On the first day you miss a payment, your loan is considered delinquent. You loan will keep this status until you catch up to your payments, or take up forbearance or an income-driven repayment plan.
After 90 days with a delinquent status on your loan, your loan servicer will report this status to credit bureaus which can lower your credit score.
If you make arrangements for payment with your loan servicer this can be delayed, or avoided entirely. Importantly, going into default can make you ineligible for federal student aid, and many loan forgiveness programs. If you’re having trouble making payments, the first step is to inform your loan servicer immediately to avoid further punitive actions.
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