Events

« February 2016 » loading...
Sun Mon Tue Wed Thu Fri Sat
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
1
2
3
4
5
Wed 10

Top 10 Misconceptions About the Muslim Community

February 10 @ 1:30 pm - 3:00 pm
Thu 11

Black History Celebration

February 11 @ 11:00 am - 12:30 pm
Thu 11

Movie Event

February 11 @ 12:30 pm - 2:30 pm
Thu 11

View all »

What are the consequences of not repaying a student loan?

∗ You will be reported to a credit bureau having a negative effect on your credit rating.
∗ You can be referred to a collection agency and have to pay collection costs.
∗ Your employer may garnish your wages.
∗ The Internal Revenue Service may withhold your state and federal income tax returns.
∗ The entire unpaid amount of your loan, including interest may become due and payable immediately.
∗ You will lose your rights to deferments.
∗ You will be ineligible to receive any additional federal or state financial aid.

Posted in: Loan FAQs