How Long Does it Take for a Student Loan to go into Default?

Question

Currently I am 15 days past due on my student loan.

I am on Long Term Disability from my job and will be getting my first LTD check around the first of October (which I plan to pay the August and September payment). At that point, I will be over 30 days past due.

Will being a little over 30 days past due make me go into default? I have never been this late with my payment before.

Answer 1

Best Answer - Chosen by Voters

Usually it takes 180 days (6 months) for a federal student loan to go into default. If your loan is through a private company, their rules may be different but 30 days past due is not going to put you in default. You can call your loan company, let them know what is going on and that you plan to pay in 3 weeks. That way, you'll feel better about the situation and the loan company knows what's going on. If you are on disability, you can also apply to have your loans deferred and then you possibly won't have to pay any payments until you head back to work.

Hope that helps!

Answer 2

y all student think about default first. plz dont do that for Future boys sake who need that to reed more.*************