HESC will continue to work you enter a satisfactory repayment agreement with you to assess your situation and help.
Defaulting has consequences that are serious
- The amount that is entire of loan becomes due.
- Your student loan financial obligation will increase due to any belated fees, extra interest, court expenses, collection costs, lawyer’s costs, and just about every other expenses related to the collection procedure.
- You certainly will be ineligible for the deferment or forbearance in your loan.
- You are going to be ineligible for almost any extra federal pupil help.
- You’ll become ineligible for support under other federal advantage programs. Continue reading “Effects of standard”