What are delinquency and default on a federal student loan?
Delinquency occurs when a federal student loan becomes one day past due. Default occurs when the loan is 270 days past due. Contact your loan holder/servicer immediately if: – You’ll have trouble making a payment; – Your address, phone number or name changes; – Your eligibility for a deferment or forbearance changes; or – Anything else changes in your circumstances that affect repayment of your student loans.