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Defaulting on student education loans is becoming an inevitability for the specific percentage of borrowers: based on a study through the Urban Institute, 1 million borrowers standard on the loan re payments each year—defined as without having produced payment in almost a year—and around 40 % are anticipated to default by 2023.
Doing this may have side effects in your credit score, preclude you from specific jobs, cause interest and charges to stack up, result in w age garnishment and exacerbate general anxiety that is financial.