Just 60% of student loan borrowers made a payment when the bills resumed in October. "This is, in essence, a massive student debt strike," one activist said.
We don’t have to pay for the first year, interest accrues, but you don’t become delinquent. Either I completely misread the agreement I signed, and so did many others including journalists.
You can be marked as delinquent between 30 to 90 days (and this will negatively affect your credit) depending on the servicer. The direct loans default after 360 days which is what you are thinking of.
We don’t have to pay for the first year, interest accrues, but you don’t become delinquent. Either I completely misread the agreement I signed, and so did many others including journalists.
More likely, this particular article is garbage.
Well that’s even harsher. They’ll let you build up some principal before garnishment.
And still nowhere near as garbage as Wall Street profiting off of our youngest, most nascent adults children trying to better themselves
You can be marked as delinquent between 30 to 90 days (and this will negatively affect your credit) depending on the servicer. The direct loans default after 360 days which is what you are thinking of.
Whether or not she was right, this is what support at my loan serviced told me