Are Private Student Loans Your Best Bet?
by
Gregory Mark Fitzgerald on Feb. 06, 2019
Bankruptcy & Debt Credit & Debt Bankruptcy & Debt Collection Other Education
Summary: Private student loans can be enticing for a few reasons, particularly if you have exhausted all the federal funding, grants, and scholarships available to you.
"Delinquencies on a private student loan are considered a default usually around 120 days, and at that point, the entire amount may become due. While repercussions can be stringent after federal loan default, private loan servicers may file collections lawsuits that have the potential to turn into default judgments if not handled in a timely—or correct—fashion."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
