Sentences with phrase «federal student loan defaults occur»
34 % of federal student loan defaults occur on loans less than $ 5,000 while only 18 % of students with more than $ 100,000 of student debt defaulted on their loans.
https://studentloans.net/ Not exact matches
For federal student loans, default occurs at 270 days delinquent and has a negative effect on your credit score.
As of fiscal year 2013 about $ 94 billion — over 11 percent of federal student loan volume in repayment — was in default, which generally occurs when a borrower fails to make a payment for more than 270 days.