Student Loan Refinancing can lower interest rates and help pay off debt quicker How borrowers enter default Borrowers enter default when they miss at least 270 days of payments on their student loans. Around day 330 to 360 of missing a payment, your loan goes into collections, says Betsy...

4. Cash-out in your college’s failure This one’s a bit backward. People join the army, next visit college after they usually have given the new GI expenses – and therefore will pay for a chunk of the college or university in exchange for hiring. However, that doesn’t mean it...