{"id":35804,"date":"2022-11-08T06:05:43","date_gmt":"2022-11-08T14:05:43","guid":{"rendered":"https:\/\/financer.com\/?post_type=wiki&p=35804"},"modified":"2025-02-20T23:16:19","modified_gmt":"2025-02-21T07:16:19","slug":"what-happens-if-you-dont-pay-student-loans","status":"publish","type":"wiki","link":"https:\/\/financer.com\/loans\/articles\/what-happens-if-you-dont-pay-student-loans\/","title":{"rendered":"What Happens If You Don’t Pay Student Loans?"},"content":{"rendered":"\n
Student loan debt can make a huge impact on Americans’ lives. With the total federal student loan portfolio exceeding $1.6 trillion<\/a> there are more than 43 million borrowers<\/strong> in debt. <\/p>\n\n\n\n Many people think that not paying their student loans can have similar consequences to defaulting on a credit card<\/a> or personal loan<\/a>.<\/p>\n\n\n\n But in fact, it’s much worse when it comes to defaulting on student loans.<\/p>\n\n\n\n Currently, the total federal student loan portfolio totals more than $1.6 trillion<\/a> with more than 43 million borrowers<\/strong> in debt.<\/p>\n\n\n\n Most students have federal student loans, and we know that the government has a lot of power when it comes to collecting outstanding debt.<\/p>\n\n\n