Not Paying Student Loans: The Ultimate Guide to Avoiding Default and Finding Relief


Not Paying Student Loans: The Ultimate Guide to Avoiding Default and Finding Relief

Not paying student loans refers to the intentional decision by a borrower to default on their student loan obligations. This can occur for various reasons, such as financial hardship, disagreement with the loan terms, or a belief that the loans are predatory or unfair.

Not paying student loans can have serious consequences, including damage to one’s credit score, wage garnishment, and legal action. However, there are also potential benefits to not paying student loans, such as freeing up monthly cash flow and avoiding high interest rates. Ultimately, the decision of whether or not to pay student loans is a complex one that should be made on a case-by-case basis.

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