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.

Legal Articles Additional Disclaimer is not a law firm and does not offer legal advice. Content posted on is the sole responsibility of the person from whom such content originated and is not reviewed or commented on by The application of law to any set of facts is a highly specialized skill, practiced by lawyers and often dependent on jurisdiction. Content on the site of a legal nature may or may not be accurate for a particular state or jurisdiction and may largely depend on specific circumstances surrounding individual cases, which may or may not be consistent with your circumstances or may no longer be up-to-date to the extent that laws have changed since posting. Legal articles therefore are for review as general research and for use in helping to gauge a lawyer's expertise on a matter. If you are seeking specific legal advice, recommends that you contact a lawyer to review your specific issues. See's full Terms of Use for more information.