Defaulting on Private Student Loans to Get the Lender to Settle

Defaulting on Private Student Loans to Get the Lender to Settle

Strategic default is the borrower’s decision to stop making payments on a private student loan, despite having the financial ability to make the payments. Though more people are contemplating this course of action than ever before, is it a smart choice?

Strategic default is the borrower’s decision to stop making payments on a private student loan, despite having the financial ability to make the payments.

For more from Author Jay Fleischman, click here

Question?

Visit our Forums on Student Loans