The student loans just like the other forms of financial aid are a service that is
subject for repayment. However, although aware of such fact, many borrowers
still fall to the trap of walking away from student loan debt which then results to
series of consequences. They tend to ignore their being summoned to enter
repayment usually either 90 or 120 days after separating from school or after
dropping below half-time enrollment. With this, the loans remain delinquent for
270 days or become 270 days past due at any time, leading the loans to “defaultâ€
status.
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