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| What happens if I default on my federal student loan?
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| It is extremely important not to default on any loan, and defaulting on a federal student loan will impact your credit history. Eventually, your wages may be garnished as a result of defaulting on a student loan.
However, if you feel you may have to default, or if you are already in default, you should contact your lending company for counseling. |
| Get more information on loan defaults |
