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What will happen if I do not make payments on my student loan?

Your loan may go into default if you do not make your payments or you make late payments. If your student loan goes into default, your loan status will be reported to credit bureaus, which could damage your current credit rating and have lasting effects on your future ability to borrow money. Legal action can also be taken out that will require you to make payments via garnishment of wages.
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Student Loan Assistance Counsel

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