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What are the consequences of defaulting?

consequences defaulting
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What are the consequences of defaulting?

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Borrowers who fail to make a payment on time are considered delinquent on a Direct Consolidation Loan. Borrowers who do not make payments for 270 days are in default.

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Borrowers who fail to make a payment on time are considered delinquent on their Direct Consolidation Loans. Borrowers who do not make payments for 270 days are in default.

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