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7 alternatives to default on your student loan

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7 alternatives to default on your student loan

Do you remember how excited you were when you received student loans to pay for college? Now that's all in the past, and your happiness may be fading now that you're paying, especially if you have trouble making monthly student loan payments. It may even be crawling towards noncompliance.

No matter how much you have financial difficulties, however, not complying with the default of a student loan is not an option to consider. Failure to comply with student loans can damage your credit, increase your debt substantially and pursue it even after you start obtaining social security retirement benefits.

Click or slide to read 7 smart alternatives to default on your student loan.

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