Why do Student Loan Defaults Happen?
Student loan defaults happen for a variety of reasons. Usually misinformation or lack of money to repay their student loans. Sometimes borrowers move without sending new contact information to their lender or loan servicer, so they never received repayment information. Some borrowers believe that if they didn’t complete their degree, or if they can’t find a job, they don’t have to repay their student loans. Regardless of your situation, student loans must be repaid, or other arrangements must be made with your lender or loan servicer to prevent default.
