How Military Service Impacts Student Loan Repayment Options

If you’re a veteran with student debt, you have repayment rights unique to military service members that can keep you on track and out of default.

Federal student loan default occurs after nine months without a payment. Late notices turn into collection calls, and your creditor – the government – can take you to court and even garnish your paycheck. Once you default, you’ll no longer qualify for repayment plans that could make payments manageable.