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What happens if I default on a private student loan?

Private lenders may attempt to collect on your debt directly, or they may hire collection agencies to try to collect on your debt. 

In addition, they may take you to court. Lenders can also report your default to the credit reporting agencies, which could harm your credit.

Take the next step

Submit a complaint

We’ll forward your issue to the company, give you a tracking number, and keep you updated on the status of your complaint.

Submit a complaint

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