\/96"}],"replies":[{"embeddable":true,"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/comments?post=38877"}],"version-history":[{"count":15,"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/posts\/38877\/revisions"}],"predecessor-version":[{"id":60067,"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/posts\/38877\/revisions\/60067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/media\/38887"}],"wp:attachment":[{"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/media?parent=38877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/categories?post=38877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.credible.com\/blog\/wp-json\/wp\/v2\/tags?post=38877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}