Federal Student Loan Delinquency and Default: What to Know

"Delinquency paves the way to default when it comes to repaying student loans, and millions of Americans who borrowed to fund their postsecondary education find themselves on that problematic path each year," U.S. News & World Report writes

... "Considering life goals when seeking the best educational match has financial implications, says Dana Kelly, vice president of professional development and institutional compliance at the National Association of Student Financial Aid Administrators. Desire to finish a degree is another factor in school fit, she adds, noting that students who drop out are more likely to default."

"'You go to college with a plan for your future, right? And a four-year degree may not be the right plan, so don’t allow yourself to be sort of forced into that if maybe there is a community college program that better suits your needs and is less expensive,' Kelly says. 'Certainly, the right educational fit is important because if you’re not happy in the pursuit of your degree, you’re probably not going to finish.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented. 


Publication Date: 12/27/2022

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