People that default on their student loan usually find their credit drop. There are serious implications when you default on your student loan as it can affect your wages and possible tax refunds in addition to a poor credit rating.

Defaulting on your student loan is avoidable if you just do a few simple things. Before you do anything you will regret, make sure that you keep in contact with your lender.

Just keep your lender informed of your situation. Most lenders will help you.