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Stock impact report

What is student loan default? [Yahoo! Finance]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: Yahoo! Finance
Having a student loan in a default state can have serious consequences, including poor credit, the loan payments becoming due in full immediately, the lender taking you to court and not being eligible for forbearance or deferment. To avoid the worst consequences, you can consider federal student loan rehabilitation or consolidation or negotiate a settlement for private student loans. Student loan default occurs when a borrower fails to pay their loans according to the terms of their loan agreement. The exact timeline varies depending on whether you have federal or private student loans. Defaulting on a student loan has serious consequences. Your entire loan balance may come due immediately and you will be ineligible for forbearance and deferment. How do you go into default on a student loan? When you miss your due date, your loan first becomes delinquent. Your student loan will remain delinquent until you pay the amount you owe, qualify for deferment or forbearance, change yo Show less Read more
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