What will happen if I can't pay back the student loan?

What could happen if you don't pay back remaining amount of student loan?

  • I'm planning on moving to Germany later this year and I have about $3000 dollars left to pay back. What would happen if I don't pay the rest of the money back and I leave for Germany?

  • Answer:

    They send your account to a collection agency and your credit rating plummets. If it's a federal loan, you can't get another one or apply for most federal jobs.

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