National Student Loan Data System (NSLDS) for Students
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NSLDS is a repository of information from many sources. Changes to the data are made by those sources. Collecting the data into one central location such as NSLDS gives you convenience and saves you time. If for any reason you disagree with the information reported to NSLDS, please contact one or more of the sources of your data listed on the detail pages on this site. The Department is also available as a resource at 1-800-4FEDAID if you need additional assistance. Your comments and corrections will help improve the services NSLDS provides.
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Delinquency and Default

It is very important that you make your loan payments on time. If you are having trouble making your monthly payment, you should immediately contact your loan holder or loan servicer.

You've made a commitment to yourself and your future. Be a responsible borrower -- you don't want to default on your student loan. Default is the failure to repay your loan according to the terms of the promissory note, provided that the failure persists for at least 270 days.

Loan default has serious consequences:

  • Your entire loan balance (principal and interest) will be due in full immediately.
  • Your college records may be placed on hold.
  • You'll lose eligibility for loan deferment.
  • You won't be eligible for additional federal student aid.
  • Your account may be turned over to a collection agency and you'll have to pay additional charges, late fees and collection costs, all of which become part of your debt.
  • Your credit rating will be damaged for several years because defaulted loans are reported to national credit bureaus.
  • You'll have difficulty qualifying for credit cards, a car loan, a mortgage, or renting an apartment (credit checks are required to rent an apartment).
  • Your federal and state income tax refunds can be withheld and applied to student loan debt. This is called a tax offset.
  • You may have a portion of your wages garnished (withheld).
  • You may not be able to obtain a professional license or get hired by an employer that performs credit checks.
 
Remember... Don't Default!
Remember:
  • Make a budget and stick with it.
  • If you don’t understand something, call your loan holder or loan servicer or your financial aid office.
  • Keep all student loan documents in a file.
  • Open all your mail and read everything pertaining to your student loans.
  • Keep in contact with your loan holder or loan servicer.
  • Make all regularly scheduled payments.
  • Ask your loan holder or loan servicer for help if you have difficulty making payments. There are options for you.
  • Borrowing is an investment in your future.

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Information contained on these pages reflects the most current data in the NSLDS database. The data contained on this site is for general information purposes and should not be used to determine eligibility, loan payoffs, overpayment status, or tax reporting. Please consult the Financial Aid Officer at your school or the specific holder of your debts for further information.

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