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Whats the difference between delinquency and default?

Default Delinquency
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Whats the difference between delinquency and default?

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A. Delinquency occurs when your loan payment is past due or late. Default occurs when your loan is delinquent for 270 days or more. At that point, the guarantor purchases your loan and is responsible for collecting the debt on behalf of the U.S. Department of Education.

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