It depends on the grounds for default listed in the loan agreement. You can usually go into default on a private loan as soon as you miss a payment.
It depends on the grounds for default listed in the loan agreement. You can usually go into default on a private loan as soon as you miss a payment.
Please understand that we do not provide legal advice about individual cases. This web site includes links to other resources for those who seek individualized legal advice or other help not offered here. This site is for people who already have student loans and want to know more about their options and rights.