What happens if you default on your student loans?

The video discusses the implications of not paying student loans, including default consequences and credit score impacts. It highlights President Biden's plans to assist borrowers, such as the On Ramp and Fresh Start programs, which offer temporary relief and options to return to repayment. The video also covers various repayment plans to avoid default, emphasizing the importance of communication with loan servicers.

How long can federal student loans go without being declared in default?

What are the potential consequences of defaulting on a student loan?

What is the 'on ramp' plan introduced by President Biden?

What is the Fresh Start program and how does it help borrowers?

What options are available for borrowers to avoid going into default?