Ever wonder what happens if you don’t pay your student loans?
Before you take out a student loan for college, make sure you can repay it 👨👦
Back in 2014, student loan debt surpassed credit card debt for the first time in American history. And now, 40 percent of these loans are delinquent, and more than 3,000 people default on their federal student loans every day in the United States.
According to a new CNBC report, “It takes the average student debt borrower 20 years to pay off their loans, and currently, over 44 million Americans hold a total of $1.4 trillion in student loan debt. But many borrowers don't know what actually happen…