If you miss a student loan payment, you’re not alone: More than 3 million borrowers were at least one month behind, or “delinquent,” on their federal Direct Loans as of December 2018, according to Federal Student Aid. Though delinquency is common, that doesn’t mean you’re not penalized for it. Credit damage and late fees are...
The article What Happens If You Miss a Student Loan Payment? originally appeared on NerdWallet.
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