Sentences with phrase «than federal student loans without»

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When a borrower has a defaulted federal student loan (a loan that is more than 270 days past due), the government can seize certain income and assets from the borrower without a court order.

For student loans without a co-signer, their interest rates are relatively low - though potentially higher than federal student loans.

Meaning the Federal Government has more than $ 1 Trillion dollars in issued student loans without any risk evaluation being done, and all this debt that so many American's have affects them in other ways, primary in their credit score.

In 2016, more than 1 million borrowers defaulted on their federal direct student loans — meaning they went 361 days or more without making a payment, according to data from the U.S. Department of Education.1 Most of those borrowers were defaulting for the first time, but about 94,000 were defaulting for the second time.