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Getting into trouble does not only end with the presence of consent when you have sexual intercourse. You must be sure the individual you are having sex with has attained the statutory age of consent.
If you are having issues paying your student loan debt, review every option available to you before going into default. The repercussions are long-term and can lead to wage garnishing, federal interception of tax refunds, and other major problems.
While many young students and would-be borrowers are eager to get into school at any cost, they are too often left dealing with massive student loan debt that overwhelms them at a time they should be starting out with high hopes for the future.
If you are currently having trouble paying your bills and other debts, consider every other avenue before throwing in the towel to a default. While walking away from student loans may seem tempting, such action can have long-term, negative consequences.
Student loan debt in the US, now over $1.5 trillion, only continues to grow. With the well-publicized crisis worsening, there seems to be little anyone can do to prevent the issue from escalating.
Delinquencies and defaults on student loans are not only damaging to credit; they can lead to collections lawsuits, interception of tax refunds, wage garnishments, and more.
If you are a student loan borrower worried about strained finances, remember that it is important to take every step possible to avoid defaulting. While you may hear of some borrowers letting their loans ‘go,’ be aware that there are many serious repercussions.
As student loans burden over 44 million borrowers today and affect the economy of the nation overall, both graduates and non-graduates alike are struggling to the point of national concern.
Delinquencies and defaults on student loans have risen past 11 percent, even with the availability of alternative repayment programs.