What typically happens here is that borrowers stop making payments on their student loans, go into default, and ruin their credit. (thecollegeinvestor.com)
A default occurs when a borrower stops making payments on a loan, for whatever reason. (homebuyinginstitute.com)
If you're having trouble making your monthly payments, options like deferment and forbearance allow you to temporarily stop making payments on your loans. (credible.com)