Student loan default in the United States

Defaulting on a loan happens when repayments are not made for a certain period of time as defined in the loan's terms of agreement, typically a promissory note. For federal student loans, default requires non-payment for a period of 270 days. For private student loans, default generally occurs after 120 days of non-payment.

In 2021, outstanding student loan debt has reached a record more than $1.8 trillion.

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